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Key Details
Sold Price $285,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10102828
Sold Date 12/06/18
Bedrooms 4
Year Built 1879
Annual Tax Amount $3,581
Tax Year 2016
Lot Size 3,049 Sqft
Lot Dimensions 25' X 125'
Property Sub-Type Two to Four Units
Property Description
Amazing opportunity for an investment property or even better for an owner occupied rental. One unit yearly rental income can cover mortgage payment and taxes if owner occupied. *For Sale As Is* 1st floor tenant is paying $1,350/month and has a lease in place until July 2019. 2nd floor tenant is paying $1,400/month and has a lease in place until September 2019 (2nd floor tenant has agreed to a clause in lease if building is sold, new owner has the option to terminate lease with 60 days notice). Potential Cap Rate ~7% (Email Listing agent for detailed estimate) Last rehabbed in 2015 this building is in great shape and has been well maintained by current owner. Close to the expressway, 10 minutes from downtown, walking distance to White Sox park, blocks from Bridgeport a neighborhood with diverse food options, art and park space. South Halstead Street's eateries include bakeries, taquerias, Japanese teahouses, and diverse eating options.
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Walkout
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
View Y/N true
Roof Type Flat
Building
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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Bought with Landmark & Property Group, Inc