$307,000
$339,900
9.7%For more information regarding the value of a property, please contact us for a free consultation.
3,049 Sqft Lot
SOLD DATE : 04/25/2024
Key Details
Sold Price $307,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11978337
Sold Date 04/25/24
Maintenance Fees $3,426
Year Built 1974
Annual Tax Amount $15,148
Tax Year 2021
Lot Size 3,049 Sqft
Lot Dimensions 6527
Property Description
Step right into cash-flow in this well maintained 8-unit multi-family investment. The building features 8 studio apartments, each including their own hot water tank and gas furnace. 8 parking spaces in the back of the building. Current CAP rate with below market rents is 8.73% and with raising rents to market rent the projected CAP rate is 9.65%. Property located in a residential area close to shopping and South Halsted Street. Vacant units and common areas will be available to show on initial walkthrough.
Location
State IL
County Cook
Area Chicago Heights
Zoning MULTI
Interior
Cooling Window Unit(s)
Fireplace N
Building
Level or Stories 2
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Javier Rivera • Results Realty ERA Powered
GET MORE INFORMATION
REALTOR®