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4202 S Western Avenue,  Chicago IL, 60609

(Active)
$400,000
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MLS# 12013790
Last Updated: 4/29/2024 4:03 AM
Description for 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!
Price
$400,000
Cook
12013790
Active
Description
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!
Listing Information
Property Type: Mixed Use, Business Opportunities, 2 Story
0.07 Acres 1918 2
South Chicago//
3 Total
Neighborhood
Room Information
Interior Features
None
Exterior / Lot Features
25X125
Driving Directions
Take Western Avenue South to the property, store front entrance.
Financial Considerations
19012230270000
$3,238
Listing Price History

Chicago Real Estate

Chicago is located in Illinois. Chicago, Illinois 60609 has a population of 2,781,445.

The median household income in Chicago, Illinois 60609 is $41,294. The median household income for the surrounding county is $68,916 compared to the national median of $66,222. The median age of people living in Chicago 60609 is 38 years.

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Courtesy: First Midwest Realty LLC
Listings courtesy of MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 4/29/2024. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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This content last refreshed on 4/29/2024 4:03 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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