$710,000
$715,000
0.7%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 08/09/2022
Key Details
Sold Price $710,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11401883
Sold Date 08/09/22
Maintenance Fees $9,009
Year Built 1908
Annual Tax Amount $10,180
Tax Year 2020
Lot Dimensions 159X67
Property Sub-Type Multi Family 5+
Property Description
This is your opportunity for passive income with a 10.4% cap rate! Massive 8 unit building with a mix of 5 bedrooms (1), 4 bedrooms (3), 3 bedrooms (2) and 2 bedrooms (2). All units are setup for tenants to pay their own utilities. Capital improvements from 2019-2021 include: New Roofing, new siding (enclosed porch), 4 new furnaces, 1 new hot water tank, a new ejector pump, some doors and common area carpeting, as well as most of the units have been remodeled. The pictures and floorplan are of the vacant 4 bed/2 bath unit. This building produces great income sitting on King Dr, close to public transportation and shopping. Dedicated laundry space in basement can be your project along with the 6 car garage.
Location
State IL
County Cook
Area Chi - Greater Grand Crossing
Zoning MULTI
Interior
Cooling Central Air
Fireplace N
Exterior
Roof Type Reflective Coating, Rubber
Building
Level or Stories 2
Structure Type Brick
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Bought with Danielle Moy • @properties Christie's International Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "