Estimated payment $3,359/month
Highlights
- Property is near public transit
- 1 Fireplace
- Forced Air Heating and Cooling System
About This Home
Outstanding investment opportunity! This 6-unit apartment building features 2 three-bedroom/1 bath units and 4 two-bedroom/1 bath units, all well-maintained and fully leased. Each apartment is equipped with its own furnace, central (rooftop) A/C, and hot water tank - tenants are responsible for their own utility costs - making this a low-expense, high-yield property. Tenants pay for their own internet and cable. Highlights: Consistent occupancy: Several tenants in place 5+ years, with only one turnover in the past year. All units include carpeted bedrooms and owner-supplied stoves and refrigerators. Roof: Modified bitumen (torch-down) roof, 4 years old, under warranty. Exterior: One porch replaced 3 years ago. Lower level: Flexible common area with shower and fireplace, perfect for a lounge, gym, or additional tenant amenity. Located: Across from Tilton Grade School and only 1.5 blocks from the Pulaski Green Line EL stop, offering easy commuter access and family-friendly surroundings. Investment Advantages: The property lies within both an Illinois Empowerment Zone and a Federal Enterprise Zone, providing potential tax exemptions on building materials and equipment, utility cost exemptions, and investment tax credits - all enhancing your return on investment. All together this is a stable, income-generating property in a desirable, transit-accessible location - easy to manage and ready to perform from day one! The sale will be "AS IS"
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,751
Year Built
- Built in 1915
Lot Details
- 4,400 Sq Ft Lot
- Lot Dimensions are 88 x 50.2
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Stone Siding
- Concrete Block And Stucco Construction
- Concrete Perimeter Foundation
Interior Spaces
- 4,200 Sq Ft Home
- 2-Story Property
- 1 Fireplace
Location
- Property is near public transit
Utilities
- Forced Air Heating and Cooling System
- Floor Furnace
- Heating System Uses Gas
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $837
- Fuel Expense $876
- Insurance Expense $11,712
- Maintenance Expense $8,800
- Other Expense $4,500
- Trash Expense $912
- Water Sewer Expense $1,900
- Operating Expense $32,888
- Gross Income $102,120
- Net Operating Income $69,232
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/09/2025 11/09/25 | For Sale | $595,000 | -- | $142 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12512155
APN: 16104090330000
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