For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $495,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12061071
Sold Date 10/25/24
Bedrooms 8
Year Built 1964
Annual Tax Amount $2,673
Tax Year 2022
Lot Size 3,049 Sqft
Lot Dimensions 3205
Property Description
This investment opportunity presents a well-maintained all-brick 4-flat building generating $60k in annual rental income from Section-8 tenants. Each of the four 2-bedroom, 1-bathroom units includes a separate basement for tenant storage and washer/dryer hookups. With low property taxes and tenants responsible for utilities, the property offers immediate returns and long-term growth potential. It's turnkey, suitable for investors at any experience level. FHA loan potential for owner occupied investor with 3.5% down payment.
Location
State IL
County Cook
Area Chi - Austin
Rooms
Basement Full
Interior
Heating Natural Gas
Fireplace N
Exterior
Community Features Street Lights, Street Paved
Waterfront false
Building
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Annette Shelton • Dream Town Real Estate
GET MORE INFORMATION