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$875,000
Est. payment /mo
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Key Details
Property Type Multi 5 Units, Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12785690
Maintenance Fees $2,450
Year Built 1930
Annual Tax Amount $10,507
Tax Year 2025
Lot Dimensions 38X126
Property Sub-Type Multi Family 5+
Property Description
Portage Park 7-unit value-add on a corner lot steps from the park: two brick buildings (a 4-unit front building and a 3-unit coach house) with two parking spaces between them. The unit mix is three 1-bed/1-bath and four 2-bed/1-bath apartments, including a large top-floor 2-bed/1-bath in the main building that's ideal as an owner's unit. The boiler and water heaters in the main building are newer, and tenants pay their own separately metered electric. Three units are vacant for the new oner to renovate and lease at market rents. Current scheduled rents are about $76,800 per year against estimated market rents of about $108,000 per year, plus parking income, and the interiors need cosmetic updates only. The building sits on a quiet residential corner a short walk from the Portage Park and one block from the Irving Park Rd shops, with Six Corners about a mile away and CTA bus service nearby. This an estate sale and building is sold AS-IS
Location
State IL
County Cook
Area Chi - Portage Park
Zoning MULTI
Rooms
Basement Finished
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
Roof Type Composition
Building
Dwelling Type Multi Family 5+
Structure Type Brick
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Listed by Lukasz Wojcik of Triton Realty Group LLC
NEARBY SCHOOL & BUSINESS
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