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Listed by Michael Daileyof Westward360 RM
$1,250,000
Est. payment /mo
5,200 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 5,200 sqft
Price per Sqft $240
MLS Listing ID 12515622
Year Built 1925
Annual Tax Amount $8,680
Tax Year 2023
Lot Dimensions .06
Property Sub-Type Multi Family 5+
Property Description
Great income earner in quickly up and coming East Garfield Park. Lots of high-end new construction and renovations going on in the area make this a shrewd investment. Professionally managed, solid brick building with 7 units. Great mix of 2 and 1 bed units along with a spacious garden unit to cap it off. 5 of the 7 units have had significant upgrades and rent has increased with each new tenant. Tenant quality is high as management company requires rigorous screening for all applicants including credit, criminal background checks, income verification and current/former landlord reference. Spacious units include really good bedroom sizes and lots of natural light that long term tenants covet. Easy street parking, laundry in the building and very well kept common areas also help with tenant retention. This is the kind of building that can grow as neighborhood rents and values continue to climb by continuing to update finishes to appeal to higher value tenants.
Location
State IL
County Cook
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
View Y/N true
Others
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Joanna Lewkowicz
Designated Managing Broker | Owner | 471.018027 471018027
+1(708) 226-4848 | joanna@boutiquehomerealty.com