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$ 950,000
Est. payment | /mo
29,760 SqFt
$ 950,000
Est. payment | /mo
29,760 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 29,760 sqft
Price per Sqft $31
MLS Listing ID 12767352
Maintenance Fees $6,000
Year Built 1929
Annual Tax Amount $30,955
Tax Year 2024
Lot Size 7,405 Sqft
Lot Dimensions 29760
Property Sub-Type Multi Family 5+
Property Description
Prime Value-Add investment opportunity in nice South Shore neighborhood. 4.95 Gross Rent Multiplier, 10.5 CAP. 12-unit m/u property, comprised of (9) 2 Bedroom/1Bath Units, and (3) 3 Bedroom/1 Bath units. Two 6-unit brick buildings, with center entrances front and back, with rear parking. Each unit with large bright living room, 2 or 3 full bedrooms, dining/family room, and separate kitchen with pantry and leading to back enclosed porch. Over half of the apartments have been completely remodeled to leverage higher market rents. New owner can complete rehab of additional units and leverage appreciation of market rents, or easily convert all remaining 2 bedrooms into 3 bedrooms. The opportunity is here to step into cash flow on day one and to also improve overall performance through leasing and management. Conveniently located a short distance from public transportation, including Metra, beautiful Lake Michigan, and surrounded by numerous grocery stores and shops. This multifamily opportunity offers immediate value-add potential from the moment of acquisition.
Location
State IL
County Cook
Area Chi - South Shore
Zoning MULTI
Rooms
Basement Unfinished
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Multi Family 5+
Structure Type Brick
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Tommy Choi of Keller Williams ONEChicago
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