124 N Menard AVE Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60644
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12061071
Bedrooms 8
Year Built 1964
Annual Tax Amount $2,673
Tax Year 2022
Lot Size 3,049 Sqft
Property Description
This investment opportunity presents a well-maintained all-brick 4-flat building generating $60k in annual rental income from Section-8 tenants. Each of the four 2-bedroom, 1-bathroom units includes a separate basement for tenant storage and washer/dryer hookups. With low property taxes and tenants responsible for utilities, the property offers immediate returns and long-term growth potential. It's turnkey, suitable for investors at any experience level. FHA loan potential for owner occupied investor with 3.5% down payment.
Location
State IL
County Cook
Area Chi - Austin
Interior
Heating Natural Gas
Exterior
Community Features Street Lights,Street Paved
Waterfront false
Building
Dwelling Type Two to Four Units
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
School District 299 ,299, 299
Others
Special Listing Condition None