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$1,400,000
Est. payment /mo
3,484 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12437992
Maintenance Fees $2,200
Year Built 1925
Annual Tax Amount $16,334
Tax Year 2023
Lot Size 3,484 Sqft
Lot Dimensions 30x125
Property Sub-Type Multi Family 5+
Property Description
An excellent opportunity to own a fully renovated 8-unit multifamily building in a thriving Chicago neighborhood. Each unit features 2 bedrooms, and all are currently leased, generating $111,000 annually in rental income. Over the years, the property has been thoughtfully updated with newer water heaters, furnaces, and A/C units. All units have been gut rehabbed, offering sleek kitchens, modern bathrooms, and updated flooring throughout. Tenants pay their own gas and electricity, keeping operating expenses low. All appliances are included, and the building has been consistently well-maintained with minimal ongoing maintenance needs. Ideally located across from Piotrowski Park, residents enjoy convenient access to green space, daily exercise, and family-friendly activities. The surrounding neighborhood is vibrant and walkable, with local dining, shops, and public transportation nearby. This is a turnkey investment; just purchase and start collecting rent.
Location
State IL
County Cook
Area Chi - South Lawndale
Zoning MULTI
Rooms
Basement Partially Finished
Interior
Cooling Central Air
Fireplace N
Exterior
Roof Type Reflective Coating
Building
Dwelling Type Multi Family 5+
Level or Stories 2
Structure Type Brick
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Listed by Juan Narvaez • RE/MAX Premier