$540,000
$499,999
8.0%For more information regarding the value of a property, please contact us for a free consultation.
12 Beds
4 Baths
SOLD DATE : 11/08/2024
Key Details
Sold Price $540,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12127999
Sold Date 11/08/24
Bedrooms 12
Year Built 1928
Annual Tax Amount $8,433
Tax Year 2022
Lot Dimensions 50 X 125
Property Sub-Type Two to Four Units
Property Description
Exceptional opportunity in Austin: a well-maintained 4-unit multifamily building available now. This investment property boasts long-term tenants and generates immediate rental income. All units are occupied are 3 bedroom/1 bathroom, including one non-conforming in-law unit. The property is sold as-is; buyers should verify details, including the legality of the basement units. Three primary units produce $4,200 monthly, while the fourth unit, currently rented by the owner's relative, could command $1,500 monthly. An in-law unit brings in $800 per month, and an unfinished second in-law unit offers potential for additional income. The property features two sets of coin-operated laundry machines ($300 monthly income), a 5-car garage, and recent updates including a 6-year-old boiler, hot water heater, and new windows. Owner covers heat and water; tenants pay cooking gas and electricity. Enclosed with wrought iron fencing and equipped with a handicap lift off the back deck, this building is perfect for investors looking to build wealth.
Location
State IL
County Cook
Area Chi - Austin
Rooms
Basement Full, Walkout
Interior
Heating Natural Gas, Radiator(s)
Fireplace N
Exterior
Exterior Feature Deck
Parking Features Detached
Garage Spaces 5.0
Building
Sewer Public Sewer
Water Lake Michigan, Public
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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Bought with Jose Tenezaca • RE/MAX City
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
760 Pasquinelli Dr Suite 348, Westmont, Illinois, 60559, United States