BEDS0
BATHS
MLS#12614240
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Excellent investment opportunity in the desirable neighborhood! This well-maintained multi-unit property features a total of 7 residential units , offering multiple streams of rental income. The front building includes a 3 bed/1 bath unit on the first floor, a 2 bed/1 bath unit on the second floor, and a 1 bed/1 bath unit on the third floor, while the rear building consists of three 2 bed/1 bath units. Additional income is generated from the coach house unit and parking space. The property is in solid condition, with 6 units featuring central heating and cooling and 1 unit equipped with central heat and window AC. Current rents are below market and have not been increased in years, presenting a strong value-add opportunity for investors to enhance cash flow through future rent adjustments. The versatile unit mix appeals to a wide tenant base and helps minimize vacancy. Conveniently located near transportation, restaurants, and local amenities, this is an ideal asset for both seasoned investors and those seeking stable long-term income.
Property Features
Property Type: Multi Unit - Multiple
Lot Size: 0.07 Acres
Stories: 3.0
Taxes: $17,226
Year Built: 1885
Feature Descriptions
HVAC: Forced Air, Gas
Lot Dimensions: 25X125
Parcel#: 17284260190000
Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water
Units: 7
Listed By / Shown By
Listed By
Agency Name: Kale Realty
Agency Phone: 312-939-5253
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
Estimate Your Payment
Estimated Payment
$ 4,154.11 per month $2,403.61 Principal & Interest $1,435.50 Property Tax $315.00 Homeowner's InsuranceChange Payment Information
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2904 S Wells Street | MLS# 12614240
This multi-family property located at 2904 S Wells Street, Chicago, IL 60616 is currently listed for sale with an asking price of $1,080,000. Search Chicago real estate on www.bhhscrosby.com today.