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$475,000
Est. payment /mo
11 Beds
3,484 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12371085
Bedrooms 11
Annual Tax Amount $6,000
Tax Year 2023
Lot Size 3,484 Sqft
Lot Dimensions 25 X 140
Property Sub-Type Two to Four Units
Property Description
Beautiful Brick 4 Unit with Jumbo units with 5.8 GRM off MV rents!. Updates throughout: Newer furnaces, Roof updated, Electrical Updated, Plumbing updated, ReCoated Roof. Each unit has Large Living and Dining Rooms, Fireplaces and Large Pantry With Laundry Hookups. There are 11 bedrooms total and 4 baths all ready to cash flow. Currently 2 professionally term leased apartments ( 2 units vacated so buyer can owner occupy/take over). Units 1 and 3 are rented are paying 1550 and 1750. Unit 1 has 2 beds, Unit 2, 3, and 4 offer 2/3 bed layouts. Well appointed kitchens and Baths. Units have furnaces, back deck, and large yard(thanks to the 140' extra long lot) , & there is easy parking and can park 3 cars on lot(just move fence which we can do for you). Bright light enters/open air on sides(buy city lot next door easily - we have Alderman support already). APPRECIATION: maybe the best bet in the city for appreciation due to NEW QUANTUM COMPUTING CENTER just 1/2 mile east (see pics for details) many years of jobs+Development are on the way! The Quantum Center just broke ground and is being built now...Just Google Chicago Quantum Computing Center. Location also across from Grammar School and national landmark, and another Charter School w playground on other corner. There are Cta 6 bus routes, and 2 Metra stations(south shore) are walkable. The Lakefront is short walk and 2 Parks entice you on the way (2 blocks east is New Park and further on Lake side is Steelmakers park w fishing canal). Driving: 90/94 2 minutes and Walmart/Indiana border/Casino is minutes away. All transportation options for renters are satisfied due to this, as well as, a short walk to grocery and Dunkin/Eating on 91st. Just announced, The Quantum center is putting in over 30+ homes on 30+ of the 500 vacant lots surrounding this area along Lake and East of Skyway. BIG ADD ON: We just learned the LOT NEXT DOOR (9039 to south) may be purchased if qualified by this owner from city in the October/Fall via Adjacent Lot Program if handled quickly after sale (A copy of Alderman support letter in hand for purchase of lot - ask Broker for copy). Owning this building likely favors you for the land and a discount on it. Some TLC for next owner The improvement projects left to do here next (update windows in front, some tuck pointing over time, various smaller cap ex projects) and if well managed there will be money to handle all issues over time with cashflow. Tenants in good standing. Can show 2 units easily and others with video and entry after offer . Full financials available in share folder and video via broker
Location
State IL
County Cook
Community Park, Lake, Gated, Sidewalks, Street Lights, Street Paved
Zoning MULTI
Rooms
Basement None
Interior
Heating Natural Gas, Space Heater
Fireplace N
Exterior
Exterior Feature Balcony, Dog Run
View Y/N true
Roof Type Rubber
Building
Foundation Block, Concrete Perimeter
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
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Listed by Phillip Buoscio • Keller Williams ONEChicago