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$ 699,000
Est. payment | /mo
11,340 SqFt
$ 699,000
Est. payment | /mo
11,340 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 11,340 sqft
Price per Sqft $61
MLS Listing ID 12746676
Year Built 1926
Annual Tax Amount $11,088
Tax Year 2025
Lot Dimensions 30X126
Property Sub-Type Multi Family 5+
Property Description
If turnkey cash flow is what you need, this solid investment has it! This 8-unit building is fully leased and generates a strong cash flow of $9,350 per month, which amounts to $112,200 annually. The low overhead costs are due to low taxes and tenant-paid utilities. The building features a clean basement with a coin laundry facility. It has been substantially updated and well-maintained, as evident from the pictures. This is a rare opportunity for an investor seeking a reliable and consistent return on investment. The building is located near Western Avenue and offers great workforce housing. It is surrounded by blocks of single-family brick bungalows. This is an ideal investment opportunity for an investor who wants a solid and consistent ROI. The building is investor-owned and professionally managed, making it an easy investment. Unit 8, the corner storefront, is currently leased for $1,500 per month.
Location
State IL
County Cook
Area Chi - Chicago Lawn
Interior
Cooling None
Fireplace N
Building
Dwelling Type Multi Family 5+
Water Municipal Water
Structure Type Brick
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Wayne Beals of Exit Strategy Realty / EMA Management
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "