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Listed by Yiselle Bryceof RE/MAX 1st Service
$ 450,000
Est. payment | /mo
$ 450,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12010667
Year Built 1922
Annual Tax Amount $13,727
Tax Year 2023
Lot Dimensions 8600 SQUARE FEET
Property Sub-Type Multi Family 5+
Property Description
Rare 7-Unit Multi-Family Investment - Great Price, Strong Upside Investor-ready property featuring 7 REHABBED total units: SIX spacious 3-BEDROOM APARTMENTS and one 2-BEDROOM garden unit. This is one of the few 6-7 unit properties available in this price range - and it's priced to sell! With solid rental demand, large unit layouts, and value-add potential, this asset is ideal for both seasoned and first-time investors. Key Highlights: * 6 FULLY LEASED APARTMENTS +FINISHED BASEMENT ready to rent *Total Rent: $6,700/per month with upside potential *Cap Rate: 10.2 *Value-Add: Basement apartment offers immediate extra income *Location: Conveniently located minutes from Metra and Pace Bus Station. Easy commuter access - ideal for working tenants Surrounded by local schools and shopping.
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Finished
Interior
Fireplace N
Exterior
View Y/N true
Building
Structure Type Brick
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2600 S. Michigan Ave., STE 102, Chicago, IL, 60616, United States