$1,300,000

Estimated payment $8,664/month

Total Views 617
-- Bed
-- Bath
4,704 Sq Ft
$276 Price per Sq Ft

Highlights

  • Property is near public transit
  • Forced Air Heating and Cooling System
  • 4-minute walk to Mineral Wells City Park

About This Home

This all brick, 6-unit building is an excellent West Town location! There are three front facing units and three rear facing units. One of the 6 units consists of a 1-bedroom, 1-bathroom unit. The remaining five units consist of 2-bedroom, 1-bathroom units. All units are on month-to-month leases and at below market rents; there is significant room for rent increases with a touch of cosmetic work. Investor's can easily capture $2,000 per month per unit in rental income! Equally important, each unit is quaint and cozy with its open concept floor plan, exposed kitchen, very high ceilings and large windows that welcome natural sunlight all units. And the area: is just exceptional, which translates into very strong rental demand and, hence, low vacancies. It is minutes to the Kennedy, Ogden International School of Chicago, Fulton Market, restaurants, transportation, parks and so much more! A must see! A 10!

Listing Agent

Peter Drossos

Peter Drossos Real Estate License #471010251 Listed on: 08/19/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,968

Year Built

  • Built in 1892

Lot Details

  • 2,928 Sq Ft Lot
  • Lot Dimensions are 24 x 125
  • Property fronts an alley

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation
  • Reflective Roof
  • Rubber Roof
  • Concrete Block And Stucco Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,704 Sq Ft Home
  • 3-Story Property

Location

  • Property is near public transit

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • 100 Amp Service

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $1,200
  • Insurance Expense $4,599
  • Maintenance Expense $700
  • Trash Expense $1,349
  • Water Sewer Expense $2,240
  • Operating Expense $37,216
  • Gross Income $81,600
  • Net Operating Income $44,384

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,968

Year Built

Built in 1892

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 3
  • Year Built: 1892
  • Built Before 1978 (Y/N): Yes
  • Information: Short Notice OK
  • Estimated Age: Older
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Possible Use: Multi-Family
  • Fire Protection: Smoke or Fire Protectors,Carbon Monoxide Detector(s)
  • Fireplaces: 6
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 6
  • Ranges: 6
  • Number of Windows: 4
  • Number of Washers: 6
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Concrete
  • Foundation Details: Concrete Perimeter, Stone
  • Frontage Type: City Street, Public Road, Alley Access, Gravel
  • List Price: 1300000
  • Roof: Reflective Coating, Rubber
  • Roof Structure: Flat
  • Misc Outside: Courtyard,Fire Escape

Garage/Parking

  • Outdoor Parking: Parking-Street
  • Indoor Parking: 1-5 Spaces

Utilities

  • Cooling: Central Air, Window Unit(s)
  • Electric: Service - 0 to 100 Amps
  • Heat/Ventilation: Forced Air
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Association Fee Includes: None
  • Trash Expense: 1349
  • Water Sewer Expenses: 2240
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.06
  • Lot Dimensions: 24 x 125
  • Lot Size Sq Ft: 2928
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Sidewalks

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 10
  • Tenancy Type: Month To Month

Building Info

  • BuildingAreaTotal: 4704
  • Building Unit Info: No Units Furnished,Smoke/Alarm Detector

Multi Family

  • Net Operating Income: 44384
  • Insurance Expense: 4599
  • ElectricExpense: 1200
  • GrossIncome: 81600
  • Maintenance Expense: 700
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 37216
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 18968
  • Tax Year: 2023

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2025 08/19/25 For Sale $1,300,000 -- $276 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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Source: Midwest Real Estate Data (MRED)

MLS Number: 12448959

Midwest Real Estate Data (MRED)

APN: 17081250110000