4202 S Western Avenue
Chicago, IL, 60609
$385,000
Beds
0 Baths
SqFt
0 Acres
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$385,000
4202 S Western Avenue
Chicago, IL, 60609
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Check out this solid brick building in the busy South Western Avenue area of Chicago. It’s a great investment with a shop on the ground floor that catches lots of foot traffic. There’s also a cozy studio apartment that’s been updated for comfort. Upstairs, you’ll find Single Room Occupancy (SRO) units that are all set according to city rules, making it a safe bet for you and a reliable place for tenants. These SRO units are almost full, bringing in $2,405 a month. Plus, the studio and the shop each add $900 a month to your earnings. ($4205/m Total) This property is in a neighborhood that’s getting more valuable, so it’s not just a buy; it’s a smart move for growing your investment. With a strong income stream, it stands out as a great choice for anyone looking to invest in a growing area. Come see why this property could be a key part of your investment future. Book your visit today!

Property Details

Price:
$385,000
MLS #:
MRD12013790
Status:
Active
Beds:
0
Baths:
0
Address:
4202 S Western Avenue
Type:
Commercial
Subtype:
Apts/Stores
City:
Chicago
Listed Date:
Mar 26, 2024
State:
IL
ZIP:
60609
Year Built:
1918

Schools

Interior

Cooling
None

Exterior

Financial

Buyer Agent Compensation
2.5% -$450Gross Lease Price
Net Operating Income
$34,072
Tax Year
2021
Taxes
$3,238
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Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.

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4202 S Western Avenue
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