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9211 S Laflin Street,  Chicago IL, 60620

(Active)
$1,425,000
|
|
MLS# 11987588
Last Updated: 6/10/2024 10:20 AM
Description for 9211 S Laflin Street Chicago, IL 60620
Discover the perfect investment with this 15-unit brick property, currently bringing in $15,680/month in gross 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.
Price
$1,425,000
Cook
11987588
Active
Description
Discover the perfect investment with this 15-unit brick property, currently bringing in $15,680/month in gross 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.
Listing Information
Property Type: Multi-Family, Business Opportunities, 3+ Story
1931 4 Brick
Concrete Perimeter
Public
Cable Available
15 Total
Multi-Family
Neighborhood
Room Information
Interior Features
None
Exterior / Lot Features
Brick
90X125
MULTI
Driving Directions
93rd to Laflin, North on Laflin to property.
Financial Considerations
25053100050000
$17,682
Listing Price History

Chicago Real Estate

Chicago is located in Illinois. Chicago, Illinois 60620 has a population of 2,781,445.

The median household income in Chicago, Illinois 60620 is $39,596. 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 60620 is 38 years.

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Courtesy: Landmark Property Management, Inc.
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Listings courtesy of MRED as distributed by MLS GRID

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This content last refreshed on 6/10/2024 10:20 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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