$1,100,000
$1,149,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 07/28/2023
Key Details
Sold Price $1,100,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11778651
Sold Date 07/28/23
Maintenance Fees $750
Year Built 1890
Annual Tax Amount $13,595
Tax Year 2021
Lot Dimensions 37 X 125
Property Sub-Type Multi Family 5+
Property Description
2 Buildings totaling 7 units on a large 37' x 125' corner lot. The rear building is a large brick building consisting of 5 units, three 2 Bed/ 1 Bath units and two 1 Bed/1 Bath units. The front building consists of two full-floor units, approximately 1050 SF each floor and has a nice side yard and a rear patio area shared with the rear building. The front building is a frame structure with a remodeled unit with in-unit laundry and central HVAC. The top unit has a long-term tenant with below market rent. The rear building is a large brick building with a large 1,800 SF +/- full-floor unit on the third floor with a long-term tenant in place and way below market rent. It has central air and an open flor plan. Both second-floor units have been remodeled, and the first floor has another long-term tenant in place with below market rent and the second unit has been remodeled as well. A lot of value-add potential with four current long-term tenants with below market rents and 3 units that can be leased as-is or updated to capitalize on higher rents.
Location
State IL
County Cook
Area Chi - Bridgeport
Zoning MULTI
Interior
Cooling Central Air, Central Individual, Window Unit(s)
Fireplace N
Building
Level or Stories 3
Structure Type Brick, Wood Frame
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Bought with Qiuping Folino • Concentric Realty Inc.
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