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2700 W Albion Avenue

Chicago, IL 60645
  • $900,000
  • STATUS: Active Under Contract
  • ON SITE: 74 Days
  • MLS #: 12148539
Under Contract
UPDATED: 27 min ago
$900,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1918
County:
Area:

School Ratings & Info

Description

Well-maintained long-time family-owned, legal 6-flat offers an exceptional opportunity for investors. Recently updated with a full tear-off roof in 2023 and a newly replaced parapet wall, this property is primed for long-term stability. Each unit is on a month-to-month lease with under-market rents, providing significant potential for increased passive income. The building features a 2-car garage, with all units equipped with their own furnace, and four units with central air conditioning (HVAC 2016). Located in the desirable West Ridge neighborhood, this property represents a solid investment with room for value growth. Don't miss out on this opportunity to enhance your portfolio and capitalize on its potential.

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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 2024-12-04T13:06:50.97 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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2700 W Albion Avenue Chicago, IL 60645

  • Price: $900,000
  • Status: Active Under Contract
  • On Site: 74 Days
  • Updated: 27 min ago
  • MLS #: 12148539
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1918
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
Well-maintained long-time family-owned, legal 6-flat offers an exceptional opportunity for investors. Recently updated with a full tear-off roof in 2023 and a newly replaced parapet wall, this property is primed for long-term stability. Each unit is on a month-to-month lease with under-market rents, providing significant potential for increased passive income. The building features a 2-car garage, with all units equipped with their own furnace, and four units with central air conditioning (HVAC 2016). Located in the desirable West Ridge neighborhood, this property represents a solid investment with room for value growth. Don't miss out on this opportunity to enhance your portfolio and capitalize on its potential.
Exterior Features

Exterior Building Type Brick Foundation Details Concrete Perimeter Outdoor Parking 1-5 Spaces

Interior Features

Cooling Central AirCentral IndividualWindow Unit(s) Fireplaces Total 0 Heat Ventilation Forced AirSeparate Per Unit Number Of Dishwashers 0 Number Of Dryers 1 Number Of Ranges 6 Number Of Washers 1

Property Features

Additional Parcels YN No Approximate Age Older Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show No - has seller written direction Gross Income 76800 Gross Scheduled Income 76800 Insurance Expense 4392 Maintenance Expense 1000 Mls Actual Status Contingent Net Operating Income 52481 Operating Expense 13109 Tax Annual Amount 11393 Tax Year 2023 Tenant Pays ElectricityHeat Total Monthly Income 6400 Township Rogers Park Type Multi Family 5+ Zoning MULTI

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Keller Williams ONEChicago: 312-216-2422.


© 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 2024-12-04T13:06:50.97 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