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Listed by Hector Garciaof RE/MAX Partners
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Est. payment /mo
15,825 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 15,825 sqft
MLS Listing ID 12784389
Year Built 1928
Annual Tax Amount $20,007
Tax Year 2025
Lot Size 9,147 Sqft
Lot Dimensions 75 X 125
Property Sub-Type Multi Family 5+
Property Description
Knock, knock. Who's there? Opportunity. Fully rented (with a waiting list also) brick, 18-unit multifamily building offers investors a very attractive cap rate! Featuring 18 spacious one-bedroom, one-bath units, each offering hardwood floors throughout and full wood cabinet kitchens and ceramic tiled baths. New owner can modernize and increase rental income to market levels. Consider converting six of the existing units into two-bedroom layouts for even more additional income, subject to applicable approvals. Recent improvements include a new boiler, a water heater less than five years old, and significant upgrades to the rear porch. The property also offers ample street parking, adding convenience and appeal for tenants. Ideally situated directly across from Cook Elementary School, just one block north of Foster Park and only three blocks from the bustling Ashland Avenue retail corridor. This property benefits from a convenient location near shopping, dining, parks, and neighborhood amenities. Solid construction, full occupancy, recent upgrades, and substantial upside potential makes this is a 'must see' for any savvy investor. See the rest, buy the best!
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Unfinished
Interior
Cooling None
Fireplace Y
Exterior
View Y/N true
Roof Type Membrane,Rubber
Building
Foundation Concrete Perimeter
Structure Type Brick
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Joanna Lewkowicz
Designated Managing Broker | Owner 471.018027471018027
+1(708) 963-0011 | joanna@boutiquehomerealty.com