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Listed by Maria Castilloof RE/MAX Mi Casa
$799,000
Est. payment /mo
Active Under Contract
3251-53 S WOOD Street Chicago, IL 60608
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Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12628713
Year Built 1893
Annual Tax Amount $12,456
Tax Year 2024
Lot Dimensions 6622
Property Sub-Type Multi Family 5+
Property Description
Excellent opportunity in the McKinley Park area! Well-maintained 6-unit brick building featuring spacious 3-bedroom units with formal dining rooms, offering comfortable layouts that appeal to a wide range of tenants. The property is fully occupied with month-to-month tenancies, providing immediate rental income along with flexibility for future adjustments. Current rents are below market value, presenting strong upside potential for increased cash flow. Conveniently located near the Orange Line and Ashland bus, with easy access to transportation, shopping, and neighborhood amenities. Showings will begin with two units, with additional access provided upon accepted offer. A solid investment opportunity with long-term growth potential in a prime location.
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling None
Fireplace N
Exterior
View Y/N true
Roof Type Rubber
Building
Structure Type Brick
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Patrick Clarke
Broker | License ID: 471.007683