$742,000
$780,000
4.9%For more information regarding the value of a property, please contact us for a free consultation.
11,004 SqFt
SOLD DATE : 09/19/2023
Key Details
Sold Price $742,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 11,004 sqft
Price per Sqft $67
MLS Listing ID 11788724
Sold Date 09/19/23
Maintenance Fees $7,200
Year Built 1918
Annual Tax Amount $4,624
Tax Year 2021
Lot Size 6,534 Sqft
Lot Dimensions 54X124
Property Sub-Type Multi Family 5+
Property Description
Welcome to this incredible investment opportunity! This brick 6-unit building is the perfect addition to any investor's portfolio. Situated in a prime location, this property offers stability and a consistent income source. All occupied units are with reliable CHA tenants, ensuring a steady cash flow from day one. The units have been meticulously maintained and feature beautiful hardwood floors, providing a timeless and elegant aesthetic. The gas forced air system guarantees efficient heating, while separate utilities for each unit ensure convenience and individual control. Notably, the entire building underwent a comprehensive gut rehab, accompanied by meticulous plans and permits. This means that the property is not only visually appealing but also updated to meet modern standards of comfort and functionality. With four bedrooms and one bath in each unit, the spacious layouts provide ample room for tenants to enjoy a comfortable living environment. The flexibility of these floor plans opens up possibilities for various tenant demographics, attracting a wide range of renters. Making the transition process even smoother for the new buyer, the current property manager is willing to stay on board. Their extensive experience and familiarity with the building will prove invaluable in maintaining consistent management and ensuring a hassle-free ownership experience. This brick 6-unit building presents an outstanding investment opportunity with its stable income, recent gut rehab, and the convenience of a dedicated property manager. Don't miss your chance to secure this property and take advantage of its potential for long-term financial growth. Schedule a showing today and seize the opportunity to own this exceptional investment property!
Location
State IL
County Cook
Area Chi - Austin
Zoning MULTI
Interior
Fireplaces Number 6
Fireplace Y
Building
Level or Stories 3
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Bought with Sagar Shah • YBRS Realty Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "