REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 975,000
Est. payment | /mo
4,900 SqFt
$ 975,000
Est. payment | /mo
4,900 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 4,900 sqft
Price per Sqft $198
MLS Listing ID 12175266
Year Built 1969
Annual Tax Amount $7,032
Tax Year 2023
Lot Size 3,049 Sqft
Lot Dimensions 50X114
Property Description
Well-maintained 6-unit multi-family property, located in Chicago's desirable Clearing neighborhood. The building features a mix of three 2-bedroom/1-bath and three 1-bedroom/1-bath units, occupied by long-term tenants paying under market rates. The property includes five parking spaces behind the building and coin-operated laundry. Situated in Clearing, a quiet and friendly area known for its proximity to Midway Airport, major highways, parks, and schools, this location ensures steady tenant demand. At the asking price and with rents adjusted to market levels, the property will generate over a 7% cap rate without the need for improvements. Offering Memorandum available upon request.
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
Utilities Available Sanitary Sewer, Water-Municipal
View Y/N true
Building
Structure Type Brick
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Listed by Matt Laricy • Americorp, Ltd
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "