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Listed by Michael Scanlonof eXp Realty
$1,100,000
Est. payment /mo
6,225 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 6,225 sqft
Price per Sqft $176
MLS Listing ID 12591459
Year Built 1904
Annual Tax Amount $14,168
Tax Year 2024
Lot Size 3,049 Sqft
Lot Dimensions 25X120
Property Sub-Type Multi Family 5+
Property Description
Large brick 6-unit overlooking California Boulevard. In place 7% CAP rate with rental upside. Plus potential to add 2 more garden units with existing city approved plans conveyed in price. Great corner building with 3 full floor units, plus a coach house with 3 additional units. The property was gut renovated in 2017 and still has a great value add opportunity through bringing rents to market. The modern units feature granite, hardwood, central forced air HVAC, dishwashers, in-unit W/D and spacious bedrooms and bathrooms. Long time professional property management is willing to stay in place making this a true turn key investment in a rapidly appreciating sub market.
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Unfinished, Exterior Entry
Interior
Cooling Central Air, Central Individual
Fireplace Y
Exterior
Utilities Available Sewer Connected, Water Available
View Y/N true
Roof Type Composition,Rubber
Building
Foundation Block, Brick/Mortar
Water Municipal Water
Structure Type Brick,Stone
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Michael Scanlon
Team leader | License ID: 475.188240
Team leader License ID: 475.188240