$1,975,000
$2,100,000
6.0%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 08/11/2025
Key Details
Sold Price $1,975,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12368751
Sold Date 08/11/25
Maintenance Fees $3,000
Year Built 1892
Annual Tax Amount $19,378
Tax Year 2023
Lot Dimensions 25X125
Property Sub-Type Multi Family 5+
Property Description
Everything is NEW on this turnkey 6 unit investment property in West Town / Nobles Square featuring almost $17,000 per month of rental income and an impossible to find 7% Cap Rate on a gut rehabbed building. The subject property underwent complete interior + exterior renovations in 2022-2023, fully leased to high quality tenants, and now positioned for a low maintenance / long term hold. The all brick building is comprised of four (4) two bed / one bath simplexes and two (2) three bed / two bath duplexes. The building features new high end finishes, and modern amenities including central A/C, in unit washer dryer, and a rooftop common deck with city skyline views. The location is ideal for tenants that want easy access to transportation and downtown. Only a 10 minute walk from the heart of white hot West Loop business district.
Location
State IL
County Cook
Area Chi - West Town
Interior
Cooling Central Air
Fireplace N
Building
Structure Type Brick
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Tan Su • Kale Realty
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