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Listed by Fei Martinof Berkshire Hathaway HomeServices Chicago
$ 1,190,000
Est. payment | /mo
$ 1,190,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12560643
Year Built 1923
Annual Tax Amount $11,077
Tax Year 2024
Lot Dimensions 3150
Property Sub-Type Multi Family 5+
Property Description
Turnkey multi-unit investment property with strong in-place cash flow. The entire building was gut-rehabbed in 2022, including new electrical, new plumbing, new water lines, new gas lines, a new roof, and new windows, offering peace of mind and minimal future capital expenses. The property consists of five residential units plus additional income from laundry and garage parking. All units are currently occupied with long-term tenants, many of whom have renewed multiple times and are likely to continue. Rents reflect the quality of the recent renovation, and supplemental income from laundry and parking further enhances returns. Ideal for investors seeking a stabilized, fully updated asset with reliable income and limited deferred maintenance.
Location
State IL
County Cook
Zoning MULTI
Interior
Fireplace N
Exterior
View Y/N true
Building
Structure Type Brick
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NEARBY SCHOOLS & PROPERTIES
676 N Michigan Ave. Ste 3010, Chicago, IL, 60611, United States