$2,130,000
$2,249,000
5.3%For more information regarding the value of a property, please contact us for a free consultation.
6,300 SqFt
SOLD DATE : 10/28/2022
Key Details
Sold Price $2,130,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 6,300 sqft
Price per Sqft $338
MLS Listing ID 11418157
Sold Date 10/28/22
Maintenance Fees $3,000
Year Built 1914
Annual Tax Amount $5,671
Tax Year 2020
Lot Dimensions 50X125
Property Sub-Type Multi Family 5+
Property Description
Prime Douglas Park 12 Unit Building, with 4 Bonus units, 16 Units Total. Absolute True and Fully Gutted Rehabbed down to the Studs. Listed at an 9.1-CAP. 100% Rented with over $19,300/month Gross Income. Professional Management can be included with the purchase for out of state buyers or investors looking for a completely turnkey asset! Building consists of all 2 Bed/ 1 Bath Units, with Hardwood Floors, Quartz Countertops, Stainless Steel Appliances, In-Unit Washer/Dryer, Central A/C, Individual Furnaces & Water Heaters and Private Decks in the Rear. Brand New Roof, Electrical Service, Plumbing, Mechanicals, Appliances, Kitchens, Bathrooms & Flooring. Great income property on beautiful quiet street in hot neighborhood! Speaks to Numerous Investment Objectives, with Broad Appeal for the small to the Seasoned Investor, 1031 Exchange, and those looking for an inflation hedge or a great long term hold for generational wealth creation.
Location
State IL
County Cook
Area Chi - North Lawndale
Zoning MULTI
Interior
Fireplace N
Exterior
Roof Type Composition
Building
Level or Stories 3
Structure Type Brick
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Bought with Lawrence Dunning • Main Street Real Estate Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "