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$480,000
Est. payment /mo
7,379 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 7,379 sqft
Price per Sqft $65
MLS Listing ID 12333403
Maintenance Fees $1,200
Year Built 1923
Annual Tax Amount $12,898
Tax Year 2023
Lot Size 0.860 Acres
Lot Dimensions 25 X 115
Property Sub-Type Multi Family 5+
Property Description
Welcome to your next investment opportunity rich Auburn Gresham area of Chicago! This well maintained 12-unit building offers a prime chance to expand your portfolio while stepping into a turnkey operation. The current rents are below todays market value. Here's a glimpse into what this property has to offer. Property Description: Nestled in the Auburn Gresham Community near bus lines, shopping and the developing 79th Street Corridor, this 12-unit gem stands as a testament of good maintenance, community care and pride while Boasting a rich history of 98 years. This property exudes a sense of reliability and longevity. Key Features: Appliances are Included. FORECASTED MONTHLY INCOME: 8,280 ANNUAL INCOME: 99,360 VACANCY: 4,968 EXPENSES: 49,322 and THE ASSET HAS A FAVORABLE CAPITALIZATION RATE!
Location
State IL
County Cook
Area Chi - Auburn Gresham
Zoning MULTI
Rooms
Basement Unfinished
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
Utilities Available Sewer Connected, Water Available
Roof Type Membrane,Rubber
Building
Dwelling Type Multi Family 5+
Sewer Storm Sewer
Water Municipal Water
Level or Stories 3
Structure Type Brick
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Listed by Michael LaFargue • Coldwell Banker Realty