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Key Details
Sold Price $330,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11891897
Sold Date 01/11/24
Bedrooms 7
Year Built 1972
Annual Tax Amount $12,649
Tax Year 2021
Lot Size 8,712 Sqft
Lot Dimensions 8986
Property Description
Welcome to this FULLY OCCUPIED, 4-Unit, brick investment opportunity in the heart of Richton Park, IL. This well-maintained brick building currently presents an impressive 7.6% cap rate, with the potential to soar to a lucrative 12% cap ratio by enforcing current market rents.The building consists of (3) Two bedroom and 1 bath units, and (1) One bedroom and 1 bath unit. Each unit includes individual HVAC system (Tenant responsibility). This unit has been meticulously maintained and updated throughout the years of current ownership. This building sits at the end of the cul de sac which offer privacy and parking for 8 cars. Located minutes away from the Metra station, shopping, restaurants and much more that create a strong rental demand for this building
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement None
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
Waterfront false
View Y/N true
Roof Type Asphalt
Building
Lot Description Cul-De-Sac
Foundation Concrete Perimeter
Sewer Public Sewer
Water Lake Michigan, Public
New Construction false
Schools
High Schools Fine Arts And Communications Cam
School District 159, 159, 227
Others
Ownership Fee Simple
Special Listing Condition None
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with George Sierra • Golden Homes Real Estate Inc.
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Greg Cirone
Managing Broker | License ID: 471003959
Managing Broker License ID: 471003959