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$845,000
Est. payment /mo
8 Beds
UPDATED:
12/01/2024 06:06 AM
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12216850
Bedrooms 8
Year Built 1951
Annual Tax Amount $13,259
Tax Year 2022
Lot Dimensions 45X122
Property Description
Discover this well-maintained four-unit building, featuring four spacious two-bedroom, one-bath apartments. Each unit boasts separate gas and electric utilities, ensuring convenience and minimal overhead for landlords. One unit has been completely renovated, offering modern finishes, while the remaining three are in excellent rental quality condition. The property highlights include beautifully refinished hardwood floors throughout and ample parking with designated spaces for each unit. With a newer roof (approximately 10 years old) and furnaces (around 10-12 years old), along with all-new vinyl windows, this building is poised for low maintenance and long-term durability. The water heaters are about 10 years old, and tenants are responsible for electric, gas, and water expenses, reducing your overall management costs. Located in a desirable area, there is significant potential to increase rents and boost your return on investment. Additionally, on-site coin-operated laundry facilities in the basement add extra convenience and income. Don't miss out on this fantastic opportunity to invest in a well-performing multifamily property in a thriving community!
Location
State IL
County Cook
Rooms
Basement Full
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
View Y/N true
Building
Sewer Public Sewer
Water Lake Michigan, Public
New Construction false
Schools
School District 68, 68, 219
Others
Ownership Fee Simple
Special Listing Condition None
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Harris Ali • Sky High Real Estate Inc.
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