$430,000
$440,000
2.3%For more information regarding the value of a property, please contact us for a free consultation.
2131 N Lorel AVE Chicago, IL 60639
8 Beds
4 Baths
3,049 Sqft Lot
Key Details
Sold Price $430,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10762951
Sold Date 10/30/20
Bedrooms 8
Year Built 1912
Annual Tax Amount $5,495
Tax Year 2018
Lot Size 3,049 Sqft
Lot Dimensions 25X125
Property Sub-Type Two to Four Units
Property Description
This BEAUTIFULLY maintained and recently updated building is the self sufficient investment that you've been looking for! Tear off roof in 2012, updated units done in 2015, and tuck-pointing done in 2018. Copper plumbing, new electrical wiring, 4 legal units, 4 separate gas meters and 4 separate electric meters, 4 separate utility rooms and coin operated laundry makes this thing a truly self sufficient CASH COW. Currently owned by a GC, the owner has been able to easily maintain the building with top quality craftsmanship. Fully rented at market value this could easily yield a 12%+ CAP RATE. Currently 2 units vacant and 2 units occupied: 1 unit is on a lease until the end of August, the other is on a lease until the end of next May (both are paying WAY below market value). Easily rentable to long term tenants being steps away from public transportation, elementary, middle and high schools. FHA/Conventional/Cash, bring your best offer - this is a TURN-KEY investment!
Location
State IL
County Cook
Area Chi - Belmont Cragin
Rooms
Basement Full, Walkout
Interior
Heating Forced Air
Fireplace N
Building
Sewer Other
Water Lake Michigan
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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Bought with Nick Libert • Exit Strategy Realty