Remarks

Well-maintained 6-unit multi-family property, located in Chicago's desirable Clearing neighborhood. The building features a mix of three 2-bedroom/1-bath and three 1-bedroom/1-bath units, occupied by long-term tenants paying under market rates. The property includes five parking spaces behind the building and coin-operated laundry. Situated in Clearing, a quiet and friendly area known for its proximity to Midway Airport, major highways, parks, and schools, this location ensures steady tenant demand. At the asking price and with rents adjusted to market levels, the property will generate over a 7% cap rate without the need for improvements. Offering Memorandum available upon request.

Details

MLS#: 12175266
Price: $975,000

Sq Ft: 4900
Year Built: 1969

County: Cook
Lot Size: 50X114
Tax Fee: 7032.56