3229 Commercial AVE, South Chicago Heights, IL 60411

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Jorel Kilcullen

jorelkilcullen@gmail.com +1(815) 790-4276

$775,000

Est. payment - /mo

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Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12513857

Year Built 1969

Annual Tax Amount $9,910

Tax Year 2023

Lot Dimensions 50x125

Property Sub-Type Multi Family 5+

Property Description

Don't miss this incredible fully leased investment opportunity! This hard to find 7 unit building is over an 8 cap at the list price. No deferred maintenance and below market rents combine to create tremendous value add potential. With seven total units rent increases to market value and further increases over time will have an exponential effect on value. All of the apartments are desirable 2 bedroom units with a spacious family room. Coin op laundry and storage are available in the basement. One apartment has just been updated with quartz counter tops, new appliances and bathroom fixtures (rented immediately!). Other updates include new windows, new appliances, new exterior lighting and the fire safety system has been updated. New 10 year smoke and CO detectors were just installed. Low to no vacancy history. Restaurants, national retailers and the Jewel grocery store are all within walking distance make renting apartments a breeze. There are 7 onsite parking spaces and unrestricted on street parking. Don't wait, opportunities like this don't come often!

Location

State IL

County Cook

Area South Chicago Heights

Zoning MULTI

Rooms

Basement Unfinished

Interior

Fireplace N

Building

Dwelling Type Multi Family 5+

Structure Type Brick

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Listed by Charles Kirkwood of Coldwell Banker Real Estate Group

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Jorel Kilcullen

+1(815) 790-4276

Broker | License ID: 478.026444

Broker License ID: 478.026444

3229 Commercial AVE South Chicago Heights, IL 60411

Jorel Kilcullen

Key Details

Location

Rooms

Interior

Building

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