$ 499,000
124 N Menard AVE Chicago, IL 60644
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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.
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$ 499,000
Est. payment /mo
Active Under Contract
124 N Menard AVE Chicago, IL 60644
8 Beds
3,049 Sqft Lot
UPDATED:
08/18/2024 08:12 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 12061071
Bedrooms 8
Year Built 1964
Annual Tax Amount $2,673
Tax Year 2022
Lot Size 3,049 Sqft
Lot Dimensions 3205
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
Rooms
Basement Full
Interior
Heating Natural Gas
Fireplace N
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
Ownership Fee Simple
Special Listing Condition None
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Shaheen Pervaiz • Exit Strategy Realty
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