400 E 109th Street, Chicago, IL 60628

  • $400,000
  • $400,000
400 E 109th Street, Chicago, IL 60628
  • Commercial Sale
  • Property Type
  • 1962
  • Year Built
For Sale
400 E 109th Street, Chicago, IL 60628
  • $400,000
  • $400,000

Overview

Property ID: 24671422
  • Commercial Sale
  • Property Type
  • 1962
  • Year Built

Description

This 6-unit building offers an exceptional investment opportunity, boasting a strong cap rate of 12.3% to ensure solid positive cash flow. Comprising five 2-bed/1-bath units and one 1-bed/1-bath garden apartment, each unit features hardwood floors and spacious layouts with generously sized great rooms and large eat-in kitchens. Recent upgrades, including copper plumbing, updated electric systems, and extensive masonry work, enhance the building’s value while reducing maintenance needs. Additionally, the property provides convenient onsite laundry facilities and five parking spaces at the rear. Positioned on a serene, tree-lined street near the esteemed Gwendolyn Brooks College Preparatory campus and Palmer Park, its location is highly desirable. This 6-unit walk-up presents an attractive opportunity for investors seeking strong cash flow and potential value appreciation in a prime Chicago location.

  • Address 400 E 109th Street
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60628
  • Country United States

Details

Updated on August 13, 2024 at 4:24 am
  • Property ID: 24671422
  • Price: $400,000
  • Year Built: 1962
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • MLS#: MRD12068350
  • Office Name: BARR AGENCY, INC
  • Agent Name: Angela Mana
  • MLS Status: Active

Additional details

  • List Office MLSID: MRD6496
  • List Agent MLSID: MRD45618
  • List Date: 2024-05-31T03:08:25.000Z
  • Tax Annual: 3319
  • Tax Year: 2022
  • County: Cook

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