Chicago, IL 60628,400 E 109th Street
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Chicago, IL 60628,400 E 109th Street
Chicago, IL 60628,400 E 109th Street
Chicago, IL 60628,400 E 109th Street
Chicago, IL 60628,400 E 109th Street
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Active Under Contract

400 E 109th Street Chicago, IL 60628


UPDATED:

10/02/2024 03:45 PM

Key Details

Property Type Commercial

Sub Type Multi Family 5+

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12068350

Year Built 1962

Annual Tax Amount $3,319

Tax Year 2022

Lot Dimensions 43' X 125'

Property Description

This 6-unit building offers an exceptional investment opportunity, boasting a strong cap rate of 12.3 to ensure solid positive cash flow. Comprising five 2-bed/1-bath units and one 1-bed/1-bath garden apartment, each unit features hardwood floors and spacious layouts with generously sized great rooms and large eat-in kitchens. Recent upgrades, including copper plumbing, updated electric systems, and extensive masonry work, enhance the building's value while reducing maintenance needs. Additionally, the property provides convenient onsite laundry facilities and five parking spaces at the rear. Positioned on a serene, tree-lined street near the esteemed Gwendolyn Brooks College Preparatory campus and Palmer Park, its location is highly desirable. This 6-unit walk-up presents an attractive opportunity for investors seeking strong cash flow and potential value appreciation in a prime Chicago location.

Location

State IL

County Cook

Interior

Fireplace N

Exterior

View Y/N true


Listed by Angela Mana • Barr Agency, Inc

Wade Marshall

Real Estate Advisor | License ID: 475.129060

+1(773) 450-1247

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400 E 109th Street