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4142 W Jackson Boulevard

Chicago, IL 60624
  • $690,000
  • STATUS: Active
  • ON SITE: 17 Days
  • MLS #: 11788703
UPDATED: 39 min ago
$690,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1923
County:

School Ratings & Info

Description

Welcome to your dream investment opportunity! This remarkable brick 6 unit building presents a lucrative prospect for savvy investors in the highly sought-after real estate market. With a prime location and impressive features, this property offers incredible potential for both immediate income and long-term growth. Comprising six units, this well-maintained building is a testament to quality craftsmanship and thoughtful design. The property consists of three spacious 3-bedroom, 1-bathroom units and an additional three comfortable 2-bedroom, 1-bathroom units. This diverse mix provides flexibility to accommodate a range of tenants, enhancing the appeal and marketability of the property. All occupied units have CHA tenants, ensuring a steady and reliable income. With this income stream already in place, you can start reaping the rewards of this investment from day one. One of the standout features of this property is the low real estate taxes, which contributes to its exceptional profitability. Additionally, each unit benefits from gas forced air and separate utilities, allowing for easy management and cost efficiency. The entire building was gut rehabbed with approved plans and permits providing peace of mind to the new owner. To further facilitate a seamless transition, the current management team is willing to stay on board and continue maintaining the building. Their familiarity with the property and expertise in property management will be invaluable, ensuring uninterrupted operations and tenant satisfaction. This investment gem presents an outstanding opportunity for the astute buyer seeking a cash cow in the real estate market. With its attractive location, robust rental income, low taxes, and professional management team, this property has all the elements necessary for a successful investment venture. Don't miss out on this chance to secure your financial future. Act now and make this brick 6 unit building the centerpiece of your real estate portfolio. Contact us today to schedule a viewing and discover the boundless potential awaiting you!

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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 Angela Walker Homes Real Estate Group. Based on information submitted to the MRED as of 2023-06-07T23:58:44 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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4142 W Jackson Boulevard Chicago, IL 60624

  • Price: $690,000
  • Status: Active
  • On Site: 17 Days
  • Updated: 39 min ago
  • MLS #: 11788703
0
Beds
0
Baths
0
½ Baths
0.06
Acres
1923
Built
Neighborhood:
Chi - West Garfield Park
County:
Cook
Area:
Chi - West Garfield Park
Property Description
Welcome to your dream investment opportunity! This remarkable brick 6 unit building presents a lucrative prospect for savvy investors in the highly sought-after real estate market. With a prime location and impressive features, this property offers incredible potential for both immediate income and long-term growth. Comprising six units, this well-maintained building is a testament to quality craftsmanship and thoughtful design. The property consists of three spacious 3-bedroom, 1-bathroom units and an additional three comfortable 2-bedroom, 1-bathroom units. This diverse mix provides flexibility to accommodate a range of tenants, enhancing the appeal and marketability of the property. All occupied units have CHA tenants, ensuring a steady and reliable income. With this income stream already in place, you can start reaping the rewards of this investment from day one. One of the standout features of this property is the low real estate taxes, which contributes to its exceptional profitability. Additionally, each unit benefits from gas forced air and separate utilities, allowing for easy management and cost efficiency. The entire building was gut rehabbed with approved plans and permits providing peace of mind to the new owner. To further facilitate a seamless transition, the current management team is willing to stay on board and continue maintaining the building. Their familiarity with the property and expertise in property management will be invaluable, ensuring uninterrupted operations and tenant satisfaction. This investment gem presents an outstanding opportunity for the astute buyer seeking a cash cow in the real estate market. With its attractive location, robust rental income, low taxes, and professional management team, this property has all the elements necessary for a successful investment venture. Don't miss out on this chance to secure your financial future. Act now and make this brick 6 unit building the centerpiece of your real estate portfolio. Contact us today to schedule a viewing and discover the boundless potential awaiting you!
Exterior Features

Parking Total 0

Interior Features

Heat Ventilation Central Heat/Indiv Controls

Property Features

Additional Parcels YN No Approximate Age Older Built Before1978 YN Yes Gross Income 6995 Gross Scheduled Income 83940 Insurance Expense 2500 Maintenance Expense 7200 Mls Actual Status Active Net Operating Income 63966 Operating Expense 15976 Ownership Types Other Tax Annual Amount 2676.04 Tax Year 2021 Tenant Pays ElectricityHeat Total Monthly Income 6995 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 Angela Walker Homes Real Estate Group. Based on information submitted to the MRED as of 2023-06-07T23:58:44 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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