$925,000
$975,000
5.1%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 11/20/2020
Key Details
Sold Price $925,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10796703
Sold Date 11/20/20
Year Built 1931
Annual Tax Amount $25,000
Tax Year 2019
Lot Dimensions 9489
Property Sub-Type Multi Family 5+
Property Description
Awesome Cash Cow - Greater Grand Crossing 27 Mixed-Unit Building. Building consists of 8 studios, 9 one bedrooms, 5 two bedrooms, and 5 retail spaces. Currently over 8% CAP rate, with Rents increasing closer to a 10-CAP. Capital improvements in new porch, boiler (2014), hot water heater (2016), storage tank (2019), R&D controls (2014), and newer windows/electric. Most heavy lifting complete, so more cosmetics to raise the rents and improve cash flow. Area changing day by day and prices steadily appreciation. Easy access to city and highways.
Location
State IL
County Cook
Area Chi - Greater Grand Crossing
Interior
Cooling Window Unit(s)
Fireplace N
Building
Level or Stories 3
Structure Type Brick
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Bought with Maria Pike Davis • Charles Rutenberg Realty
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