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Key Details
Sold Price $774,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10403834
Sold Date 07/09/19
Style Contemporary
Bedrooms 6
Year Built 2018
Annual Tax Amount $8,000
Tax Year 2017
Lot Dimensions 24 X 126
Property Sub-Type Two to Four Units
Property Description
Tri-Taylor/Medical District Built New 2018 3-flat Investment Opportunity. 7.4% Cap Rate, 11.28 GRM. Absolute Turnkey Opportunity for the discerning investor. Located just blocks from the Western Blue Line entrance and moments from the 290 on-ramp. Area enjoys fast turnaround on rentals, low vacancy rates and excellent rents as it supplies much of the Illinois Medical District and is a great West Loop alternative. Built at grade, all units are 2 bed/ 2 bath complete condo quality design and finish including Stainless appliances, over-sized single bowl sink, quartz counter tops, transitional design, stained hardwood floors, separate HVAC, washer/dryers in unit, extra-large showers in the Master bath with handheld & bench, 3 parking spaces. $70,800 Annual Gross Revenue, Stabilized. 3rd party 1 Year Warranty program included. Pictures of past sale 2424 & 2426 Fillmore. Same builder. Equal finishes. 48 hours notice needed.
Location
State IL
County Cook
Area Chi - Near West Side
Zoning MULTI
Rooms
Basement None
Interior
Heating Natural Gas
Equipment TV-Cable, Intercom, CO Detectors
Fireplace N
Exterior
Exterior Feature Deck, Cable Access
Community Features Sidewalks, Street Lights, Street Paved
Roof Type Rubber
Building
Lot Description Common Grounds
Foundation No
Sewer Public Sewer
Water Lake Michigan
New Construction true
Schools
Elementary Schools Jensen Elementary School Olastic
High Schools Manley Career Academy High Schoo
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Lawrence Dunning • Main Street Real Estate Group