One of the lowest-priced cash flowing 6 units in Chicago! Check out this well-maintained hidden gem. This building is fully occupied and has all long-term and stable tenants! Located in the best part the town, this 6-unit provides a stable income producer that will allow you to sleep well at night. This building is next-door neighbors to a large, high-quality Senior Community Living center, plus restaurants, parks & public transportation. The building has been very well maintained and self-managed wonderfully for many years.
Rents: Currently $54k+/year. They are good for the area but have not been increased in years. There is room to push rents to at least $800/door from current $750/door.
Parking: All tenants get 2 free parking passes. 12 total parking spots in the back of the property.
Utilities: Tenants pay for their own electricity.
Details:
6 Unit
Brick
All 1 Bed/1 Bath
100% Occupied
Building Size: 4,194 SF
Lot Size: 6,250 SF
Built: 1966
Unit Mix:
5 Units – 1 Bed/1 Bath – Rent: $750
1 Unit – 1 Bed/1 Bath – Rent: $770
Gross Yearly Income: $54,240
Expenses:
Common Area Electric: $360
Gas: $3,300
Water & Scavenger: $3,900
Property Taxes: $14,202 (2019)
Village Rental License: $100