Address
9211 S Laflin Street, Chicago, IL
Price
$ 1,425,000
Property Attributes
- MLS#11987588
- TypeMulti-Family
- CountyCOOK
- CityChicago
- AreaCHI - Washington Heights
- NeighborhoodWashington Heights
- Zip60620
- StyleMulti-Family
- Year Built1931
- Taxes$ 17682
- Price$ 1,425,000
- Bedrooms5
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Discover the perfect investment with this 15-unit brick property, currently bringing in $15,680/month in gross rents. This property features a desirable mix of two-bedroom, one-bedroom, and studio apartments, plus an adjacent parking lot for tenant use. Located on a desirable block, this property boasts spacious living spaces that cater to a wide range of tenants. Meticulously maintained, it demonstrates the owners' commitment to quality, with a gas forced air system for efficient heating and separate utilities to minimize landlord expenses. Situated in a safe, quiet area just 20 minutes from the loop, tenants enjoy proximity to amenities, including shopping, dining, parks, and public transport. Offering a mix of rehabbed, updated, and vintage units, this property presents a significant value-add opportunity through potential rent increases, further renovations, and additional income streams like paid parking. An exceptional chance for both seasoned investors and newcomers, this property promises stability and significant growth potential. May be purchased as a portfolio with 6221-6235 W Wabansia, Chicago, MLS#11984243.
| Price History | |
|---|---|
| 3/4/2024 | Listed $1,425,000 |
General Features
| Cooling | None |
|---|---|
| Utilities | Water-Municipal,Cable Available |
| Zoning | MULTI |
| Construction Materials | Brick |
| Year Built | 1931 |
| Electric | Circuit Breakers |
| Tenant Pays | Electricity,Heat |
| Stories | 4 |
| Tax Year | 2022 |
| Current Use | Multi-Family |
| Gross Income | 188160 |
| County | Cook |
| Net Operating Income | 88694 |
| Operating Expense | 77283 |
| Insurance Expense | 5477 |
| Property Type | Commercial Sale |
| MaintenanceExpense | 17682 |
| Status | Active |
| Directions | 93rd to Laflin,North on Laflin to property. |
| City | Chicago |
| Total Units | 15 |
| MLS Area | CHI - Washington Heights |
| Street Name | Laflin |
| Tax Annual Amount | 17682 |
| Electric Expense | 1605 |
| Fuel Expense | 4156 |
| Trash Expense | 3473 |
| Water Sewer Expense | 4271 |
| Additional Parcels Y/N | Yes |
| Days on Market | 7 |
| Standard Status | Active |
| Property Type | Multi Family 5+ |
Interior Features
| Street Suffix | Street |
|---|---|
| Basement | None |
Exterior Features
| Foundation Details | Concrete Perimeter |
|---|---|
| Lot Dimensions | 90X125 |
| Frontage Type | City Street,Alley Access |
| Exterior | Brick |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60620
Price
Taxes
Visits
Year Built
