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Listed by Lee Cherneyof Compass
$74,999
Est. payment /mo
Price Dropped by $5K
235 W Van Buren Street #262-264-288-292 Chicago, IL 60607
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Key Details
Property Type Vacant Land
Sub Type Deeded Parking/Boat Slips
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12636423
HOA Fees $78
Year Built 2009
Annual Tax Amount $963
Tax Year 2024
Lot Dimensions 8x12
Property Sub-Type Deeded Parking/Boat Slips
Property Description
Solid investment opportunity to purchase a bundle of 4 deeded garage parking spaces in the heart of the loop! Ideal, low maintenance passive income yielding 6%+. These have been easy to rent out over the years with no vacancy. Available to both residents of the condo building and outside renters. Parking spaces are 262, 264, 288 and 292 located on the 7th floor of 235 W Van Buren. The going rental rates are approx $250/month per space. Enjoy 24-hour door staff and a controlled, secure entrance. Ideal for Loop commuters or investors seeking premium downtown parking. Easy, armchair investment: you don't have to worry about any maintenance or upkeep - just sit back and collect the rent!
Location
State IL
County Cook
Interior
Fireplace N
Exterior
View Y/N true
Others
Ownership Fee Simple
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Patrick Clarke
Broker | License ID: 471.007683