1908 N Keystone Avenue, Chicago, IL 60639

  • $950,000
  • $950,000
1908 N Keystone Avenue, Chicago, IL 60639
For Sale
1908 N Keystone Avenue, Chicago, IL 60639
  • $950,000
  • $950,000

Overview

Property ID: 24998459
  • Commercial Sale
  • Property Type
  • 1907
  • Year Built

Description

Introducing a fully rehabbed 5-unit income-generating property in the vibrant Hermosa neighborhood, perfect for investors seeking a lucrative opportunity. This massive brick 3-unit building, complemented by a gut-rehabbed 2-unit coach house, offers a combination of modern amenities, high-quality finishes, and excellent rental income potential. The front building comprises three spacious apartments, each featuring 5 rooms, including 2 bedrooms and 1 bathroom per floor. The interiors are finished with beautiful hardwood floors throughout. Each unit comes with separate gas-forced heating GFH & central AC systems and individual hot water tanks.. The kitchens are fully updated with 42-inch white cabinets, stainless steel appliances, and in-unit dishwashers. A tall, unfinished basement offers potential for further development or storage. A coin-operated washer and dryer are available in the basement, contributing to additional income. (CH1): This duplex-down unit features 3 bedrooms, 2 full baths, and a large kitchen-living room combo. The unit is equipped with in-unit side-by-side washer and dryer, providing a highly desirable amenity for tenants. (CH2): A cozy 1-bedroom, 1-bath apartment with a living room-kitchen combo. Both the main building and the coach house have undergone extensive renovations, including: New Electrical Systems: Updated with in-unit circuit breakers. Plumbing: New copper pipes throughout. Recently replaced. New GFH & Central AC systems and hot water tanks. All units feature new, modern kitchens and bathrooms. The coach house alone adds an impressive $3,400 per month to the property’s total monthly income of $8,275, making this a true money maker. This property is a rare find, offering both immediate cash flow and long-term appreciation potential. With its prime location in Hermosa, high-quality renovations, and stable tenant base, this is an investment opportunity not to be missed.

  • Address 1908 N Keystone Avenue
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60639
  • Country United States

Details

Updated on August 28, 2024 at 7:45 am
  • Property ID: 24998459
  • Price: $950,000
  • Land Area: 0.07 Acres
  • Year Built: 1907
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • MLS#: MRD12135477
  • Office Name: BERKSHIRE HATHAWAY HOMESERVICES CHICAGO
  • Agent Name: Arden Fowler
  • MLS Status: Active

Additional details

  • List Office MLSID: MRD10900
  • List Agent MLSID: MRD129075
  • List Date: 2024-08-15T20:25:23.000Z
  • Cooling: Central Air
  • Tax Annual: 9216
  • Tax Year: 2023
  • County: Cook

Mortgage Calculator

Monthly
  • Principal & Interest
  • Property Tax
  • Home Insurance
  • PMI
$
$
%
$
$
$

Contact Information

View Listings
shoshot
  • shoshot

Enquire About This Property

0 Review

Sort by:
Leave a Review

Leave a Review

Compare listings

Compare
shoshot
  • shoshot