8142-8146 S Maryland Avenue
Chicago, IL 60619

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Description

DON'T MISS THIS EXCEPTIONAL OPPORTUNITY TO OWN A WELL-MAINTAINED, FULLY OCCUPIED 6-UNIT BUILDING IN THE DESIRABLE CHATHAM NEIGHBORHOOD OF CHICAGO. THIS TURN-KEY PROPERTY OFFERS A STABLE, INCOME-GENERATING ASSET WITH A SOLID TENANT BASE. UNIT MIX INCLUDES: THREE SPACIOUS 3-BEDROOM, 1-BATH UNITS & THREE WELL-KEPT 2-BEDROOM, 1-BATH UNITS. WHETHER YOU'RE A SEASONED INVESTOR OR JUST ENTERING THE MARKET, THIS PROPERTY OFFERS STRONG CASH FLOW, AND LONG-TERM INVESTMENT STABILITY IN A GROWING AREA. PRIME SOUTH SIDE LOCATION WITH EASY ACCESS TO TRANSPORTATION, SHOPPING, AND AMENITIES.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60619
• Year Built: 1924
• Stories: 3
• Units: 6 units
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Cooling: Window Unit(s)
• Directions: 83RD STREET TO MARYLAND NORTH TO ADDRESS COTTAGE GROVE TO 81ST ST EAST TO MARYLAND SOUTH TO BLDG
• Gross Income: 79000
• Gross Rent Multiplier: 5.5
• Gross Scheduled Income: 79000
• Heat/Ventilation: Radiators
• Indoor Parking: 1-5 Spaces
• Janitor Expense: 00
• Main Type: Commercial Sale
• Manager Expense: 1200
• Other Expense: 800
• Tax Annual Amount: 3586.62
• Tax Year: 2023
• Tenant Pays: Electricity, Other
• Total Monthly Income: 6569
• Township: Hyde Park
• Trash Expense: 400
• Trash Expense Source: Broker Projection
• Water Expense Source: Owner Projection