$975,000
$1,000,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
9,216 SqFt
SOLD DATE : 09/30/2022
Key Details
Sold Price $975,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 9,216 sqft
Price per Sqft $105
MLS Listing ID 11452426
Sold Date 09/30/22
Maintenance Fees $3,306
Year Built 1928
Annual Tax Amount $16,441
Tax Year 2020
Lot Dimensions 60X126
Property Sub-Type Multi Family 5+
Property Description
Excellent investment opportunity in fully-occupied, vintage 6 unit in Chicago's West Ridge / West Rogers Park community near buses, shopping, restaurants, schools, and more. All units identical layout: large 3 bed / 1 bath with formal dining room and large living room; original hardwood floors throughout. Units have varying degree of updates including kitchen and baths. Building updates include roof (est. 2020), vinyl windows (est. 2012), porch (est. 2012), new concrete in basement stairwell. 4 garage space spots and 2 exterior parking pad spots all utilized by tenants. Two large basements include tenant storage, mechanicals (boiler and hot water tank) and coin laundry for additional income. Landlord pays heat, water, scavenger. Opportunity to increase rents and NOI / cap. Most current lease i $1680/mo. Several tenants at below market rents; most on mtm.
Location
State IL
County Cook
Area Chi - West Ridge
Zoning MULTI
Interior
Fireplace N
Building
Level or Stories 3
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Bought with Mohammed Iftikhar • Guidance Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "