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$ 675,000
Est. payment | /mo
$ 675,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12606295
Year Built 1909
Annual Tax Amount $15,997
Tax Year 2024
Lot Dimensions 50X125
Property Sub-Type Mixed Use
Property Description
Excellent investment opportunity in the New City area! This mixed-use property offers strong income potential with 8 residential units plus 1 storefront, providing multiple streams of revenue. The building features a desirable unit mix, including two 4-bedroom units, one 5-bedroom unit, one 3-bedroom unit, and four 2-bedroom units, appealing to a wide range of tenants. Most apartments have been updated, and each unit is equipped with separate heat and electric, helping to reduce owner expenses and simplify management. The storefront is currently vacant, creating a great opportunity for an owner-user to start a business or lease for additional income. The property is well-maintained and currently occupied by long-term tenants, with rents below market value, offering significant upside potential for increased cash flow. No leases in place provide added flexibility for future plans. Conveniently located near major streets, public transportation, and local amenities. A solid opportunity for investors looking to build equity and maximize returns in a growing area. *FULL UNFINISHED BASEMENT*
Location
State IL
County Cook
Area Chi - New City
Zoning MULTI
Interior
Cooling None
Fireplace N
Building
Dwelling Type Mixed Use
Structure Type Brick
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Listed by Maria Castillo of RE/MAX Mi Casa
Nearby Locations
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