$1,299,000
9211 S Laflin Street
Chicago, IL, 60620
Discover the perfect investment with this 15-unit brick property, currently bringing in 16,305/month in rents. This property features a desirable mix of two-bedroom, one-bedroom, and studio apartments, plus an adjacent parking lot for tenant use. Located on a desirable block, this property boasts spacious living spaces that cater to a wide range of tenants. Meticulously maintained, it demonstrates the owners’ commitment to quality, with a gas forced air system for efficient heating and separate utilities to minimize landlord expenses. Situated in a safe, quiet area just 20 minutes from the loop, tenants enjoy proximity to amenities, including shopping, dining, parks, and public transport. Offering a mix of rehabbed, updated, and vintage units, this property presents a significant value-add opportunity through potential rent increases, further renovations, and additional income streams like paid parking. An exceptional chance for both seasoned investors and newcomers, this property promises stability and significant growth potential. May be purchased as a portfolio with 6221-6235 W Wabansia, Chicago, MLS#11984243.
Property Details
Price:
$1,299,000
MLS #:
MRD11987588
Status:
Active Under Contract
Beds:
0
Baths:
0
Address:
9211 S Laflin Street
Type:
Commercial
Neighborhood:
CHI – Washington Heights
City:
Chicago
Listed Date:
Mar 4, 2024
State:
IL
ZIP:
60620
Year Built:
1931
Schools
Interior
Cooling
None
Exterior
Construction Materials
Brick
Financial
Tax Year
2022
Taxes
$17,682
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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9211 S Laflin Street
Chicago, IL
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