$307,000
$339,900
9.7%For more information regarding the value of a property, please contact us for a free consultation.
3,049 Sqft Lot
SOLD DATE : 04/25/2024
Key Details
Sold Price $307,000
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11978337
Sold Date 04/25/24
Year Built 1974
Annual Tax Amount $15,148
Tax Year 2021
Lot Size 3,049 Sqft
Lot Dimensions 6527
Property Description
Step right into cash-flow in this well maintained 8-unit multi-family investment. The building features 8 studio apartments, each including their own hot water tank and gas furnace. 8 parking spaces in the back of the building. Current CAP rate with below market rents is 8.73% and with raising rents to market rent the projected CAP rate is 9.65%. Property located in a residential area close to shopping and South Halsted Street. Vacant units and common areas will be available to show on initial walkthrough.
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
View Y/N true
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Bought with Javier Rivera • Results Realty ERA Powered
"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