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Listed by Helen Baileyof Pioneer Realty Group LLC
$795,000
Est. payment /mo
5,000 SqFt
Active Under Contract
2423 N Long Avenue Chicago, IL 60639
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Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $159
MLS Listing ID 12414970
Year Built 1925
Annual Tax Amount $6,267
Tax Year 2023
Lot Dimensions 30X126
Property Sub-Type Multi Family 5+
Property Description
Rare chance to own a 6-unit, two-building property in vibrant Belmont Cragin. This unique setup includes a front brick 3-flat with a garden unit and two 2 bedroom apartments-plus a huge unfinished attic with vaulted ceilings offering potential for a 7th unit or duplex. The coach house has 3 updated units and features a courtyard with a BBQ area. Four of six units have been recently updated with stainless appliances, new flooring, fresh paint, and refinished hardwoods. Key upgrades include new roofs (2018) and new water heaters (2020). Rents are currently below market, nearly all tenants are MTM, offering room to boost income and cash flow. With two buildings on one lot and low taxes, this is a great opportunity for strong returns.
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Finished, Exterior Entry, None
Interior
Cooling None
Fireplace Y
Exterior
View Y/N true
Building
Foundation Concrete Perimeter
Water Municipal Water
Structure Type Brick,Wood,Vinyl Siding
Others
HOA Fee Include None
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