$393,000
$393,000
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3,744 SqFt
SOLD DATE : 02/11/2022
Key Details
Sold Price $393,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 3,744 sqft
Price per Sqft $104
MLS Listing ID 11249598
Sold Date 02/11/22
Maintenance Fees $609
Year Built 1888
Annual Tax Amount $13,213
Tax Year 2020
Lot Dimensions 95X140
Property Sub-Type Multi Family 5+
Property Description
Long time owners looking to retire. 1st time this property has ever been offered for sale. This building is a money maker and looking for a new investor to continue its solid rental income history. The building holds 5 units that are well maintained and rented. There is an additional 5 garage spaces that are rented out to maximize your rental income. This property brings in $68,400 in rents a year. Many updates throughout the building over the years like roof in 2009, most of the windows have been replaced, fresh paint, good appliances, updated cabinets, lighting, bathrooms. This building is located in a quiet residential neighborhood. Cap Rate is sitting over 11%. This place is a property owner's dream. This can be bundle with MLS# 1123829: 2452 Indiana Ave. It is across the street and has the same owners.
Location
State IL
County Cook
Area Lansing
Zoning MULTI
Interior
Fireplace N
Exterior
Utilities Available Sewer-Storm Available, Water-Municipal
Roof Type Fiberglass
Building
Level or Stories 2
Structure Type Wood Frame
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Bought with Jessica Westerhoff • Real People Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "