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1242 S Albany Avenue

Chicago, IL 60623
  • $485,000
  • STATUS: Active Under Contract
  • ON SITE: 183 Days
  • MLS #: 11423390
Under Contract
UPDATED: 60 min ago
$485,000
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1895
County:

School Ratings & Info

Description

This gorgeous 6 unit Graystone overlooking Douglas Park offers awesome rental potential with low expenses where you will depreciate, pay down principal, build equity and cash out on your investment- all while using rental income. All units rented m/m, long term, low turnover plus reliable: rents are lower than market can bear. Each unit has separate heat, gas and electric. Many updates have been made while preserving the classic architecture and original accents. Heaters replaced 12 years ago, Tuckpointed 5 years ago, Water Heater replaced 3 years ago. The building has a full length, full height, open, cemented basement. The property is a solid investment!

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2022-12-04T22:57:42.113 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1242 S Albany Avenue Chicago, IL 60623

  • Price: $485,000
  • Status: Active Under Contract
  • On Site: 183 Days
  • Updated: 60 min ago
  • MLS #: 11423390
0
Beds
0
Baths
0
½ Baths
0.08
Acres
1895
Built
Neighborhood:
Chi - North Lawndale
County:
Cook
Area:
Chi - North Lawndale
Property Description
This gorgeous 6 unit Graystone overlooking Douglas Park offers awesome rental potential with low expenses where you will depreciate, pay down principal, build equity and cash out on your investment- all while using rental income. All units rented m/m, long term, low turnover plus reliable: rents are lower than market can bear. Each unit has separate heat, gas and electric. Many updates have been made while preserving the classic architecture and original accents. Heaters replaced 12 years ago, Tuckpointed 5 years ago, Water Heater replaced 3 years ago. The building has a full length, full height, open, cemented basement. The property is a solid investment!
Exterior Features

Exterior Building Type BrickStone Parking Total 0

Interior Features

Heat Ventilation Central Heat/Indiv ControlsElectricGas

Property Features

Additional Parcels YN No Approximate Age Older Built Before1978 YN Yes Contingency Other Contingency Continue To Show No - Has Seller Written Direction Gross Income 63540 Gross Scheduled Income 63540 Insurance Expense 4978 Maintenance Expense 1200 Mls Actual Status Contingent Net Operating Income 40297 Operating Expense 18478 Tax Annual Amount 4765 Tax Year 2020 Tenant Pays ElectricityHeat Total Monthly Income 5295 Type Multi Family 5+

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Martinez Realty Group Inc: 708-465-0373.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2022-12-04T22:57:42.113 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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