122 Menard Avenue, Austin, Chicago, Illinois 60644
$480,000
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Sold
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| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 8 |
| Baths: | 0 |
| Year Built: | 1959 |
| Property Taxes: | $2,614 |
| Days On Market: | 857 |
| Lot Size: | 0,00 |
Description
Welcome to this exceptional investment opportunity! Presenting an all-brick 4-flat building that generates an impressive $50,000 in rental income annually. This property is a true gem, boasting four well-maintained 2-bedroom, 1-bathroom units, each designed with a spacious living room/dining room combo, and large eat-in kitchens adorned with elegant white cabinets. Enjoy the ease of ownership with "nothing to do but buy and start cash-flowing day 1!" All four units are rented with leased to section-8 tenants, offering an ideal investment for savvy investors looking for immediate returns. Moreover, this 4-flat offers a unique advantage of separate basements for each unit, providing additional space for tenants' storage needs. This thoughtful feature enhances tenant satisfaction and convenience, setting it apart from other properties in the area. Seize this incredible chance to close the deal and start collecting rent immediately! The property's robust rental income, combined with its turnkey condition, promises a seamless investment journey, whether you're a seasoned investor or entering the real estate market for the first time. This unique opportunity won't last long! Don't miss your chance to own a rock-solid, cash-flowing asset with tremendous potential for long-term growth. Act now and capitalize on this outstanding 4-flat building in a prime location. Reach out today to secure your future and embark on a rewarding investment venture! Tenant Pays Utilities.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1959 | |
| — | |
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| No | |
| 0 |
| Cook | |
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| — / — | |
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| 11834368 | |
| 16084140330000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 23 Aug, 2018 | Sold | $110,000 | MRED MLS |
| 18 Jul, 2018 | Under contract | $119,900 | MRED MLS |
| — | Last price change | $129,900 | MRED MLS |
| 30 Dec, 2017 | Listed for sale | $231,290 | MRED MLS |
| 23 Jun, 2021 | Sold | $287,500 | MRED MLS |
| 12 May, 2021 | Under contract | $349,500 | MRED MLS |
| 5 May, 2021 | Listed for sale | $349,500 | MRED MLS |
| 14 Sep, 2023 | Sold | $480,000 | MRED MLS |
| 5 Aug, 2023 | Under contract | $499,000 | MRED MLS |
| 17 Jul, 2023 | Listed for sale | $499,000 | MRED MLS |
Room Specifics
Total Bedrooms: 8
Bedrooms Above Ground: 8
Bedrooms Below Ground: 0
Dimensions: —
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Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: Unfinished,Egress Window
Other Specifics
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| 57X49 | |
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| Not in DB | |
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| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2018 | $3,809 |
| 2021 | $3,828 |
| 2023 | $2,614 |
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Listing Provided By
Exit Strategy Realty
