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4828 W Adams Street

Chicago, IL 60644
  • $780,000
  • STATUS: Active
  • ON SITE: 18 Days
  • MLS #: 11788740
UPDATED: 33 min ago
$780,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1924
County:
Area:

School Ratings & Info

Description

Fantastic investment opportunity in the heart of the city. This brick 6-unit building is the epitome of a stable income source, making it an ideal choice for savvy investors. All occupied units are with CHA tenants, ensuring a consistent rental flow and providing a secure long-term investment. Step inside each unit to discover the timeless charm of hardwood floors that add a touch of elegance and durability to every room. The units are equipped with gas forced air heating, offering optimal comfort for the residents. With separate utilities, tenants have the convenience of controlling their own energy usage and expenses. This building has undergone an extensive gut rehab, meticulously executed with approved plans and permits, ensuring the highest quality craftsmanship throughout. All 6 units feature 4 spacious bedrooms, providing ample space for families and individuals alike. The well-appointed bathroom in each unit offers both style and functionality, catering to the tenants' needs. The seamless transition for the new buyer is made effortless with the current property manager's commitment to remain on board. With their in-depth knowledge of the building and its tenants, you can be assured of a smooth management experience from day one. Situated in a sought-after location, this property offers excellent access to local amenities, transportation options, and major employment centers. Whether it's the nearby schools, shopping centers, or recreational facilities, residents will have everything they need within reach. Don't miss this incredible opportunity to add a profitable asset to your investment portfolio. Schedule a showing today and envision the tremendous potential of this brick 6-unit building.

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© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Jasinski Home Team | Berkshire Hathaway HomeServices Chicago. Based on information submitted to the MRED as of 2023-06-09T22:59:08.283 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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4828 W Adams Street Chicago, IL 60644

  • Price: $780,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 33 min ago
  • MLS #: 11788740
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1924
Built
Neighborhood:
Chi - Austin
County:
Cook
Area:
Chi - Austin
Property Description
Fantastic investment opportunity in the heart of the city. This brick 6-unit building is the epitome of a stable income source, making it an ideal choice for savvy investors. All occupied units are with CHA tenants, ensuring a consistent rental flow and providing a secure long-term investment. Step inside each unit to discover the timeless charm of hardwood floors that add a touch of elegance and durability to every room. The units are equipped with gas forced air heating, offering optimal comfort for the residents. With separate utilities, tenants have the convenience of controlling their own energy usage and expenses. This building has undergone an extensive gut rehab, meticulously executed with approved plans and permits, ensuring the highest quality craftsmanship throughout. All 6 units feature 4 spacious bedrooms, providing ample space for families and individuals alike. The well-appointed bathroom in each unit offers both style and functionality, catering to the tenants' needs. The seamless transition for the new buyer is made effortless with the current property manager's commitment to remain on board. With their in-depth knowledge of the building and its tenants, you can be assured of a smooth management experience from day one. Situated in a sought-after location, this property offers excellent access to local amenities, transportation options, and major employment centers. Whether it's the nearby schools, shopping centers, or recreational facilities, residents will have everything they need within reach. Don't miss this incredible opportunity to add a profitable asset to your investment portfolio. Schedule a showing today and envision the tremendous potential of this brick 6-unit building.
Exterior Features

Exterior Building Type Brick Parking Total 4

Interior Features

Heat Ventilation Forced AirGasSeparate Per Unit

Property Features

Additional Parcels YN Yes Approximate Age Older Built Before1978 YN Yes Gross Income 112140 Gross Scheduled Income 106533 Insurance Expense 2500 Maintenance Expense 7200 Mls Actual Status Active Net Operating Income 89033 Operating Expense 17500 Tax Annual Amount 4500 Tax Year 2021 Tenant Pays ElectricityHeat Total Monthly Income 9345 Township West Chicago Type Multi Family 5+ Zoning Multi

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Ybrs Realty Inc.: 847-757-2777.


© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Jasinski Home Team | Berkshire Hathaway HomeServices Chicago. Based on information submitted to the MRED as of 2023-06-09T22:59:08.283 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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