$400,000
400 E 109th ST Chicago, IL 60628
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$400,000
Est. payment /mo
Active Under Contract
400 E 109th ST Chicago, IL 60628
UPDATED:
10/02/2024 03:45 PM
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12068350
Maintenance Fees $2,000
Year Built 1962
Annual Tax Amount $3,319
Tax Year 2022
Lot Dimensions 43' X 125'
Property Description
This 6-unit building offers an exceptional investment opportunity, boasting a strong cap rate of 12.3 to ensure solid positive cash flow. Comprising five 2-bed/1-bath units and one 1-bed/1-bath garden apartment, each unit features hardwood floors and spacious layouts with generously sized great rooms and large eat-in kitchens. Recent upgrades, including copper plumbing, updated electric systems, and extensive masonry work, enhance the building's value while reducing maintenance needs. Additionally, the property provides convenient onsite laundry facilities and five parking spaces at the rear. Positioned on a serene, tree-lined street near the esteemed Gwendolyn Brooks College Preparatory campus and Palmer Park, its location is highly desirable. This 6-unit walk-up presents an attractive opportunity for investors seeking strong cash flow and potential value appreciation in a prime Chicago location.
Location
State IL
County Cook
Area Chi - Roseland
Interior
Fireplace N
Building
Dwelling Type Multi Family 5+
Level or Stories 3
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Angela Mana • Barr Agency, Inc
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