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$ 1,099,900
Est. payment | /mo
$ 1,099,900
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12087442
Year Built 1900
Annual Tax Amount $12,155
Tax Year 2023
Lot Dimensions 25 X 125
Property Sub-Type Multi Family 5+
Property Description
Incredible investment opportunity in a renovated 7-unit multi-family property in the vibrant Pilsen neighborhood. This solid masonry building features five spacious 2-bedroom + 1-bathroom apartments, a charming coach house with 3 bedrooms + 2 bathrooms, and an additional 1-bedroom + den unit. Originally rehabbed in 2014, the property has updated electrical, plumbing, bathrooms, and kitchens, with separate utilities for each unit. The coach house stands out with its soaring cathedral ceilings, central A/C, and in-unit washer/dryer, making it ideal for an owner-occupied residence. Amenities include a common laundry room with tenant storage lockers. This professionally managed property requires minimal upkeep, with no deferred maintenance issues. There is significant potential to increase rental income by converting the third-floor unit into a duplex and utilizing existing refrigerant lines for future central A/C installation in six units. The location is great for investment, just blocks away from renowned restaurants, bars, grocery stores, and the California Pink Line L stop. Convenient access to highways and downtown adds to its appeal. Don't miss out on this unique investment opportunity in a rapidly appreciating neighborhood.
Location
State IL
County Cook
Zoning OTHER
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
View Y/N true
Building
Foundation Stone
Structure Type Brick
Others
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Listed by Darrell Scott • Compass
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "