Price Reduction
Address
124 N Menard Avenue, Chicago, IL
Price
$ 499,000
Property Attributes
- MLS#12061071
- TypeMulti-Family
- CountyCOOK
- CityChicago
- AreaCHI - Austin
- Zip60644
- Style
- Year Built1964
- Taxes$ 2673
- Price$ 499,000
- Bedrooms8
- Full Bathrooms4
- Half Bathrooms0
- Lot Size0.07 Acres
Data Source:
Midwest Real Estate Data (MRED)
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.
| Price History | |
|---|---|
| 5/20/2024 | Listed $509,000 |
| 6/13/2024 | 2% - $499,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Natural Gas |
| Possession | Closing |
| Year Built | 1964 |
| Township | West Chicago |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Community Features | Street Lights,Street Paved |
| County | Cook |
| New Construction | No |
| Property Type | Residential Income |
| Total Rooms | 16 |
| Status | Price Change |
| Directions | N Menard Ave between W Washington Blvd and W West End Ave |
| City | Chicago |
| High School District | 299 |
| MLS Area | CHI - Austin |
| Waterfront Y/N | No |
| Tax Annual Amount | 2673.65 |
| Days on Market | 25 |
| Standard Status | Active |
| Middle/Junior School District | 299 |
| Elementary School District | 299 |
| Property Type | Two to Four Units |
Interior Features
| Basement | Full |
|---|---|
| Total Bedrooms | 8 |
| Total Baths | 4 |
| Bedrooms Possible | 8 |
| Basement | Unfinished |
| Bathroom | Soaking Tub |
| Full Baths Building | 4 |
| Total Number of Units | 4 |
Exterior Features
| Water Source | Lake Michigan |
|---|---|
| Total Parking | 2 |
| Lot Dimensions | 3205 |
| Lot Size Acres | 0.07 |
| 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 60644
Price
Taxes
Visits
Year Built
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than NextHome Select Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2024 All rights reserved.Based on information submitted to the MLS GRID as of June 17, 2024 7:23 AM UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice.
Data is updated as of June 17, 2024 7:23 AM UTC
