Bought with Fahmida Ahmed of Fathom Realty IL
For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $650,000
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11414940
Sold Date 06/23/22
Year Built 1978
Annual Tax Amount $16,929
Tax Year 2020
Lot Dimensions 90X128
Property Sub-Type Multi Family 5+
Property Description
A prime turnkey investment opportunity is now available in Chicago Ridge. Longtime owner is consolidating his real estate portfolio and offering this 6 unit building up for sale. This is fully occupied building with long term tenants; each unit size features 2 bedrooms and 1 full bath; radiant heat is provided throughout the building and new backup boiler is onsite ready to be installed. Other updates include a roof that was completed in 2016 and a parking lot that was repaved in 2014. Cosmetic upgrades do portray epoxy stairs in front of the building and a prestige landscaping. Each of the 6 units has an additional storage unit located inside the lower levels of the building. Current rental rates are below market; hence additional profits are readily attainable. Potential 8 unit conversion dependent on City Approval to transform additional storage to apartments.
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling Window Unit(s)
Fireplace Y
Exterior
View Y/N true
Roof Type Composition
Building
Foundation Concrete Perimeter
Structure Type Brick
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
GET MORE INFORMATION
Designated Managing Broker | Owner | 471.018027 471018027
+1(708) 226-4848 | joanna@boutiquehomerealty.com