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UPDATED:
09/13/2024 06:54 PM
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 11790947
Year Built 1914
Annual Tax Amount $15,656
Tax Year 2023
Lot Dimensions 27 X 125
Property Description
AGENT OWNED. This is a great multi-family investment building. The building was converted from 7 units to 5 units in 2018 due to city compliance requirements. The building was completely rehabbed with new water lines, drains, and electrical. New roofs were installed above all residential spaces in 2019. New boiler, hot-water tank, and sump pumps were installed in 2020. The apartments have been updated with modern finishes, such as granite counter tops, stainless steel appliances, hardwood floors, ceramic bathroom floors, double vanitie in each of the 4 bed apartments, large walk-in showers in the upstairs apartments, roof top patio/walkway, and other upgrades. This building generates high income from the 5 units in the building and the two car garage. Very little maintenance is ever required since being rehabbed. All tenants are on long term leases and are up to date! If you have a buyer looking for an investment property generating a lot of income with few tenants, and requires low amount of maintenance and upkeep this is it! There are no furnaces or individual water takes to maintain, just a boiler and a large hot water tank which supplies the building. The current owner uses the basement for storage of his personal property management material. Two buildings to the west of the property there is a brand new laundromat.
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
View Y/N true
Building
Structure Type Brick
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Victor Postillion • Skydan Real Estate Sales, LLC
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Rich Ayers
Team Lead | Realtor | License ID: 470112432
Team Lead | Realtor License ID: 470112432