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$ 999,000
Est. payment | /mo
15,825 SqFt
$ 999,000
Est. payment | /mo
15,825 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 15,825 sqft
Price per Sqft $63
MLS Listing ID 12572161
Maintenance Fees $5,400
Year Built 1928
Annual Tax Amount $18,352
Tax Year 2023
Lot Size 9,147 Sqft
Lot Dimensions 75 X 125
Property Sub-Type Multi Family 5+
Property Description
This solid brick 18-unit multifamily building presents an exceptional value-add opportunity. Currently, the building is fully occupied. Each unit is a spacious one-bedroom, one-bath layout featuring hardwood floors throughout and classic vintage kitchens and baths-ready for thoughtful updates that can unlock strong rental upside. Investors will appreciate the potential to modernize interiors, increase rents to market levels, and explore the possibility of converting six units into two-bedroom layouts for even greater income growth. It has a new boiler, the water tank is less than 5 yrs old and significant improvements were made to the back porch. The property offers ample off-street parking and is ideally situated directly across from Cook Elementary School, just one block north of Foster Park, and three blocks from the vibrant retail corridor along Ashland Avenue-an attractive location for tenants seeking convenience and community.
Location
State IL
County Cook
Area Chi - Auburn Gresham
Zoning MULTI
Rooms
Basement Unfinished
Interior
Cooling None
Fireplace N
Exterior
Roof Type Membrane,Rubber
Building
Dwelling Type Multi Family 5+
Structure Type Brick
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Listed by Kuwana Norman of Purvey Properties, Inc.
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