6200 S Harlem AVE, Summit, IL 60501
6200 S Harlem AVE, Summit, IL 60501
6200 S Harlem AVE, Summit, IL 60501
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$700,000
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Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12621225

Year Built 1961

Annual Tax Amount $10,750

Tax Year 2023

Lot Dimensions 57x72

Property Sub-Type Multi Family 5+

Property Description

Turnkey 6-unit investment opportunity in Summit Argo! This well-maintained multi-family building features five 1BD/1BA units and one spacious 2BD/1BA unit, with 5 of 6 units currently occupied by long-term, month-to-month tenants - no lease headaches, just steady income from day one. The sellers have taken pride in maintaining the building. Investors will love the no-fuss layout - no interior stairwell to maintain - plus an on-site coin laundry room for added convenience and additional income potential. A private rear parking lot adds everyday ease for tenants and long-term appeal for the next owner. One unit is vacant and ready for an owner-occupant or to be leased at market rate immediately. Current rents are all far below market value. A rare chance to step into a stabilized asset with reliable tenants and room to grow. Don't miss it!

Location

State IL

County Cook

Area Summit

Interior

Cooling Wall Sleeve

Fireplace N

Building

Dwelling Type Multi Family 5+


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Midwest Real Estate Data (MRED) IDX
Listed by Ewelina Siuta of  eXp Realty 
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Doug Anderson

Doug Anderson

Designated Managing Broker

+1(847) 687-3424

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6200 S Harlem AVE