Chicago, IL 60651,5635 W Iowa ST
Chicago, IL 60651,5635 W Iowa ST
Chicago, IL 60651,5635 W Iowa ST
Chicago, IL 60651,5635 W Iowa ST
Chicago, IL 60651,5635 W Iowa ST
Chicago, IL 60651,5635 W Iowa ST
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$770,000

$770,000

Est.Price: ?

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Est. payment /mo

SOLD DATE : 11/15/2023

Key Details

Sold Price $770,000

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 11788199

Sold Date 11/15/23

Maintenance Fees $9,600

Year Built 1915

Annual Tax Amount $9,338

Tax Year 2021

Lot Dimensions 50X130

Property Sub-Type Multi Family 5+

Property Description

Welcome to this exceptional opportunity to own a charming brick 8-unit property situated on a highly desirable block. This well-maintained building boasts an impressive array of features that make it a solid 10% cap investment for any discerning buyer. Comprising a total of eight 2-bedroom and 1-bathroom units, this property offers spacious and comfortable living spaces for tenants. The units have been meticulously cared for, showcasing the pride and dedication of the current owner. The interiors feature beautiful hardwood floors throughout, creating a warm and inviting atmosphere. The gas forced air system ensures efficient heating, while the separate utilities provide convenience and ease of management. All occupied units are occupied by CHA tenants. This arrangement guarantees a consistent and reliable monthly income. The CHA program provides secure rental payments and a steady source of income for property owners. One of the standout features of this property is the dedicated and reliable management team that is willing to stay on board for the new owner. This continuity ensures a seamless transition and peace of mind for those looking to invest in this property. Situated on a great block, this property enjoys a convenient and sought-after location. Residents have easy access to amenities, including shopping centers, restaurants, parks, and public transportation options. The surrounding neighborhood is known for its vibrant community and friendly atmosphere. Don't miss out on this incredible opportunity to acquire a well-maintained 8-unit brick property with stable CHA tenants and a strong rental history. Whether you're an experienced investor or a first-time buyer, this property offers the perfect combination of stability and future prospects. Act quickly, as properties like this do not stay on the market for long. Schedule your showing today and seize the chance to own this fantastic investment property.

Location

State IL

County Cook

Area Chi - Austin

Zoning MULTI

Interior

Cooling None

Fireplace N

Building

Level or Stories 2

Structure Type Concrete

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Midwest Real Estate Data (MRED) IDX
Listed by Sagar Shah • YBRS Realty Inc.
Bought with Sandy Munoz • RE/MAX 10
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(312) 772-2820

csabu@allure.realestate

1941 N Elston Ave, Chicago, IL, 60642, USA

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