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2548 W 71st Street

Chicago, IL 60629
  • $345,000
  • STATUS: Active Under Contract
  • ON SITE: 127 Days
  • MLS #: 11948706
Under Contract
UPDATED: 147 min ago
$345,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1931
County:

School Ratings & Info

Description

Introducing an EXCEPTIONAL investment opportunity in a meticulously maintained, brick multi-unit building. This remarkable property boasts a total of 4 units with 10 bedrooms and 4 bathrooms, offering a variety of unit configurations to cater to diverse tenant needs. The first floor presents a spacious studio unit with a full kitchen and bathroom, while the rear section consists of two 4-bedroom, 1-bathroom units. Additionally, there are two front units featuring 2 bedrooms and 1 bathroom each. 2 out of the 4 units currently occupied. Hardwood floors adorn every unit, except for the storefront area. Heating is provided by efficient gas-forced heat systems, and the property benefits from a 400 amp service. Each unit enjoys separate utilities, ensuring convenience for both tenants and property management. The full basement offers ample additional space for storage. The property's excellent condition and prime location make it highly sought after in the area, allowing for premium rental rates and attracting savvy investors. Situated within walking distance of Marquette Park and public transportation, it offers the perfect blend of convenience and accessibility.

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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 Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-04-24T21:00:43.857 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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2548 W 71st Street Chicago, IL 60629

  • Price: $345,000
  • Status: Active Under Contract
  • On Site: 127 Days
  • Updated: 147 min ago
  • MLS #: 11948706
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1931
Built
Neighborhood:
Chi - Chicago Lawn
County:
Cook
Area:
Chi - Chicago Lawn
Property Description
Introducing an EXCEPTIONAL investment opportunity in a meticulously maintained, brick multi-unit building. This remarkable property boasts a total of 4 units with 10 bedrooms and 4 bathrooms, offering a variety of unit configurations to cater to diverse tenant needs. The first floor presents a spacious studio unit with a full kitchen and bathroom, while the rear section consists of two 4-bedroom, 1-bathroom units. Additionally, there are two front units featuring 2 bedrooms and 1 bathroom each. 2 out of the 4 units currently occupied. Hardwood floors adorn every unit, except for the storefront area. Heating is provided by efficient gas-forced heat systems, and the property benefits from a 400 amp service. Each unit enjoys separate utilities, ensuring convenience for both tenants and property management. The full basement offers ample additional space for storage. The property's excellent condition and prime location make it highly sought after in the area, allowing for premium rental rates and attracting savvy investors. Situated within walking distance of Marquette Park and public transportation, it offers the perfect blend of convenience and accessibility.
Exterior Features

Exterior Building Type Brick Foundation Details Brick/MortarConcrete Perimeter Frontage Type Public Road Outdoor Parking OtherParking-Street

Interior Features

Cooling Central Air Fireplaces Total 0 Flooring Wood Heat Ventilation Forced AirGas Number Of Dishwashers 0 Number Of Dryers 0 Number Of Ranges 0 Number Of Washers 0

Property Features

Additional Parcels YN No Approximate Age Older Built Before1978 YN Yes Contingency Other Contingency Continue To Show No - has seller written direction Electric Circuit Breakers Fire Protection Hydrants On Site Geographic Locale Chicago South Gross Income 54000 Gross Scheduled Income 54000 Insurance Expense 0 Location Corner Mls Actual Status Contingent Number Of Tenants 2 Possible Use Commercial Property Sub Type Mixed Use Rental Price 3.6 Seller Needs Other Seller Will Other Tax Annual Amount 4021.82 Tax Year 2021 Tenant Pays ElectricityHeat Total Monthly Income 4500 Township South Chicago Type Mixed Use Zoning MULTI

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Realty of Chicago LLC: 312-607-0777.


© 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 Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-04-24T21:00:43.857 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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4112C Fieldstone Road
Champaign IL, 61822