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Listed by Anthony Munozof Listing Leaders Northwest, Inc
$ 695,000
Est. payment | /mo
9 Beds
$ 695,000
Est. payment | /mo
9 Beds
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12555810
Bedrooms 9
Year Built 1903
Annual Tax Amount $5,223
Tax Year 2023
Lot Dimensions 6250 SQFT
Property Sub-Type Two to Four Units
Property Description
FULLY RENOVATED and fully occupied, this stabilized 3-unit asset offers highly predictable cash flow supported by Chicago Housing Authority (CHA) rental payments, providing dependable income regardless of market fluctuations. All units are leased, creating immediate and consistent revenue from day one. 2024 renovation significantly reduces future capital expenditure, with upgrades including new electrical, plumbing, HVAC systems, furnaces, A/C units, drywall, flooring, and appliances. These improvements position the property for low maintenance and operational efficiency over the long term. The offering also includes adjacent architectural drawings and an additional lot, presenting valuable future development or expansion potential. Combined with strong in-place income and minimized deferred maintenance, this property delivers both stability today and upside tomorrow.
Location
State IL
County Cook
Rooms
Basement None
Interior
Heating Forced Air
Fireplace N
Exterior
View Y/N true
Building
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None

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