$4,000,000
PENDING

Estimated payment $24,003/month

Total Views 11,448
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Corner Lot
  • Coonley Elementary School Rated A-
  • Forced Air Heating and Cooling System

About This Home

Rare opportunity to acquire this 16-unit walk-up brick building in the highly stable neighborhood of North Center. Unit mix comprised of (15) 2 bedrooms and (1) one bedroom units. This property has been extremely well maintained by current ownership and has recently rehabbed most units with Quartz/Granite countertops and stainless steel appliances. Updates also include new roof and porches. All units have forced air. New coin operated laundry in basement for extra income. Transportation includes buses and Trains. Short distance to Welles and Horner Park, Mariano's, Jewel-Osco and many bars and restaurants on Lincoln Ave. No work needed, just sit back, and collect the rent.

Listing Agent

Thomas Gibbons

FairGreen Real Estate LLC License #471018033 Listed on: 03/09/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,002

Year Built

  • Built in 1919

Lot Details

  • Lot Dimensions are 60 x 125
  • Corner Lot

Home Design

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

Interior Spaces

  • 3-Story Property

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Community Details

Overview

  • 16 Units

Building Details

  • Electric Expense $1,068
  • Fuel Expense $948
  • Insurance Expense $8,351
  • Trash Expense $3,300
  • Water Sewer Expense $4,410
  • Operating Expense $45,221
  • Gross Income $314,940
  • Net Operating Income $272,719

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,002

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1919
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: Older
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 3
  • Number of Washers: 3
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Concrete
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • List Price: 4000000
  • Roof: Reflective Coating, Rubber
  • Roof Structure: Flat

Utilities

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Gas

Condo/Co-op/Association

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

Fee Information

  • Trash Expense: 3300
  • Water Sewer Expenses: 4410
  • Janitor Expense: 3000

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 60 X 125
  • Zoning: OTHER

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water
  • Board Number: 8

Multi Family

  • Net Operating Income: 272719
  • Fuel Expense: 948
  • Insurance Expense: 8351
  • ElectricExpense: 1068
  • GrossIncome: 314940
  • NumberOfUnitsTotal: 16
  • OperatingExpense: 45221
  • Expense Year: 2024
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 27002
  • 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
07/23/2025 07/23/25 Pending -- -- --
03/09/2025 03/09/25 For Sale $4,000,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12307777

Midwest Real Estate Data (MRED)