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4835 W Jackson Boulevard

Chicago, IL 60644
  • $742,000
  • STATUS: Closed
  • ON SITE: 425 Days
  • MLS #: 11788724
Sold - 09/19/2023
$742,000
SOLD - 09/19/2023
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1918
County:
Area:

School Ratings & Info

Description

Welcome to this incredible investment opportunity! This brick 6-unit building is the perfect addition to any investor's portfolio. Situated in a prime location, this property offers stability and a consistent income source. All occupied units are with reliable CHA tenants, ensuring a steady cash flow from day one. The units have been meticulously maintained and feature beautiful hardwood floors, providing a timeless and elegant aesthetic. The gas forced air system guarantees efficient heating, while separate utilities for each unit ensure convenience and individual control. Notably, the entire building underwent a comprehensive gut rehab, accompanied by meticulous plans and permits. This means that the property is not only visually appealing but also updated to meet modern standards of comfort and functionality. With four bedrooms and one bath in each unit, the spacious layouts provide ample room for tenants to enjoy a comfortable living environment. The flexibility of these floor plans opens up possibilities for various tenant demographics, attracting a wide range of renters. Making the transition process even smoother for the new buyer, the current property manager is willing to stay on board. Their extensive experience and familiarity with the building will prove invaluable in maintaining consistent management and ensuring a hassle-free ownership experience. This brick 6-unit building presents an outstanding investment opportunity with its stable income, recent gut rehab, and the convenience of a dedicated property manager. Don't miss your chance to secure this property and take advantage of its potential for long-term financial growth. Schedule a showing today and seize the opportunity to own this exceptional investment property!

Sold by YBRS Realty Inc..

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© 2024 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 2024-07-20T19:00:41.087 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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4835 W Jackson Boulevard Chicago, IL 60644

  • Price: $780,000
  • Status: Closed
  • On Site: 425 Days
  • Updated: 147 min ago
  • MLS #: 11788724
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1918
Built
Neighborhood:
Chi - Austin
County:
Cook
Area:
Chi - Austin
Property Description
Welcome to this incredible investment opportunity! This brick 6-unit building is the perfect addition to any investor's portfolio. Situated in a prime location, this property offers stability and a consistent income source. All occupied units are with reliable CHA tenants, ensuring a steady cash flow from day one. The units have been meticulously maintained and feature beautiful hardwood floors, providing a timeless and elegant aesthetic. The gas forced air system guarantees efficient heating, while separate utilities for each unit ensure convenience and individual control. Notably, the entire building underwent a comprehensive gut rehab, accompanied by meticulous plans and permits. This means that the property is not only visually appealing but also updated to meet modern standards of comfort and functionality. With four bedrooms and one bath in each unit, the spacious layouts provide ample room for tenants to enjoy a comfortable living environment. The flexibility of these floor plans opens up possibilities for various tenant demographics, attracting a wide range of renters. Making the transition process even smoother for the new buyer, the current property manager is willing to stay on board. Their extensive experience and familiarity with the building will prove invaluable in maintaining consistent management and ensuring a hassle-free ownership experience. This brick 6-unit building presents an outstanding investment opportunity with its stable income, recent gut rehab, and the convenience of a dedicated property manager. Don't miss your chance to secure this property and take advantage of its potential for long-term financial growth. Schedule a showing today and seize the opportunity to own this exceptional investment property!
Exterior Features

Exterior Building Type Brick Parking Total 4

Interior Features

Basement Unfinished Fireplaces Total 6 Heat Ventilation Forced AirGas Miscellaneous Inside Skylight/S

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 11004 Built Before1978 YN Yes Financing Conventional Gross Income 107820 Gross Scheduled Income 102429 Insurance Expense 2500 Maintenance Expense 7200 Mls Actual Status Closed Net Operating Income 84324 Operating Expense 17924 Short Sale Not Applicable Tax Annual Amount 4624.88 Tax Year 2021 Tenant Pays ElectricityHeat Total Monthly Income 8985 Township West Chicago Type Multi Family 5+ Zoning Multi

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of YBRS Realty Inc.: 847-757-2777.


© 2024 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 2024-07-20T19:00:41.087 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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