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$380,000
Est. payment /mo
3,660 SqFt
UPDATED:
Key Details
Property Type Multi 5 Units, Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 3,660 sqft
Price per Sqft $103
MLS Listing ID 12349032
Maintenance Fees $300
Year Built 1888
Annual Tax Amount $2,531
Tax Year 2023
Lot Size 3,049 Sqft
Lot Dimensions 125X25
Property Sub-Type Multi Family 5+
Property Description
Position yourself for success with this solid 7-unit brick building, ideally located in Chicago's rapidly growing Greater Grand Crossing neighborhood - just minutes from the new Obama Presidential Library, Metra stations, shopping, and public transportation. This is the kind of high-potential investment opportunity that serious buyers move quickly on. The building consists of six spacious 1-bedroom, 1-bath units and one large 3-bedroom, 1-bath unit, offering an excellent rental mix to attract a variety of tenants. Major improvements have already been taken care of, including a brand-new roof in 2023, new front windows installed in 2020, and three new furnaces added the same year, giving you peace of mind and reducing future maintenance costs. Tenants are responsible for their own gas and electric, while the owner covers water, common gas, and lighting expenses. There is also a detached 2-car garage for added convenience, laundry facilities in the basement, and untapped potential to add an additional unit to further boost your income. Currently, three units are rented while four units are vacant, presenting the perfect scenario for both immediate cash flow and future rent growth after light improvements. Some updating has already been completed, allowing you to step in and tailor the property to maximize returns. This property is being sold as-is and offers a golden opportunity to secure a valuable income-producing asset in an area on the brink of major revitalization. With solid fundamentals, prime location, and endless upside, this is the kind of deal that smart investors recognize - and act on - fast. Don't let this opportunity pass you by. Schedule your showing today and start building your future wealth!
Location
State IL
County Cook
Area Chi - Greater Grand Crossing
Zoning MULTI
Rooms
Basement Partially Finished
Interior
Fireplace N
Building
Dwelling Type Multi Family 5+
Level or Stories 2
Structure Type Brick
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Listed by Alicia Bowens • Keller Williams Preferred Rlty