Rents have increased to provide a buyer with a 10.3% CAP Rate on this ideal investment opportunity. This meticulously maintained, 3-unit apartment building is fully occupied, with 2 long-term tenants, and bringing in over $20K per year in NOI. The two 1st floor units feature spacious living rooms and hardwood floors throughout living room and both bedrooms; units offer a large eat-in kitchen with ceramic tile floors. The 2nd floor unit has private entrance, large living room and extra large bedroom with eat in kitchen and newer carpeting. Property has central heat and A/C. Both A/C units are approx. 10 years old and function as intended. Tenants pay their own electric and gas - all separately metered. Sale includes 3 refrigerators, 3 stoves and washer/dryer. PROPERTY IS NOT APPROVED FOR FHA FINANCING -- ONLY CASH OR CONVENTIONAL FINANCING. Property is in great condition, but will be sold "AS-IS". Property has already passed village inspection. Previous deals fell through due to buyers financing.
Property Map
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Property Details
Utilities
Heating Natural Gas, Forced Air
Cooling
Water Public
Sewer Public Sewer
Additional Information
Parking
2 Parking Spaces, Off Street, Parking On Site, Owned, Parking included in price
Schools
Bloom High School (206), Chicago Heights Middle School (170), Roosevelt Elementary School (170)
Payment Calculator
Listing History
01-18-2023
Listed at $215,000
02-21-2023
Status changed to Under Contract
02-28-2023
Status changed to Active
05-01-2023
Status changed to Under Contract
05-01-2023
Price decreased by $215,000 to $0
05-01-2023
Status changed to Unset
05-01-2023
Price increased by $215,000 to $215,000
05-01-2023
Status changed to Under Contract
06-26-2023
Status changed to Active
07-07-2023
Status changed to Under Contract
07-14-2023
Status changed to Active
07-20-2023
Status changed to Under Contract
07-28-2023
Status changed to Active
12-06-2023
Status changed to Under Contract
01-24-2024
Status changed to Closed
01-24-2024
Sold at $200,000
Last Modified 1/24/24 4:04 PM
Nearby Transportation
Hwy 394 South
2.8 mi
Hwy 394 North
3.1 mi
I 294 South
4.4 mi
I 80 East
4.4 mi
I 294 North
4.7 mi
I 80 West
4.7 mi
For More Information
(312) 528-9200
For more information about 1123 Grant, Chicago Heights, IL 60411 contact Corcoran Urban Real Estate.
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Listing provided by BHHS Chicago
All information provided is deemed reliable but is not guaranteed and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Urban Real Estate are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
