4004 W Wilcox Street, Chicago, IL 60624

  • $545,000
  • $548,800
4004 W Wilcox Street, Chicago, IL 60624
  • Residential Income
  • Property Type
  • 11
  • Bedrooms
  • 2007
  • Year Built
For Sale
4004 W Wilcox Street, Chicago, IL 60624
  • $545,000
  • $548,800

Overview

Property ID: 22502004
  • Residential Income
  • Property Type
  • 11
  • Bedrooms
  • 2007
  • Year Built

Description

Perfect house-hacking opportunity! Live for free, while the other 3 units pay for your mortgage. Built in 2007, and updated over the last few years, this building features hardwood floors throughout for units 1-3. Basement unit has 9 ft high ceilings, private washer/dryer, and can have a 3rd bedroom added. 3 units each have 3 bed/2 bath, with primary suites with full baths, walk-in closets, and lots of storage. Unit 1 has all-new stainless steel Samsung appliance package. Most of the appliances in the building have been changed in the last 3 years, along 3 new hot water tanks. The top floor has vaulted ceilings. All units are set up to easily add a washer/dryer in the unit. All separate utilities. Owner pays only for water and common electricity. Huge metal porches in the rear, and all-gated front and rear parking areas. Great income potential and is a turn-key investment. It will not last long! Fully rented with long-term tenants, all month-to-month. Rents can all be raised. Monthly income can easily be increased to $6,400/month by applying for increases with CHA or if owner adds washer/dryer in the unit, the income could be $86,400/year, and a cap rate after expenses of 13.5%. Must see!

  • Address 4004 W Wilcox Street
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60624
  • Country United States

Details

Updated on August 29, 2024 at 8:09 am
  • Property ID: 22502004
  • Price: $545,000
  • Land Area: 0.06 Acres
  • Bedrooms: 11
  • Year Built: 2007
  • Property Type: Residential Income
  • Property Status: For Sale
  • MLS#: MRD12086776
  • Office Name: CENTURY 21 S.G.R., INC.
  • Agent Name: Luminita Ispas
  • MLS Status: Active

Additional details

  • List Office MLSID: MRD14210
  • List Agent MLSID: MRD140263
  • List Date: 2024-06-18T17:38:22.000Z
  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Tax Annual: 7636
  • Tax Year: 2022
  • County: Cook
  • Parking: Off Alley
  • Water Source: Public

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