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$565,000
Est. payment /mo
7,788 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 7,788 sqft
Price per Sqft $72
MLS Listing ID 12383178
Year Built 1909
Annual Tax Amount $9,705
Tax Year 2023
Lot Size 6,098 Sqft
Lot Dimensions 124 X 49
Property Sub-Type Multi Family 5+
Property Description
Excellent opportunity to own a 8-unit multifamily property with lots of CashFlow. Separately metered utilities. The building features a mix of (4) units with 5 rooms, 2 beds, 1 bath and (4) units with 4 rooms, 2 beds, 1 bath, totaling 9 rooms, 16 bedrooms, and 8 full bathrooms. Gas furnaces and electric meters are separate for each unit, with tenants responsible for their own gas and electric. Back building includes a separate water heater, also paid by the tenant. Building electricity is minimal at approximately $30/month. All windows were replaced in 2016. Roof is approximately 15 years old. No central AC - window units provided by tenants. No garage on site. This is a well-structured property with great upside for investors seeking strong rental income and minimal landlord-paid utilities. **The units identified as: 5656 S Marshfield Ave (Units 1N & 2N), 5658 S Marshfield Ave (Units 1S & 2S), 1638 W 57th St (Units 1E & 2E), and 1640 W 57th St (Units 1W & 2W).
Location
State IL
County Cook
Area Chi - West Englewood
Zoning MULTI
Interior
Cooling None
Fireplace N
Exterior
Utilities Available Sewer Connected
Roof Type Tar/Gravel
Building
Dwelling Type Multi Family 5+
Water Municipal Water
Structure Type Brick
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Listed by Michael Fisher of M Property Group LLC