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Listed by Peter Drossosof Peter Drossos Real Estate
$1,300,000
Est. payment /mo
4,704 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 4,704 sqft
Price per Sqft $276
MLS Listing ID 12448959
Year Built 1892
Annual Tax Amount $24,481
Tax Year 2024
Lot Size 2,613 Sqft
Lot Dimensions 24 x 125
Property Sub-Type Multi Family 5+
Property Description
This all brick, 6-unit building is an excellent West Town location! There are three front facing units and three rear facing units. One of the 6 units consists of a 1-bedroom, 1-bathroom unit. The remaining five units consist of 2-bedroom, 1-bathroom units. All units are on month-to-month leases and at below market rents; there is significant room for rent increases with a touch of cosmetic work. Investors can easily capture $2,350 per month per unit to $2,500 per month per unit in rental income! Equally important, each unit is quaint and cozy with its open concept floor plan, exposed kitchen, very high ceilings and large windows that welcome natural sunlight in all units. And the area: is just exceptional, which translates into very strong rental demand and, hence, low vacancies. It is minutes to the Kennedy, Ogden International School of Chicago, Fulton Market, restaurants, transportation, parks and so much more! A must see! A 10! Please note that this is an as-is, where-is sale.
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Unfinished
Interior
Cooling Central Air, Window Unit(s)
Fireplace Y
Exterior
View Y/N true
Roof Type Reflective Coating,Rubber
Building
Foundation Concrete Perimeter, Stone
Structure Type Brick,Concrete
Others
HOA Fee Include None
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