$1,299,000
9211 S Laflin Street Chicago, IL 60620
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$1,299,000
Est. payment /mo
UPDATED:
10/10/2024 02:14 PM
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 11987588
Year Built 1931
Annual Tax Amount $17,682
Tax Year 2022
Lot Dimensions 90X125
Property Description
Discover the perfect investment with this 15-unit brick property, currently bringing in 16,305/month in rents. This property features a desirable mix of two-bedroom, one-bedroom, and studio apartments, plus an adjacent parking lot for tenant use. Located on a desirable block, this property boasts spacious living spaces that cater to a wide range of tenants. Meticulously maintained, it demonstrates the owners' commitment to quality, with a gas forced air system for efficient heating and separate utilities to minimize landlord expenses. Situated in a safe, quiet area just 20 minutes from the loop, tenants enjoy proximity to amenities, including shopping, dining, parks, and public transport. Offering a mix of rehabbed, updated, and vintage units, this property presents a significant value-add opportunity through potential rent increases, further renovations, and additional income streams like paid parking. An exceptional chance for both seasoned investors and newcomers, this property promises stability and significant growth potential. May be purchased as a portfolio with 6221-6235 W Wabansia, Chicago, MLS#11984243.
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling None
Fireplace N
Exterior
Utilities Available Water-Municipal, Cable Available
View Y/N true
Building
Foundation Concrete Perimeter
Structure Type Brick
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Jason Marcordes • Landmark Property Management, Inc.
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Greg Cirone
Managing Broker | License ID: 471003959
Managing Broker License ID: 471003959