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1248 W 83rd Street Chicago, IL 60620

$1,400,000
Active / MLS# 12781046 / Multi Unit - Multiple / Chicago
0 Beds
14000 SqFt

Excellent Investment Opportunity - 13-Unit Apartment Building! Well-maintained, 12-unit brick apartment building situated on a desirable corner lot. This property features 1 two-bedroom apartments and 3 one-bedroom apartments, with hardwood floors throughout. Additional highlights include three spacious, clean basement areas, replacement windows, updated porches, and emergency lighting. The building is tenant-occupied, providing an opportunity for immediate rental income. Significant upside potential! Current rents are below area market rates, offering an opportunity to increase rental income over time. An excellent opportunity for investors seeking a multifamily property with income growth potential or possible condominium conversion.

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Baird & Warner Jeffrey Schwartz Email

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Estimated Payment

$ 5,927.36 per month $3,602.36 Principal & Interest $1,916.67 Property Tax $408.33 Homeowner's Insurance
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Property Details

Property Type: Multi Unit - Multiple
Lot Size: 0.12 Acres
Stories: 3.0
Taxes: $23,000
Year Built: 1929

Feature Descriptions

Current Use: Multi-Family
Exterior: Brick
HVAC: Central Bldg Heat, Radiators
Lot Dimensions: 125 X 43
Parcel#: 20321300180000
Potential Use: Condominium
Tenant Pays: Electricity, Other
Units: 12

Location

See details and scored characteristics about this location.

Listing Office: KM Realty Group, LLC

Listing Office Phone: 312-283-0794



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