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$ 1,589,000
Est. payment | /mo
$ 1,589,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12319625
Year Built 1885
Annual Tax Amount $22,865
Tax Year 2023
Lot Dimensions 26' X 100'
Property Sub-Type Multi Family 5+
Property Description
Centrally located in the Near West side at the heart of the UIC East Campus. Building generates cash flow for any level of investor and is being offered at 7.43 Cap Rate w GRM below 10. This property consists of six apartments with a diverse mix of layouts, including one 1-bedroom, two 2-bedroom, two 3-bedroom, and one 4-bedroom unit. Apartments feature hardwood floors, stainless steel or white kitchen appliances, laminate countertops, central HVAC, and in-unit laundry. Rear units enjoy access to outdoor decks. Recently renovated apartments offer a glimpse of the potential for modern upgrades throughout the building. Investors have the opportunity to significantly increase rental income by making few cosmetic updates if desired. Spacious laundry room in the rear units may present the potential to add a second full bathroom.
Location
State IL
County Cook
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
Building
Structure Type Brick
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Michael Masterson • Essex 312, LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
2600 S. Michigan Ave., STE 102, Chicago, IL, 60616, United States