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Michael Scanlon

michael.scanlon@exprealty.com +1(773) 630-9205

Listed by Michael Scanlonof eXp Realty

Est. payment - /mo

6 Beds

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12684000

Style A-Frame

Bedrooms 6

Year Built 1904

Annual Tax Amount $5,263

Tax Year 2024

Lot Dimensions 50X150

Property Sub-Type Two to Four Units

Property Description

ATTENTION INVESTORS: TURNKEY MULTI-FAMILY WITH MAJOR CASHFLOW! This fully occupied 4-unit investment property in Chicago Heights is a certified cash cow, boasting a phenomenal 11.5% Cap Rate (at a conservative 35% expense ratio) and generating a powerful $5,650 in total monthly gross rent. The unique, high-yield layout features 6 bedrooms and 4 bathrooms in total, split between a solid 3-unit main building and a highly desirable, private 1-unit coach house situated above the rear garage. Every single unit has been newly renovated with crisp, modern finishes and a clean look that commands top-tier area rents: Unit 1 is a massive 3-bed/1-bath rented at $1,800/mo, Unit 2F is a 1-bed/1-bath at $1,300/mo, Unit 2R is a 1-bed/1-bath at $1,100/mo, and the ultra-private Coach House is a 1-bed/1-bath at $1,450/mo. With all tenants paying their own separate electric and gas utilities, this property minimizes landlord overhead and provides an unbeatable, immediate addition to your portfolio.

Location

State IL

County Cook

Community Curbs, Sidewalks, Street Lights, Street Paved

Zoning MULTI

Rooms

Basement Unfinished, Full

Interior

Heating Natural Gas, Forced Air

Fireplace N

Exterior

Garage Spaces 2.0

View Y/N true

Roof Type Asphalt

Building

Lot Description Landscaped

Sewer Storm Sewer

Water Lake Michigan

Structure Type Aluminum Siding

New Construction false

Schools

School District 170, 170, 206

Others

Ownership Fee Simple

Special Listing Condition None

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Michael Scanlon

+1(773) 630-9205

Team leader | License ID: 475.188240

Team leader License ID: 475.188240

100 W 19th ST Chicago Heights, IL 60411

Michael Scanlon

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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