$750,000
1406 S Hamlin Avenue
Chicago, IL, 60623
Attention Investors!! This is a fully remodeled, fully occupied six-unit building. It has a 10 cap rate and a 22-25 return on investment!! The building has many new updates: copper plumbing, individual hot water tanks, rubber roof covering, laminate flooring, updated kitchens and baths, newer windows, electrical, duct work, and separate high-efficiency furnaces in each unit. all units are 3 bedrooms. Total income 115,200/year. Each unit is metered individually for gas and electric. Taxes are low. Check the ATTACHED DOCUMENT FOR CURRENT NUMBERS AND RETURNS. Only 1-2 units will be available to view until after under contract
Property Details
Price:
$750,000
MLS #:
MRD12213210
Status:
Active Under Contract
Beds:
0
Baths:
0
Address:
1406 S Hamlin Avenue
Type:
Commercial
Neighborhood:
CHI – North Lawndale
City:
Chicago
Listed Date:
Nov 25, 2024
State:
IL
ZIP:
60623
Lot Size:
3,750 sqft / 0.08 acres (approx)
Year Built:
1916
Schools
Interior
Cooling
None
Exterior
Roof
Composition
Financial
Tax Year
2022
Taxes
$5,900
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
More About DebraMortgage Calculator
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