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Key Details
Sold Price $850,000
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 5,292 sqft
Price per Sqft $160
MLS Listing ID 12042011
Sold Date 10/11/24
Year Built 1967
Annual Tax Amount $17,812
Tax Year 2022
Lot Size 5,662 Sqft
Lot Dimensions 50 X 120
Property Description
Nestled in the heart of the coveted Rosemont neighborhood, this property presents a rare opportunity to own a six-unit brick flat, with full occupancy and a steady stream of rental income. Despite its prime location, rental rates are low, offering the potential for significant upside in income generation. Moreover, with tenants responsible for their own heat expenses, operational costs are minimized, maximizing profitability. Convenience is key with an on-site laundry room, providing added value and convenience for tenants. Additionally, the presence of six dedicated parking spaces ensures hassle-free parking for residents. Whether you're a seasoned investor seeking to expand your portfolio or a newcomer looking to capitalize on the thriving rental market, this offering is not to be missed.
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling Wall Sleeve
Fireplace Y
Exterior
Utilities Available Sanitary Sewer
View Y/N true
Roof Type Membrane
Building
Foundation Concrete Perimeter
Structure Type Brick
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Bought with Non Member • NON MEMBER
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Greg Cirone
Managing Broker | License ID: 471003959
Managing Broker License ID: 471003959