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Listed by Ronald Branchof RLB Realty Group, Inc.
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Est. payment /mo
8,028 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 8,028 sqft
MLS Listing ID 12688777
Year Built 1912
Annual Tax Amount $3,165
Tax Year 2023
Lot Size 5,662 Sqft
Lot Dimensions 48' x 125'
Property Sub-Type Multi Family 5+
Property Description
Outstanding investment opportunity to acquire a well-maintained six-unit brick apartment building located on Chicago's historic Garfield Boulevard. This legal six-flat features six spacious 2-bedroom, 1-bath apartments comprising approximately 8,028 square feet of living space on a 6,000-square-foot lot. Each apartment offers generous room sizes, separate living and dining rooms, hardwood flooring and individual gas-forced air furnaces. Tenants pay their own heat, gas and electricity, providing attractive operating efficiency and reduced owner expenses. The property enjoys a strong rental history with long-term tenants and immediate income-producing potential. Current rents range from $1,000 to $1,150 per month, with additional upside through future rental adjustments. Numerous recent capital improvements enhance the property's value, including a new electrical service (2026), two new sump pumps (2026), repaired/replaced front porch lintels (2026), new basement flooring (2026), and a modified bitumen roof installed in approximately 2018 that is professionally inspected annually and maintained with a protective silver coating. Additional features include a spacious rear yard, five off-street parking spaces, full basement, and an excellent location with convenient access to CTA public transportation, Interstate 94 (Dan Ryan Expressway), Sherman Park, schools, shopping, restaurants, and Downtown Chicago. Whether expanding an investment portfolio or acquiring a stabilized multifamily asset with long-term appreciation potential, this property presents an exceptional opportunity in today's Chicago multifamily market.
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Unfinished, Exterior Entry
Interior
Cooling None
Fireplace N
Exterior
Utilities Available Water Available
View Y/N true
Building
Water Municipal Water
Structure Type Brick
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Joanna Lewkowicz
Designated Managing Broker | Owner | 471.018027 471018027
+1(708) 963-0011 | joanna@boutiquehomerealty.com