Bought with Rutul Parekh of ARNI Realty Incorporated
$2,395,000
$2,395,000
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13,568 SqFt
SOLD DATE : 10/30/2025
Key Details
Sold Price $2,395,000
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 13,568 sqft
Price per Sqft $176
MLS Listing ID 12460277
Sold Date 10/30/25
Year Built 1974
Annual Tax Amount $30,888
Tax Year 2024
Lot Size 0.770 Acres
Lot Dimensions 176.67 X 138.38
Property Sub-Type Multi Family 5+
Property Description
16 unit multifamily building with 15 units offering a 2 bed/1 bath arrangement and 1 unit offering a 1 bed/1 bath arrangement. On-site coin operated laundry offering 2 washers/2 dryers leased by WASH with six years remaining on lease agreement. All units have been updated in past five years with new shower surrounds, flooring, lighting, window treatments, appliances, air conditioners, and most heating elements replaced. Parking lot replaced in 2019. Mansard Roof replaced in 2020. Fencing around property replaced in 2023. All residents receive two parking stalls reserved (except from one bedroom). Residents only responsible for electric bill as water bill is included and no gas services property. Building backs to Gilman bike path. Minutes from I88 expressway and new casino being built next to Premium Outlet Mall. All apartments on 12-24 month leases at this time.
Location
State IL
County Kane
Zoning MULTI
Rooms
Basement None
Interior
Cooling Window Unit(s)
Fireplace Y
Exterior
View Y/N true
Roof Type Composition
Building
Foundation Concrete Perimeter
Structure Type Brick,Wood,Shingle Siding
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2600 S. Michigan Avenue, Suite 102, Chicago, IL, 60616, United States