$385,000
4202 S Western Avenue
Chicago, IL, 60609
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
Tax Year
2021
Taxes
$3,238
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 Midwest Realty LLC. 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.
4202 S Western Avenue
Chicago, IL
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