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$ 1,075,000
Est. payment | /mo
5,200 SqFt
$ 1,075,000
Est. payment | /mo
5,200 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 5,200 sqft
Price per Sqft $206
MLS Listing ID 12343721
Year Built 1925
Annual Tax Amount $8,680
Tax Year 2023
Lot Dimensions .06
Property Sub-Type Multi Family 5+
Property Description
This classic Chicago brick building offers a blend of historic charm and modern updates, making it an attractive investment with significant upside potential. The property features a diverse unit mix, including spacious one- and two-bedroom apartments, along with a legally recognized studio garden unit. With annual gross rental income below market value, investors have a unique opportunity to capitalize on immediate income growth. Each unit boasts generous floor plans with ample natural light, while the building itself offers a range of conveniences, including secure entry, shared outdoor space, and on-site laundry facilities. On-street parking is readily available, and there is room for additional enhancements to further increase the property's appeal. By updating interiors with modern finishes, stainless steel appliances, and upgraded flooring, investors can attract higher-paying tenants and maximize rental income.
Location
State IL
County Cook
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
View Y/N true
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Listed by Stephen Rachman • Marcus & Millichap Chicago Apartment Brokers
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "