$735,000
$775,000
5.2%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 07/31/2023
Key Details
Sold Price $735,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11482569
Sold Date 07/31/23
Maintenance Fees $6,552
Year Built 1920
Annual Tax Amount $13,969
Tax Year 2020
Lot Dimensions 6162
Property Sub-Type Multi Family 5+
Property Description
Long-term Owner offering stable and established 13-unit multifamily building. 100% occupancy with upgraded units, newer mechanicals, laundry facilities, newer porches, masonry, electrical, etc. No deferred maintenance and great mid-market, workforce housing location. Mix of 1- & converted 2-bedroom units currently generating $11K per month with room to raise rents. Opportunity for a 11% Cash-on-Cash return investment at List Price. Total Return exceeds 21% at List.
Location
State IL
County Cook
Area Chi - Greater Grand Crossing
Zoning MULTI
Interior
Fireplace N
Exterior
Roof Type Rubber
Building
Level or Stories 3
Structure Type Brick
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Bought with Robert Thompson • Realty Asset Advisors LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "