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$899,990
Est. payment /mo
4,592 SqFt
UPDATED:
11/20/2024 10:19 PM
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 4,592 sqft
Price per Sqft $195
MLS Listing ID 12146123
Maintenance Fees $2,000
Year Built 1953
Annual Tax Amount $6,863
Tax Year 2023
Lot Dimensions 4092 SQ FT.
Property Description
Don't let your investors or owner-occupied clients miss out on this one! Presenting a legal 5-unit building in the highly desirable West Ridge neighborhood in the city of Chicago. This meticulously maintained building has had the same owner since 1988, who has taken amazing care of it! His family occupied the entire building for more than half of the time of ownership. Copper pipes and newer electrical wiring. Newer windows throughout the building. Brand new 116 gallon water heater. Separate electric for each unit, so tenants pay for electric & cooking gas. The building contains four 2 bedroom 1 bath units, and one legal 1 bedroom 1 bath garden unit. Two of the units have nice balconies/patios in the back. Hardwood floors in all of the units. All units are occupied on a month-to-month basis, and all rents are below market value, leaving plenty of room to raise rents and increase cash flow! Current owner does not charge tenants extra for parking; 4 spaces in the back. Coin laundry provides additional income and convenience for your tenants. There is an extra full bathroom & two good-sized rooms w/doors and storage closets in the basement. This one won't last long, schedule your showing today!
Location
State IL
County Cook
Area Chi - West Ridge
Interior
Cooling Window Unit(s)
Fireplace N
Building
Dwelling Type Multi Family 5+
Level or Stories 2
Structure Type Brick
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Listed by Ramsin Benjamin • American International Realty