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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 12668401
Maintenance Fees $1,000
Year Built 2009
Annual Tax Amount $41,854
Tax Year 2024
Lot Dimensions 100 x 125
Property Sub-Type Multi Family 5+
Property Description
BUY IN BULK AND SAVE. SEE CONDO SALES IN THE AREA. HUGE UPSIDE POTENTIAL! SELL OFF ONE BY ONE, CREATE THE HOA AND HAVE RECURRING INCOME! Exceptional investment opportunity in the heart of Bridgeport! This offering consists of 10 residential units located within four side-by-side newer-construction, four-story mixed-use buildings in one of Chicago's most sought-after and rapidly growing neighborhoods. Each unit has separate PIN number! Separate meters! The first-floor commercial spaces are not included in the sale but may be acquired as a package deal separately for an additional purchase price. All ten residential units are currently leased, providing immediate income and strong in-place cash flow. Since acquisition, all units have been extensively renovated and updated, creating a true turnkey investment with minimal deferred maintenance and significant appeal to today's renters. The unit mix includes FOUR spacious 3-bedroom, 2-bath apartments and SIX well-appointed 2-bedroom, 2-bath apartments, all featuring functional floor plans, modern finishes, and contemporary living spaces designed to maximize tenant satisfaction and retention. Additional amenities include rear parking accommodations, along with abundant unrestricted street parking for residents and guests. Ideally situated near public transportation, major expressways including I-55, shopping, dining, parks, and neighborhood amenities, this property offers investors the rare opportunity to acquire a stabilized, income-producing asset in a proven rental market with strong long-term growth potential. Whether expanding an existing portfolio or completing a 1031 exchange, this well-maintained multifamily asset represents a compelling combination of location, cash flow, and upside potential in one of Chicago's most established and desirable neighborhoods. Rents can be higher!
Location
State IL
County Cook
Area Chi - Brighton Park
Interior
Cooling Central Individual
Fireplace N
Building
Dwelling Type Multi Family 5+
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Listed by Jim Mantas of The Leading Realtors Corp.