BEDS0
BATHS
MLS#12513857
STATUSContingent
PROPERTY TYPEMulti Unit - Multiple
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!
Property Features
Property Type: Multi Unit - Multiple
Lot Size: 0.14 Acres
Stories: 3.0
Taxes: $9,910
Year Built: 1969
Feature Descriptions
Days on Site: 120
Exterior: Brick
HVAC: Hot Water
Lot Dimensions: 50x125
Parcel#: 32322150190000
Units: 7
Listed By / Shown By
Listed By
Agency Name: Coldwell Banker Real Estate Group
Agency Phone: 630-232-6900
Shown By
Agent Name: Dale Williams
Agent Phone: Cell: (815) 519-2243
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 4,572.17 per month $3,520.29 Principal & Interest $825.83 Property Tax $226.04 Homeowner's InsuranceChange Payment Information
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3229 Commercial Avenue | MLS# 12513857
This multi-family property located at 3229 Commercial Avenue, South Chicago Heights, IL 60411 is currently listed for sale with an asking price of $775,000. Search South Chicago Heights real estate on dwilliams.gogambino.com today.