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$2,150,000
Est. payment /mo
14,600 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 14,600 sqft
Price per Sqft $147
MLS Listing ID 12325266
Year Built 1927
Annual Tax Amount $16,939
Tax Year 2022
Lot Dimensions 125X55
Property Sub-Type Multi Family 5+
Property Description
Step into a prime investment opportunity in the heart of South Shore! This beautifully maintained 13-unit multifamily building offers both immediate income potential and long-term appreciation. Each spacious unit features generously sized bedrooms, updated kitchens, and modern finishes while maintaining the building's original charm. Perfect for investors who are in a 1031-exchange, move-up investor, out of state buyer, looking for a property that offers flexibility and value in an appreciating neighborhood. Property Highlights include: 1.Thirteen (13) fully occupied units generating consistent rental income. 2. Updated mechanical and well-maintained common areas. 3. Potential for increased cash flow through strategic upgrades. 4. Ideal location near Jackson Park, the upcoming Obama Presidential Center, and Lake Michigan. With close proximity to public transportation, local shopping, dining, and cultural landmarks, this property is situated in a rapidly developing corridor. Don't miss your chance to secure a solid investment in one of Chicago's most promising neighborhoods. Offering Memorandum available upon request!
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling Central Individual
Fireplace N
Exterior
View Y/N true
Roof Type Reflective Coating,Rubber
Building
Foundation Concrete Perimeter
Structure Type Brick
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Listed by Kevin Rocio • @properties Commercial