$620,000
$660,000
6.1%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
SOLD DATE : 06/16/2025
Key Details
Sold Price $620,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12334196
Sold Date 06/16/25
Bedrooms 8
Year Built 1910
Annual Tax Amount $5,714
Tax Year 2023
Lot Dimensions 36X125
Property Sub-Type Two to Four Units
Property Description
Back on the Market - Buyer's Financing Fell Through! Here's your chance to own one of the few 4-unit buildings to hit the market in this area in nearly two years! This solid brick, turn-key 4-unit building sits on an oversized lot and is already producing strong, reliable cash flow. Each unit features 2 bedrooms and 1 bathroom, renting at 1,600/month. Three units are fully leased and generating steady income - the owner's unit is currently available, offering flexibility to move in, rent traditionally, or convert to a furnished Airbnb for even greater returns. Major rehab completed in 2020/2021 (with some permits) includes: * All new plumbing and electric * New water heaters, windows, kitchens, and appliances * Central A/C and heat throughout Additional improvements in 2025 include: * Roof work * Updated front and rear staircases The property also features a full basement with an in-place washer and dryer for tenant use and ample storage space. A gated parking pad in the backyard adds convenience and value. This building is truly turn-key, with no major work needed for years to come. It's already cash-flowing with three units - the fourth unit is pure profit waiting to be unlocked. Don't miss this rare investment opportunity in a high-demand area!
Location
State IL
County Cook
Rooms
Basement Unfinished, Full
Interior
Heating Natural Gas
Fireplace N
Exterior
View Y/N true
Building
Sewer Public Sewer
Water Lake Michigan
Structure Type Brick
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition Standard
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Rogelio Barrera • Coldwell Banker Realty
"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