ATTENTION INVESTORS: TURNKEY MULTI-FAMILY WITH MAJOR CASHFLOW! This fully occupied 4-unit investment property in Chicago Heights is a certified cash cow, boasting a phenomenal 11.5% Cap Rate (at a conservative 35% expense ratio) and generating a powerful $5,650 in total monthly gross rent. The unique, high-yield layout features 6 bedrooms and 4 bathrooms in total, split between a solid 3-unit main building and a highly desirable, private 1-unit coach house situated above the rear garage. Every single unit has been newly renovated with crisp, modern finishes and a clean look that commands top-tier area rents: Unit 1 is a massive 3-bed/1-bath rented at $1,800/mo, Unit 2F is a 1-bed/1-bath at $1,300/mo, Unit 2R is a 1-bed/1-bath at $1,100/mo, and the ultra-private Coach House is a 1-bed/1-bath at $1,450/mo. With all tenants paying their own separate electric and gas utilities, this property minimizes landlord overhead and provides an unbeatable, immediate addition to your portfolio.
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For more information about 100 W 19th, Chicago Heights, IL 60411 contact Corcoran Urban Real Estate.
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