Chicago, IL 60625

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Description

Never before offered for sale, this solid brick 16-unit multi-family building. Meticulously maintained and carefully managed by a long-term owner now retiring, this asset presents an exceptional investment opportunity in one of Chicago's most desirable rental corridors. Each spacious, well-appointed apartment has supported a consistent history of strong occupancy, reliable income, and long-term tenant satisfaction. The property's prime location-just steps from public transportation, schools, parks, and shopping-ensures enduring rental demand and neighborhood appeal. With stable financials already in place and room for thoughtful value-add improvements, this offering represents a strategic and scalable addition to any serious investor's portfolio. Serious inquiries only. Proof of funds or loan pre-approval required for all showings.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active Under Contract
• County/Area: Cook County
• Zip Code: 60625
• Year Built: 1929
• Stories: 4
• Units: 16 units
• Zoning: MULTI
• # Of Ranges: 16
• # Of Refrigs: 16
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Directions: Lawrence Ave to Harding Ave, then south to property.
• Electric Expense: 636
• Electric Expense Source: Owner Projection
• Fuel Expense: 18086
• Fuel Expense Source: Owner Projection
• Gross Income: 189720
• Gross Scheduled Income: 189720
• Heat/Ventilation: Hot Water, Radiators
• Information: 24-Hr Notice Required
• Insurance Expense: 9935
• Insurance Expense Source: Owner Projection
• Main Type: Commercial Sale
• Maintenance Expense: 2000
• Operating Expense: 77132
• Other Expense: 700
• Other Expense Source: Owner Projection
• Outdoor Parking: Parking-Street
• Repairs-Decor Expense Source: Owner Projection
• Tax Annual Amount: 30844
• Tax Year: 2023
• Total Monthly Income: 15810
• Township: Jefferson
• Trash Expense: 4121
• Trash Expense Source: Owner Projection
• Type Multi-Family: Courtyard
• Water Expense Source: Owner Projection
• Water Sewer Expense: 13060