Investment Opportunity: Multi-Family 6-Unit Building in Chicago, IL!

  • $499,000
  • $700,000/ARV
69XX S Yale Ave, Chicago, IL 60621, USA
Available

Investment Opportunity: Multi-Family 6-Unit Building in Chicago, IL!

69XX S Yale Ave, Chicago, IL 60621, USA
  • $499,000
  • $700,000/ARV

Overview

  • Residential
  • Property Type
  • 14
  • Bedrooms
  • 6
  • Bathrooms
  • 6700
  • sqft
  • 5300
  • Lot sqft

Description

Investment Opportunity: Multi-Family 6-Unit Building in Chicago, IL!

Discover this exceptional investment opportunity at 69XX S Yale Ave, Chicago, IL 60621. This expansive multi-family property features 14 bedrooms and 6 bathrooms, offering a total of 6700 sqft of living space on a 5300 sqft lot.


šŸ’ø Financial Overview:

  • Listing Price: $499,000
  • ARV: $700,000
  • Cap Rate: ~12%

šŸ  Property Condition:

This property is a clean and well-maintained multi-family 6-unit building, making it an excellent choice for rental income. The building is in good condition and ready for tenants.


šŸ” Features:

  • Unit Configuration: The building consists of 4 units with 2 bedrooms and 1 bathroom each, and 2 units with 3 bedrooms and 1 bathroom each.
  • Potential: With a solid cap rate and favorable rental market, this property is poised to generate substantial rental income.
  • Location: Situated in the South Side of Chicago, the property offers convenient access to local amenities, schools, and public transportation.

šŸ›ļø Comparables:

  • 139 W Marquette Rd , Chicago, IL 60621 Sold for $595,000 In February 2023
  • 7152 S Emerald Ave, Chicago, IL 60621 Is On The Market For $680,000
  • 7250 S Yale Ave, Chicago, IL 60621 Is On The Market For $700,000 AS IS

Take advantage of this opportunity to invest in a promising multi-family property with significant rental income potential in Chicago’s South Side!

For Inquiries and Viewing Requests, Call Now: (773) 985-7343


Learn more about the Chicago community: Click Here!
Explore other investment opportunities: Click Here!

Details

Updated on May 16, 2024 at 11:45 pm
  • Price: $499,000
  • Property Size: 6700 sqft
  • Land Area: 5300 sqft
  • Bedrooms: 14
  • Bathrooms: 6
  • Property Type: Residential
  • Property Status: Available
  • Address 69XX S Yale Ave, Chicago, IL 60621, USA
  • City Chicago
  • State/county Illinois
  • Zip/Postal Code 60621
  • Country United States

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