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$ 650,000
Est. payment | /mo
6 Beds
$ 650,000
Est. payment | /mo
6 Beds
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12359479
Bedrooms 6
Year Built 1914
Annual Tax Amount $19,692
Tax Year 2023
Lot Dimensions 30X125
Property Sub-Type Two to Four Units
Property Description
Diamond in the Rough - 3 Units + Income-Generating Coach House A true value-add opportunity! This property features three main units plus a coach house, offering four total income-producing spaces. With long-term tenants in place and all units currently functioning, there's immediate cash flow with plenty of room for growth. While the property does require significant updates, the potential here is undeniable. Renovating or rehabbing the units-especially the coach house-can significantly increase rental income and boost long-term returns. Whether you're an investor looking to enhance your portfolio or a developer seeking a project with upside, this is a chance to transform an underperforming asset into a high-yield investment. Unlock the full potential of this hidden gem.
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement None
Interior
Heating Natural Gas
Fireplace N
Exterior
View Y/N true
Roof Type Shake
Building
Sewer Public Sewer
Water Lake Michigan
Structure Type Aluminum Siding
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
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Listed by Michael Gerhardt • RE/MAX PREMIER
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "