$1,950,000
3245 W 23rd Street
Chicago, IL, 60623
Welcome to the perfect investment opportunity in the vibrant neighborhood of Little Village! Presenting a 10-unit multifamily building that combines the benefits of a prime location, below market rents, and recently rehabbed units. This property offers tremendous potential for both immediate cash flow and long-term growth. One of the standout features of this multifamily building is its below market rents. With rental rates lower than the prevailing market rates in the area, this property provides a unique advantage. This presents an excellent opportunity for an investor to capitalize on the potential for increased cash flow. By gradually raising the rents to market levels, you can significantly boost your monthly income and enhance the overall profitability of the investment. Located in the vibrant community of Little Village, this building is situated in an area experiencing rapid growth and development.
Property Details
Price:
$1,950,000
MLS #:
MRD11876743
Status:
Active
Beds:
0
Baths:
0
Address:
3245 W 23rd Street
Type:
Commercial
City:
Chicago
Listed Date:
Sep 5, 2023
State:
IL
ZIP:
60623
Year Built:
1960
Schools
Interior
Exterior
Financial
Buyer Agent Compensation
2%-500Net Sale Price
Tax Year
2021
Taxes
$7,843
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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Courtesy of First Western Properties. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Chicago, IL. Detailed information about real estate listings held by brokerage firms other than Compass / The Debra Dobbs Group include the name of the listing broker. Neither the listing company nor Compass / The Debra Dobbs Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Chicago, IL. All rights reserved.
3245 W 23rd Street
Chicago, IL
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