$575,000
$595,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 03/07/2025
Key Details
Sold Price $575,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12216296
Sold Date 03/07/25
Maintenance Fees $1,200
Year Built 1915
Annual Tax Amount $6,540
Tax Year 2023
Lot Dimensions 43X125
Property Sub-Type Multi Family 5+
Property Description
Don't miss out on this CASH COW INCOME PROPERTY in Chicago's Auburn Gresham neighborhood! Spacious layouts, solid tenants and income, and a building that has been meticulously maintained by the current owner. Walk right into an 11.4 cap rate and a ton of room for growth, with value-add opportunities and below-market rents! This classic Chicago brick multi-family consists of a mix of three 3 bed/1 bath units, three 2 bed/1 bath units, and one non-conforming 3 bed/1 bath garden unit. Add some extra income with coin laundry in the basement and 3 detached garage parking spots. Recent updates include a brand new security system, new appliances for all units within last 2 years, 2 new water heaters, the building was sealed/tuckpointed in 2024, and new hallway carpeting and flooring was just installed. Roof is estimated to be about 7 years old, and all furnaces are about 8 years old. Make sure to take advantage, you just don't see investment opportunities like this every day!
Location
State IL
County Cook
Area Chi - Auburn Gresham
Interior
Fireplace N
Building
Level or Stories 3
Structure Type Brick
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Bought with Sharie Jackson • eXp Realty, LLC
"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