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$ 1,200,000
Est. payment | /mo
5,904 SqFt
$ 1,200,000
Est. payment | /mo
5,904 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,904 sqft
Price per Sqft $203
MLS Listing ID 12506571
Year Built 1893
Annual Tax Amount $11,665
Tax Year 2023
Lot Dimensions 24X125
Property Sub-Type Mixed Use
Property Description
This fully renovated multifamily property presents a turn-key investment opportunity with full occupancy and strong in-place cash flow. The attractive brick building features modernized layouts with open floor plans, newly updated kitchens, and contemporary bathrooms, appealing to today's renters seeking both style and functionality. The renovations enhance the property's long-term durability while reducing near-term capital needs, offering investors peace of mind and stable operations from day one. Adding to the upside, the property includes a vacant coach house located above the rear garage. This space is primed for renovation and conversion into an additional rental unit, providing a clear path for increased income and property value. With its blend of stabilized tenancy and future growth potential, this asset offers investors a rare opportunity to acquire a well-positioned property that combines immediate returns with long-term upside.
Location
State IL
County Cook
Area Chi - Lower West Side
Zoning COMMR
Interior
Cooling Window Unit(s)
Fireplace N
Building
Dwelling Type Mixed Use
Structure Type Brick
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Listed by Angelo Labriola of Sperry Van Ness
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Lenny Feil
Broker-Owner | Lic# 471005412