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$ 900,000
Est. payment | /mo
$ 900,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12789421
Maintenance Fees $1,500
Year Built 1948
Annual Tax Amount $15,438
Tax Year 2025
Lot Dimensions 33x80
Property Sub-Type Multi Family 5+
Property Description
6-flat building located at 7516.5 N Ridge Blvd in Chicago's West Ridge neighborhood. The property consists entirely of two-bedroom, one-bathroom units, with half of the apartments already renovated, featuring updated kitchens and bathrooms. The successful rent increases achieved through these renovations provide a new investor with a proven value-add strategy and the opportunity to further enhance rental income through continued unit improvements. The building is part of a seven-building complex, offering investors the benefits of an established multifamily community. Ownership within the complex proportionately shares responsibilities for common walkways, parking, and water expenses, providing operational efficiencies and a streamlined ownership structure.
Location
State IL
County Cook
Area Chi - West Ridge
Zoning MULTI
Interior
Cooling None
Fireplace N
Building
Dwelling Type Multi Family 5+
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Listed by Tyler Weekes of Star Realty & Management
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