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Garrett Johnson

homesbygarrett@gmail.com +1(847) 337-1157

$499,900

Est. payment - /mo

12 Beds

5 Baths

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12739000

Bedrooms 12

Year Built 1910

Annual Tax Amount $4,234

Tax Year 2023

Lot Dimensions 50 x 125

Property Sub-Type Two to Four Units

Property Description

Invesment Opportunity For a Savvy Investor! This Value Add Opportunity has major upside potential. The current offering consists of a Center Entrance 4 Flat with the potential to legalize the 2 garden apartments for a 6 Count! The floor plans are huge with 3 bedrooms, 1 bath apartments, tall ceilings, and 1200 sq ft per unit. There are two independent basement areas with 7 ft ceilings in place, separate gas meters, electrical meters, as well as a front and rear dedicated entrances. Acquisition and Construction on 4 units with a 6 Unit ARV and rent roll if done properly. Floor Plate: 3 bedroom 1 bath apartments with 9 ft ceilings, original hardwood flooring, independent forced air heating systems--NO AC currently-- separately metered gas, and electrical. This is a value add opportunity and is being sold as is. There are 3 out of the 4 units currently leased, and so the offering is subject to existing tenancy which are all M_T_M. currently. There is a massive garage structure in place at the rear, and the lot size is 50 x 125. Images are of the one vacant unit, other units need more work but have exact same layout. Make this your next investment and create massive cash flow for yourself.

Location

State IL

County Cook

Area Chi - East Garfield Park

Zoning MULTI

Body of Water Flats

Rooms

Basement Partially Finished, Exterior Entry, Bath/Stubbed, Concrete, Storage Space, Full

Interior

Heating Natural Gas, Forced Air

Fireplace N

Exterior

Garage Spaces 2.0

Roof Type Asphalt

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan, Public

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

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Listed by Wilfredo Aguilar Jr of North Clybourn Group, Inc.

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Garrett Johnson

+1(847) 337-1157

Agent | License ID: 475.188206

Agent License ID: 475.188206

4035-37 W Harrison ST Chicago, IL 60624

Garrett Johnson

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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