$500,000
$479,900
4.2%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
2 Baths
SOLD DATE : 12/12/2024
Key Details
Sold Price $500,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12176228
Sold Date 12/12/24
Bedrooms 6
Year Built 1958
Annual Tax Amount $10,054
Tax Year 2023
Lot Dimensions 10,927
Property Description
Calling all investors looking for a turnkey rental property! Beautifully rehabbed all-brick 2-flat with 2.5 car garage and full basement (for a possible third unit for extra cash flow) now available in Chicago Ridge! The recently remodeled, spacious units both feature three bedrooms, beautiful refinished hardwood floors, modern high-end kitchens and bathrooms equipped with upgrades such as quartz countertops, new stainless steel appliances, and soft-close shaker-style cabinets. The entire building has new energy-efficient windows, and each unit also includes its own separate furnace and AC unit, delivered via forced air, along with brand-new hot water tanks, and updated copper plumbing throughout. Additionally, all utilities are metered separately for easy management, and a third electrical meter is present when you decide to finish a third basement unit. Property also includes a detached 2.5-car brick garage and a new brick paver walkway leading out to a spacious backyard. The huge backyard your tenants will love is perfect for BBQs or quality time together with the family. Use the rental income of one unit to subsidize a portion of your mortgage on the second unit while you live there, or finish out the basement as a legal third unit and maximize cash flow from your new investment property! Coin operated washer and dryer located in basement for increased revenue potential. Potential to rent garage for even greater cash flow. Both three-bedroom units are currently leased with excellent tenants. Schedule your showing today!
Location
State IL
County Cook
Area Chicago Ridge
Rooms
Basement Full
Interior
Heating Natural Gas, Forced Air
Equipment Sump Pump
Fireplace N
Exterior
Parking Features Detached
Garage Spaces 2.5
Roof Type Asphalt
Building
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
School District 127.5 , 127.5, 218
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Maria Buitron • RE/MAX LOYALTY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "