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$ 449,000
Est. payment | /mo
3,049 Sqft Lot
$ 449,000
Est. payment | /mo
3,049 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12588169
Year Built 1961
Annual Tax Amount $9,205
Tax Year 2024
Lot Size 3,049 Sqft
Lot Dimensions 3125 sq. ft
Property Sub-Type Multi Family 5+
Property Description
Exceptional opportunity for INVESTORS seeking stable cash flow with built-in rental upside. This well-maintained 6-unit multifamily property has demonstrated nearly perfect occupancy for over 40 years, with only one single month of vacancy across all units during that entire time. Each unit features a 1 bed/1 bath layout with approximately 450 sq. ft of livable space + bathroom/storage. Roof was upgraded 6 years ago, water heater 3 years ago, common areas freshly painted 1 year ago. Current rents average $800 per unit, while comparable properties in the area suggest approximately $1,100 per unit, creating a clear value-add opportunity for INVESTORS looking to increase cash flow over time.
Location
State IL
County Cook
Area Riverdale
Interior
Cooling Window Unit(s)
Fireplace N
Building
Dwelling Type Multi Family 5+
Structure Type Brick
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Listed by Philip Konovalchik of Fathom Realty IL LLC
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