3,960 sq ft;
lot: 3049 sq ft lot
Commercial: Multi Family 5+ - MLS# 12611934
Tools & Resources:
Description
This well-maintained brick 6-unit building presents a compelling investment opportunity featuring a desirable unit mix of two (2) 2-bedroom / 2-bath apartments, two (2) 2 Bedroom/1 -Bath Units and two (2) 1-bedroom / 1-bath units. The property offers apartment-quality updates throughout, including modern kitchens and baths, stainless steel appliances, and contemporary range hoods that appeal to today's renters. Interiors are thoughtfully improved while maintaining operational efficiency, creating strong in-place tenancy and long-term rental stability. The building includes shared laundry facilities in the rear lower level, offering free on-site laundry as a valuable tenant amenity, along with bundled utilities including water, sewer, trash, and Wi-Fi to simplify management and enhance leasing appeal. A two-car garage provides additional income potential and convenience for residents. With its solid brick construction, updated interiors, and tenant-friendly amenities, this asset delivers a balanced combination of durability, modern finishes, and steady cash flow potential.
Features
- Property Type: Commercial
- Sub Type: Multi Family 5+
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60616
- Year Built: 1899
- Sq.Ft.: 3,960 sq ft
- Stories: 3
- Units: 6 units
- Lot Size: 3049 sq ft lot
- Zoning: MULTI
- # Of Dryers: 2
- # Of Ranges: 6
- # Of Refrigs: 6
- # Of Washers: 2
- Approximate Age: New Rehab
- Building Area Total: 3960
- Built Before 1978 (Y/N): Yes
- Construction Materials: Brick
- Cooling: Central Air, Central Individual
- Directions: 28th St & Halsted, East to Normal, South on Normal, East on 28th Pl (one-way) to 460 on the North side of the street
- Electric: Circuit Breakers, Separate Meters
- Gross Income: 131568
- Gross Rent Multiplier: 9.87
- Heat/Ventilation: Central Heat/Indiv Controls, Forced Air, Gas
- Indoor Parking: 1-5 Spaces
- Information: List Broker Must Accompany, 48-Hr Notice Required, No Sign on Property
- Lot Size Square Feet: 3125
- Main Type: Commercial Sale
- Operating Expense: 34520
- Ownership Type: Individual
- Roof: Rubber
- Roof Structure: Flat
- Tax Annual Amount: 12657.24
- Tax Year: 2024
- Tenant Pays: Electricity, Heat
- Total Monthly Income: 10964
- Township: South Chicago
- Type Multi-Family: Flats
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