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Key Details
Sold Price $830,000
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12026693
Sold Date 09/16/24
Year Built 1967
Annual Tax Amount $18,343
Tax Year 2022
Lot Dimensions 7000
Property Description
Exceptional investment opportunity: This 6-unit property is in impeccable condition in both the interior and exterior. The building has been in the hands and management of the original owner and has been maintained extremely well for over 50 years. This is a stable investment, with loyal tenants, some with over 15+ years in the building. Rents are below market and have significant upside. Some of the major improvements done over the years include new asphalt paving in 2023, new roof in 2010, new attic insulation in 2020, new hot water heater in 2018, hallway and inside staircase remodel in 2021, which includes new carpet, new paint and decorative wall paneling. Additionally, the current owner has been heavily involved in the city's crime prevention measures and has gone above and beyond to ensure tenant and building safety. This includes the installation of an intercom system and double bolt locking system on exterior doors. This is truly a rare opportunity to own a stable investment in one of the most desired Chicago land area suburbs. Inquire for more information on rent roll, financials and to schedule a tour with 48-72-hour notice.
Location
State IL
County Cook
Interior
Fireplace N
Exterior
View Y/N true
Roof Type Composition
Building
Structure Type Brick
Others
HOA Fee Include None
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Peter Deja • Cross County Realty Inc.
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Greg Cirone
Managing Broker | License ID: 471003959
Managing Broker License ID: 471003959