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$ 500,000
Est. payment | /mo
$ 500,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12321646
Maintenance Fees $540
Year Built 1926
Annual Tax Amount $5,042
Tax Year 2023
Lot Dimensions 5722
Property Sub-Type Multi Family 5+
Property Description
Rare Investment Opportunity in Chatham - 9-Unit Multifamily Building Discover a unique investment in one of the most desirable neighborhoods of Chatham with this 3-story multifamily building featuring a mix of occupied units. This property includes five 1-bedroom and four 2-bedroom units, combining comfort with potential high returns. Property Highlights: Total Units: 9 Unit Mix: 5 one-bedroom units, 4 two-bedroom units Occupancy: almost fully occupied with a combination of lease and month-to-month arrangements. Building Condition: Requires renovations; an excellent opportunity to add value. Investment Potential: Situated in the highly sought-after Chatham area, known for its strong rental demand. Potential to increase rental income through property enhancements and lease adjustments. Located in a vibrant community with easy access to local amenities, parks, and public transportation. Close proximity to shopping, dining, and entertainment options. This property is ideal for: Investors looking to expand their portfolio with a property that offers both immediate cash flow and significant upside potential through renovations. Take advantage of this opportunity to own a multifamily building in Chatham with solid bones and great potential. Whether you're looking to refurbish and revitalize or hold as a steady income source, this property promises to be a worthwhile addition to any real estate investment portfolio. Property is sold AS-IS
Location
State IL
County Cook
Area Chi - Chatham
Interior
Cooling None
Fireplace N
Building
Dwelling Type Multi Family 5+
Level or Stories 3
Structure Type Brick
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Listed by Toya Woullard • EXIT Strategy Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "