$1,249,999
$750K PRICE DROP

Estimated payment $7,631/month

Total Views 24,512
-- Bed
-- Bath
18,252 Sq Ft
$68 Price per Sq Ft

Highlights

  • Property is near public transit
  • Laundry Room
  • 4-minute walk to Belvidere Park
  • Corner Lot
  • Heating Available

About This Home

***Just in, Seller offering up to $50,000 in Closing Costs Credit***Price Reduction!! Recent updates! Motivated seller offering a unique opportunity for the next Visionary Investor! This is your chance to take ownership of a substantial investment portfolio in prime Real Estate! Ideal for Dreamers ready to make a mark in the property market. Don't miss out on this exceptional chance to expand your Investment Horizons!! Fully Updated***Enjoy modern living with updated interiors and exteriors, ensuring minimal maintenance and high tenant satisfaction. Attractive Rental Income. Two buildings, 22 Bedrooms, 12 Bathrooms, ALL are fully occupied, offering a steady cash flow from day one! There is designated parking with new parking gravel providing convenient access and enhanced curb appeal. Recent upgrades to mechanicals ensure reliability and efficiency, reducing long-term costs. Both buildings come as a package and are located in a vibrant community with shopping plazas and essential services within minutes away. This property is an ideal investment for those looking to expand their portfolio or enter the rental market with a turnkey operation. Don't miss your opportunity to own 2 well-maintained properties with strong rental demand! Schedule your viewing by contacting us today!

Listing Agent

Toynoia Briggity

eXp Realty - Chicago North Ave License #475200482 Listed on: 02/25/2025

eXp Realty - Chicago North Ave

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,662

Year Built

  • Built in 1950

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 60x134
  • Corner Lot
  • Additional Parcels

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 18,252 Sq Ft Home
  • 3-Story Property
  • Fire and Smoke Detector
  • Laundry Room

Location

  • Property is near public transit

Utilities

  • Window Unit Cooling System
  • Heating Available
  • Separate Meters

Community Details

Overview

  • 12 Units

Building Details

  • Electric Expense $1,200
  • Insurance Expense $6,000
  • Trash Expense $3,600
  • Water Sewer Expense $1,500
  • Operating Expense $6,300
  • Gross Income $200,760
  • Net Operating Income $194,460

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,662

Year Built

Built in 1950

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: 1950
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,Seller's Disclosure,Short Notice OK
  • Estimated Age: 36-50 Years
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Possible Use: Commercial, Multi-Family
  • Fire Protection: Smoke or Fire Protectors
  • Misc Inside: Laundry Room
  • Fireplaces: 2
  • Drive-In Doors: 0
  • Refrigerators: 12
  • Ranges: 12
  • Number of Windows: 12
  • Number of Washers: 2
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Wood, Vinyl Siding
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • List Price: 1249999
  • Roof: Tar/Gravel, Other
  • Roof Structure: Flat

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers, Separate Meters
  • Heat/Ventilation: Electric
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

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

Fee Information

  • Trash Expense: 3600
  • Water Sewer Expenses: 1500
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.41
  • Lot Dimensions: 60X134
  • Lot Size Sq Ft: 16549
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Security Entrance,Sidewalks,Other,Cable Ready

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 5
  • Tenancy Type: Leases

Building Info

  • BuildingAreaTotal: 18252

Multi Family

  • Net Operating Income: 194460
  • Insurance Expense: 6000
  • ElectricExpense: 1200
  • GrossIncome: 200760
  • NumberOfUnitsTotal: 12
  • OperatingExpense: 6300
  • Expense Year: 2024
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 11662
  • Tax Year: 2024

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
08/12/2025 08/12/25 Price Changed $1,249,999 -16.7% $68 / Sq Ft
07/01/2025 07/01/25 Price Changed $1,500,000 -9.1% $82 / Sq Ft
06/06/2025 06/06/25 Price Changed $1,650,000 -8.3% $90 / Sq Ft
04/10/2025 04/10/25 Price Changed $1,800,000 -10.0% $99 / Sq Ft
02/25/2025 02/25/25 For Sale $2,000,000 +163.2% $110 / Sq Ft
12/20/2021 12/20/21 Sold $760,000 -9.5% --
10/29/2021 10/29/21 Pending -- -- --
08/24/2021 08/24/21 For Sale $840,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12293660

Midwest Real Estate Data (MRED)