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4731 S Wood Street

Chicago, IL 60609
  • $320,000
  • STATUS: Closed
  • ON SITE: 119 Days
  • MLS #: 11921983
Sold - 02/29/2024
$320,000
SOLD - 02/29/2024
  • 7
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

School District:
299

Description

Income generating legal 3 flat. Zoning has been updated with City of Chicago. First floor is split into (2) units. Second floor is the owner's unit that has undergone full renovation. Ideal for an investor looking to house-hack, live in one unit and rent out the rest to offset mortgage or for a seasoned investor who would like to add to portfolio. Property has room for value add. Rents YoY have steadily continued to increase due to supply and demand making multi family properties more desirable. Seller is open to providing some credit towards rate buy down / seller credit to reduce cash to close

Sold by Midwest Real Estate Brokerage LLC.

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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 2024-03-01T16:01:11.137 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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4731 S Wood Street Chicago, IL 60609

  • Price: $319,900
  • Status: Closed
  • On Site: 119 Days
  • Updated: 51 min ago
  • MLS #: 11921983
7
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Chi - New City
County:
Cook
Area:
Chi - New City
School District:
299
Property Description
Income generating legal 3 flat. Zoning has been updated with City of Chicago. First floor is split into (2) units. Second floor is the owner's unit that has undergone full renovation. Ideal for an investor looking to house-hack, live in one unit and rent out the rest to offset mortgage or for a seasoned investor who would like to add to portfolio. Property has room for value add. Rents YoY have steadily continued to increase due to supply and demand making multi family properties more desirable. Seller is open to providing some credit towards rate buy down / seller credit to reduce cash to close
Exterior Features

Exterior Building Type Vinyl SidingFrame Garage Onsite Yes Garage Ownersite Owned Garage Type Detached Lot Size Standard Chicago Lot Multi Family Type 3 Flat Parking Details Garage Parking Total 2 Roof Asphalt Waterfront YN No

Interior Features

Basement Unfinished Basement Bathrooms YN No Basement Details Full Bedrooms Below Grade 0 Bedrooms Total 7 Full Baths In Building 3 Half Baths In Building 0 Heating Natural Gas Rooms Total 7

Property Features

Age Unknown Built Before1978 YN Yes Corporate Limits Chicago Financing Conventional General Information None Gross Income 21600 Mls Actual Status Closed Net Operating Income 18000 New Construction YN No Ownership Fee Simple Rebuilt YN No Rehab Year 2018 Sewer Public Sewer Short Sale Not Applicable Special Listing Conditions List Broker Must Accompany Tax Annual Amount 1437.79 Tax Year 2022 Total Numberof Unitsin Building 3 Total Rental Income 21600 Township Lake Type Two to Four Units Water Source Lake Michigan

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Coldwell Banker Realty: 312-981-5500.


© 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 2024-03-01T16:01:11.137 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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Ryan Dallas Real Estate
4112C Fieldstone Road
Champaign IL, 61822