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$ 479,999
Est. payment /mo
Active Under Contract
8021-23 S Maryland Avenue Chicago, IL 60619
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12131343
Year Built 1926
Annual Tax Amount $2,879
Tax Year 2023
Lot Dimensions 50X125
Property Sub-Type Multi Family 5+
Property Description
Presenting a beautifully updated, fully occupied 6-unit building, perfect for both investors and homeowners. The property features five 2-bedroom/1-bath units and one 3-bedroom/1-bath unit, all with living rooms. Each unit has been tastefully renovated, with modern kitchens and baths, updated plumbing, and individual furnaces. Tenants are responsible for their own electricity, heating, and cooking gas, ensuring a strong cash flow and cap rate. The building also offers potential for additional income by installing a coin-operated laundry and an extra livable unit in the spacious basement. The exterior is well-maintained, featuring new windows and a full perimeter fence. While the 3-car detached garage requires some work, it provides excellent on-site parking opportunities. Sold "AS IS." Please refer to the additional documents for the Financial Pro Forma.
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Unfinished
Interior
Cooling None
Fireplace N
Exterior
View Y/N true
Building
Foundation Brick/Mortar
Structure Type Brick
Others
HOA Fee Include None
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Listed by Jonathan Williams • Coldwell Banker Realty