Remarks

This 8-unit building, legal 6 units with 2 additional apartments in the basement, offers a fantastic value-add opportunity for savvy investors. Each of the upper 6 units features two bedrooms, a separate living room, a dining room, and a partly enclosed back porch, perfect for extra storage. The basement includes a 2-bedroom unit and a 1-bedroom unit, adding even more income potential. Separate central heating for each unit. Most tenants are long-term, offering stable occupancy. Low rents with significant upside potential. Month-to-month leases provide flexibility to adjust rents after updates. 6 parking spaces for tenant convenience. Newer porch. Sold as-is. While the building requires some work, the opportunity to increase rental income post-updates makes it an excellent investment. Located in the desirable West Ridge area, this property is ideal for investors looking to grow their portfolio with a high-potential asset. Don't miss out on this incredible chance to unlock value and build equity!

Details

MLS#: 12223361
Price: $1,300,000

Sq Ft: 7191
Year Built: 1927

County: Cook
Lot Size: 49X124
Tax Fee: 16047.93