9211 S Laflin Street, Chicago, IL 60620

  • $1,299,000
  • $1,425,000
9211 S Laflin Street, Chicago, IL 60620
For Sale
9211 S Laflin Street, Chicago, IL 60620
  • $1,299,000
  • $1,425,000

Overview

Property ID: 25229582
  • Commercial Sale
  • Property Type
  • 1931
  • Year Built

Description

Discover the perfect investment with this 15-unit brick property, currently bringing in $15,680/month in gross rents. This property features a desirable mix of two-bedroom, one-bedroom, and studio apartments, plus an adjacent parking lot for tenant use. Located on a desirable block, this property boasts spacious living spaces that cater to a wide range of tenants. Meticulously maintained, it demonstrates the owners’ commitment to quality, with a gas forced air system for efficient heating and separate utilities to minimize landlord expenses. Situated in a safe, quiet area just 20 minutes from the loop, tenants enjoy proximity to amenities, including shopping, dining, parks, and public transport. Offering a mix of rehabbed, updated, and vintage units, this property presents a significant value-add opportunity through potential rent increases, further renovations, and additional income streams like paid parking. An exceptional chance for both seasoned investors and newcomers, this property promises stability and significant growth potential. May be purchased as a portfolio with 6221-6235 W Wabansia, Chicago, MLS#11984243.

  • Address 9211 S Laflin Street
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60620
  • Country United States

Details

Updated on August 23, 2024 at 2:43 am
  • Property ID: 25229582
  • Price: $1,299,000
  • Year Built: 1931
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • MLS#: MRD11987588
  • Office Name: LANDMARK PROPERTY MANAGEMENT, INC.
  • Agent Name: Jason Marcordes
  • MLS Status: Active

Additional details

  • List Office MLSID: MRD26458
  • List Agent MLSID: MRD238361
  • List Date: 2024-03-04T11:53:45.000Z
  • Cooling: None
  • Tax Annual: 17682
  • Tax Year: 2022
  • County: Cook

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