Commercial: Multi Family 5+ - MLS# 12398220
Tools & Resources:
Description
This well-maintained 6-unit residential property is ideally situated in the vibrant West Pilsen/Little Village neighborhood. Just one block from the CTA Pink Line and mere steps from the Cermak/California bus stop, this location offers unparalleled access to public transportation, making it highly attractive to tenants and investors alike. The building presents significant upside potential. The property features three secure off-street parking spaces at the rear-an invaluable amenity in this high-demand urban area. The property's central location places it within easy reach of shopping, dining, and major commuter routes, further adding to its desirability. With solid financials, excellent tenant retention, and clear potential for increased revenue, this is a rare opportunity to acquire a turnkey multifamily asset in one of Chicago's most dynamic neighborhoods. Competitively priced for a swift sale-this is an investment not to be missed.
Features
- Property Type: Commercial
- Sub Type: Multi Family 5+
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60623
- Year Built: 1891
- Stories: 3
- Units: 6 units
- Zoning: MULTI
- # Of Ranges: 6
- # Of Refrigs: 6
- Approximate Age: Older
- Built Before 1978 (Y/N): Yes
- Construction Materials: Brick
- Directions: CALIFORNIA AVE TO CERMAK THEN WEST
- Electric Expense: 156
- Expense Year: 2024
- Gross Income: 89700
- Gross Rent Multiplier: 7.79
- Gross Scheduled Income: 89720
- Heat/Ventilation: Forced Air
- Information: List Broker Must Accompany
- Insurance Expense: 2935
- Insurance Expense Source: Actual
- Main Type: Commercial Sale
- Maintenance Expense: 2300
- Operating Expense: 17699
- Other Expense: 4282
- Other Expense Source: Actual
- Repairs-Decor Expense Source: Actual
- Tax Annual Amount: 8182.06
- Tax Year: 2023
- Tenant Pays: Electricity, Heat
- Total Annual Expense Source: Actual
- Total Monthly Income: 7475
- Township: West Chicago
- Trash Expense: 900
- Water Sewer Expense: 2913
©2026, Midwest Real Estate Data (MRED). All rights reserved.