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Listed by Lauren Wrightof Coldwell Banker Realty
$525,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12458888
Year Built 1898
Annual Tax Amount $5,031
Tax Year 2023
Lot Dimensions 6500
Property Sub-Type Multi Family 5+
Property Description
Solid 6-unit brick multi-family building located on a tree lined cul-de-sac. This property has strong bones, a newer roof, and new porch. Three of the units were recently rehabbed. 4 out of the 6 units are occupied and up to date on rent, while the remaining two units are currently listed for rent. This property also includes an additional lot with a separate PIN number used for tenant parking, but offers future expansion potential. With a potential NOI of $65,748 once the vacant units are occupied, this multi-family residence is an excellent long-term investment opportunity. Featuring a cap rate of 10.3, it promises passive income for the savvy investor. Don't miss out. Bring your offers today. This gem won't last long!
Location
State IL
County Cook
Zoning MULTI
Interior
Fireplace N
Exterior
View Y/N true
Roof Type Tar/Gravel
Building
Structure Type Brick
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