$220,000
$225,000
2.2%For more information regarding the value of a property, please contact us for a free consultation.
8602 S Muskegon AVE Chicago, IL 60617
8 Beds
4 Baths
3,049 Sqft Lot
Key Details
Sold Price $220,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10295952
Bedrooms 8
Maintenance Fees $2,010
Year Built 1911
Annual Tax Amount $3,019
Tax Year 2017
Lot Size 3,049 Sqft
Property Sub-Type Two to Four Units
Property Description
Newly rehabbed in 2017, come see this 4 unit building in the booming South Chicago neighborhood. Each unit features 2 bedrooms, 1 bathroom, large kitchens, laminate flooring and individually controlled heat. Also enjoy a 2 car garage, newer roof and mechanicals. The building has 3 of 4 units occupied currently and a perfect opportunity for the armchair investor or owner occupant to take on. Units have rented consistently between $800 - $850 for the past two years with the value add opportunity of adding laundry in the basement or central air (ductwork in place from furnaces currently). Financials provided are actual taxes, insurance and common area utilities and management. Also, projected repair/maintenance and reserves providing a healthy 12% cap rate with nearly 40k in gross income. Schedule your tour to view today.
Location
State IL
County Cook
Area Chi - South Chicago
Zoning MULTI
Interior
Heating Natural Gas
Exterior
Parking Features Detached
Garage Spaces 2.0
Building
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
School District 299 , 299, 299
Others
Special Listing Condition None
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Bought with Jerrell Dantzler • Real People Realty Inc