$450,000
$425,000
5.9%For more information regarding the value of a property, please contact us for a free consultation.
12 Beds
5 Baths
SOLD DATE : 07/14/2022
Key Details
Sold Price $450,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11425035
Sold Date 07/14/22
Bedrooms 12
Year Built 1920
Annual Tax Amount $4,020
Tax Year 2020
Lot Dimensions 32X125
Property Sub-Type Two to Four Units
Property Description
Cash cow! Legal Brick 4 unit with non-conforming 5th unit in the basement. Large units! Excellent unit mix. Three 2 Bed Units & two 3 Bed Units. The Garden unit is also a 2 Bed and rents for $990. Each unit above ground has a lovely sunroom. The one vacant unit has been updated with stainless steel appliances, updated kitchen & bathroom, and updated sun-room facing north. All long term tenants (over 9+ years all of them). Two Section 8 tenants, two market tenants. Leases coming up for renewal soon and all rents have opportunity to be increased. Tenants pay gas and electricity bills. Recent improvements to the building include newer roof, tuck-pointing, new furnace and hot water tanks within last 5 years. Coin-operated washer and dryer room in the basement area. Lots more room in the basement for potential tenant storage or vending machine. Fenced in back yard. No garage. Excellent location close to highways and transportation.
Location
State IL
County Cook
Area Chi - Greater Grand Crossing
Rooms
Basement Full
Interior
Heating Natural Gas
Fireplace N
Exterior
Exterior Feature Porch
Roof Type Asphalt
Building
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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Bought with Israel Hernandez • RE/MAX 10 Lincoln Park
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "