BEDS0
BATHS
SQUARE FEET15,825
MLS#12784389
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
Property Description
Knock, knock. Who's there? Opportunity. Fully rented (with a waiting list also) brick, 18-unit multifamily building offers investors a very attractive cap rate! Featuring 18 spacious one-bedroom, one-bath units, each offering hardwood floors throughout and full wood cabinet kitchens and ceramic tiled baths. New owner can modernize and increase rental income to market levels. Consider converting six of the existing units into two-bedroom layouts for even more additional income, subject to applicable approvals. Recent improvements include a new boiler, a water heater less than five years old, and significant upgrades to the rear porch. The property also offers ample street parking, adding convenience and appeal for tenants. Ideally situated directly across from Cook Elementary School, just one block north of Foster Park and only three blocks from the bustling Ashland Avenue retail corridor. This property benefits from a convenient location near shopping, dining, parks, and neighborhood amenities. Solid construction, full occupancy, recent upgrades, and substantial upside potential makes this is a 'must see' for any savvy investor. See the rest, buy the best!
Property Features
Property Type: Multi Unit - Multiple
Cooling: None
Lot Size: 0.21 Acres
Roof Type: Membrane, Rubber
Stories: 3.0
Taxes: $20,007
Year Built: 1928
Feature Descriptions
Electric: Separate Meters
Exterior: Brick
Foundation: Concrete Perimeter
HVAC: Central Bldg Heat
Lot Dimensions: 75 X 125
Parcel#: 20321170350000
Tenant Pays: Electricity
Units: 18
Listed By / Shown By
Listed By
Agency Name: RE/MAX Partners
Agency Phone: 708-484-2300
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
Estimate Your Payment
Estimated Payment
$ 4,008.03 per month $2,069.55 Principal & Interest $1,667.25 Property Tax $271.22 Homeowner's InsuranceChange Payment Information
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8156 S Laflin Street | MLS# 12784389
This multi-family property located at 8156 S Laflin Street , Chicago, IL 60620 is currently listed for sale with an asking price of $929,900. Search Chicago real estate on www.bhhscrosby.com today.