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Key Details
Sold Price $750,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 5,880 sqft
Price per Sqft $127
MLS Listing ID 12348702
Year Built 1974
Annual Tax Amount $18,209
Tax Year 2023
Property Sub-Type Multi Family 5+
Property Description
Incredible opportunity to acquire a massive all-brick 6-unit building offering nearly 6,000 sq ft plus a full concrete basement - extremely well-maintained by long-term owners who prioritized preventative care. Each all-electric unit features 2 large bedrooms, 1 bath, private balconies, and front/back hallways. Tenants pay their own heat and electric, keeping expenses low and NOI high. All units have their own thermostat and hot water heater. All tenants are month-to-month, creating immediate upside potential through lease restructuring and rental increases. Property includes a large, well-kept asphalt lot with plentiful parking, tenant and owner storage, and a common laundry room. Excellent location near new I-294 ramp, public transit, strong schools, and Stickney Township healthcare system - all major tenant draws. This is a rock-solid, cash-flow-ready building on a beautiful block, perfect for both seasoned and first-time multi-unit investors looking for stability, growth, and location-driven demand. Attention: Purchase 7841 & 7835 Normandy together for a powerful portfolio addition! Per information received although not verified roofs are about 5 years old.
Location
State IL
County Cook
Area Burbank / Nottingham Park
Zoning MULTI
Interior
Cooling Wall Sleeve
Exterior
Utilities Available Sewer Connected
Roof Type Composition
Building
Water Municipal Water
Structure Type Brick
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Bought with Khaled Muza of RE/MAX 10

