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Listed by Alexander Summersof Triton Realty Group LLC
$1,825,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12624705
Year Built 1909
Annual Tax Amount $19,110
Tax Year 2024
Lot Dimensions 32 X 125
Property Sub-Type Multi Family 5+
Property Description
Legal 9-unit brick multifamily building in the heart of vibrant Logan Square, one of Chicago's most sought-after neighborhoods. This property offers a compelling blend of stabilized income and value-add potential, making it an ideal acquisition for savvy investors. With eight fully rehabbed units generating strong current performance and a ninth unit ready for redevelopment, the building positions the next owner for immediate cash flow and future upside. The building is comprised of (2) 3-bedroom / 1-bathroom apartments and (6) 2- bedroom/ 1-bathroom and has been maintained by professional management. The eight existing units were rehabbed in 2018, boasting modern finishes such as white shaker-style cabinets, quartz countertops, stainless steel appliances, gleaming hardwood floors, and updated bathrooms, while the ninth unit presents a blank canvas for renovation to match the others and boost rental income. Building located in ADU zone and has basement space for 10th unit as well.
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
View Y/N true
Building
Structure Type Brick
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Joanna Lewkowicz
Designated Managing Broker | Owner | 471.018027 471018027
+1(708) 963-0011 | joanna@boutiquehomerealty.com