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Sara Latta-Young

saralattayoung@gmail.com +1(815) 685-5090

$ 959,000

Est. payment | -/mo

6,716 SqFt

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$ 959,000

Est. payment | -/mo

Save

6,716 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 6,716 sqft

Price per Sqft $142

MLS Listing ID 12640176

Maintenance Fees $1,000

Year Built 1970

Annual Tax Amount $15,676

Tax Year 2024

Lot Dimensions 44 X 124

Property Sub-Type Multi Family 5+

Property Description

Price Reduced - Turnkey 6-Unit Investment Opportunity Turnkey 6-unit investment opportunity in the highly desirable Belmont Cragin neighborhood. This well-maintained 1970s yellow brick building features a strong unit mix of five 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, all above grade with spacious layouts and eat-in kitchens. Many units have been updated over time, reflecting consistent ownership and pride of maintenance, with no deferred maintenance. The property offers operational efficiency with separate furnaces for first-floor units and a shared system for upper units, helping manage heating costs effectively. Additionally, a leased coin-operated washer and dryer provides supplemental income. Interior features include hardwood floors on upper levels, updated bathrooms in most units, and strong long-term tenancy, supporting stable in-place cash flow. Major improvements include a water heater (~3 years old) and a roof estimated at 10-12 years old. The property sits on a generously sized lot with 5 off-alley parking spaces, enhancing tenant appeal and occupancy stability. Ideally located near Diversey, Cicero, and Fullerton, with easy access to CTA bus routes, Metra, and I-90/94. Minutes from Brickyard Mall, grocery stores, dining, and retail, with Riis Park nearby offering extensive recreational amenities. Strong Walk Score of 83 with solid transit and bike accessibility. Investment Highlights Price Reduced - Attractive entry point for investors Strong in-place income with clear upside potential Opportunity to increase rents to market levels and enhance NOI Efficient heating setup (separate + shared systems) Additional income from on-site laundry Ideal for investors seeking immediate cash flow + long-term appreciation Financials, rent roll, and pro forma projections available upon request.

Location

State IL

County Cook

Area Chi - Belmont Cragin

Zoning MULTI

Rooms

Basement None

Interior

Cooling Wall Sleeve

Fireplace N

Exterior

Roof Type Tar/Gravel

Building

Dwelling Type Multi Family 5+

Structure Type Brick,Concrete

Listed by Randy Ghanayem of Coldwell Banker Real Estate Group

NEARBY PROPERTIES

+1(815) 685-5090

saralattayoung@gmail.com

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5007 W Diversey AVE Chicago, IL 60639