$ 535,000
4004 W Wilcox Street Chicago, IL 60624
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 535,000
Est. payment /mo
Active Under Contract
4004 W Wilcox Street Chicago, IL 60624
11 Beds
2,613 Sqft Lot
UPDATED:
11/11/2024 04:41 AM
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12086776
Bedrooms 11
Year Built 2007
Annual Tax Amount $7,636
Tax Year 2022
Lot Size 2,613 Sqft
Lot Dimensions 25 X 121
Property Description
Perfect house-hacking opportunity! Live for free, while the other 3 units pay for your mortgage. Built in 2007, and updated over the last few years, this building features hardwood floors throughout for units 1-3. Basement unit has 9 ft high ceilings, private washer/dryer, and can have a 3rd bedroom added. 3 units each have 3 bed/2 bath, with primary suites with full baths, walk-in closets, and lots of storage. Unit 1 has all-new stainless steel Samsung appliance package. Most of the appliances in the building have been changed in the last 3 years, along 3 new hot water tanks. The top floor has vaulted ceilings. All units are set up to easily add a washer/dryer in the unit. All separate utilities. Owner pays only for water and common electricity. Huge metal porches in the rear, and all-gated front and rear parking areas. Great income potential and is a turn-key investment. It will not last long! Fully rented with long-term tenants, all month-to-month. Rents can all be raised. Monthly income can easily be increased to $6,400/month by applying for increases with CHA or if owner adds washer/dryer in the unit, the income could be $86,400/year, and a cap rate after expenses of 13.5%. FHA approved. Must see!
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Full
Interior
Heating Natural Gas
Fireplace N
Exterior
Waterfront false
View Y/N true
Parking Type Off Alley
Building
Sewer Public Sewer
Water Public
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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Listed by Luminita Ispas • Century 21 S.G.R., Inc.