$1,200,000
$1,300,000
7.7%For more information regarding the value of a property, please contact us for a free consultation.
3,049 Sqft Lot
SOLD DATE : 08/17/2022
Key Details
Sold Price $1,200,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11402422
Sold Date 08/17/22
Year Built 1880
Annual Tax Amount $8,926
Tax Year 2020
Lot Size 3,049 Sqft
Lot Dimensions 25 X 125
Property Sub-Type Multi Family 5+
Property Description
Newly renovated brick 7-unit apartment building with potential to duplex down the front unit for additional income. Below market rents due to Covid, on-site laundry and storage. All units feature condo-quality finishes with SS Appliances, Quartz, HVAC and storage. Great mix of 1, 2 & 3 bedroom units. The coach house features a large 1,300 SF +/- 3 bedroom/2 bath unit that is way below market rent due to COVID. Great stabilized asset with opportunity to increase below-market rents for future value-add. Around the corner from the Damen Street Pink Line stop. Can be combined with 1848 S Blue Island Ave and 1850-52 S Blue Island Ave.
Location
State IL
County Cook
Area Chi - Lower West Side
Zoning MULTI
Interior
Cooling Central Individual
Fireplace N
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Bought with Angelo Labriola of Sperry Van Ness
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "