Corcoran Urban Real Estate
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44 Properties Within 0.5 miles of: 4142 W Jackson, Chicago
This property has been relisted under a new number. Please click here to view the new listing.

4142 W Jackson
Chicago, IL 60624

  • Built In 1923
Price

$615,000

Est Payment
$3,881 / month (details)  
Taxes
$2,676  
Type
Multi Family 5+  
Sq. Ft.
n/a  
Lot Size
3025  
Built
1923  
Neighborhood
West Garfield Park  
MLS
#11788703
Status
Sold (7/28/2023)

Property Description

Welcome to your dream investment opportunity! This remarkable brick 6 unit building presents a lucrative prospect for savvy investors in the highly sought-after real estate market. With a prime location and impressive features, this property offers incredible potential for both immediate income and long-term growth. Comprising six units, this well-maintained building is a testament to quality craftsmanship and thoughtful design. The property consists of three spacious 3-bedroom, 1-bathroom units and an additional three comfortable 2-bedroom, 1-bathroom units. This diverse mix provides flexibility to accommodate a range of tenants, enhancing the appeal and marketability of the property. All occupied units have CHA tenants, ensuring a steady and reliable income. With this income stream already in place, you can start reaping the rewards of this investment from day one. One of the standout features of this property is the low real estate taxes, which contributes to its exceptional profitability. Additionally, each unit benefits from gas forced air and separate utilities, allowing for easy management and cost efficiency. The entire building was gut rehabbed with approved plans and permits providing peace of mind to the new owner. To further facilitate a seamless transition, the current management team is willing to stay on board and continue maintaining the building. Their familiarity with the property and expertise in property management will be invaluable, ensuring uninterrupted operations and tenant satisfaction. This investment gem presents an outstanding opportunity for the astute buyer seeking a cash cow in the real estate market. With its attractive location, robust rental income, low taxes, and professional management team, this property has all the elements necessary for a successful investment venture. Don't miss out on this chance to secure your financial future. Act now and make this brick 6 unit building the centerpiece of your real estate portfolio. Contact us today to schedule a viewing and discover the boundless potential awaiting you!

Property Map

Property Details

Utilities

  • Heating
  • Cooling
  • Water
  • Sewer

Additional Information

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

05-21-2023 Listed at $690,000
07-13-2023 Status changed to Under Contract
08-01-2023 Status changed to Closed
07-28-2023 Sold at $615,000
Last Modified 8/1/23 4:33 PM

Nearby Transportation

  • Bus 126 < 0.1 mi
  • Bus 7 0.2 mi
  • Bus 53 0.2 mi
  • Bus 20 0.2 mi
  • Bus 12 0.8 mi
  • Bus 54 0.8 mi
  • Bus 57 0.8 mi
  • Bus 82 1.0 mi
  • Bus 52 1.2 mi
  • Blue Line 0.3 mi
  • Green Line 0.6 mi
  • I 290 East 0.4 mi
  • I 290 West 0.5 mi
  • I 55 South 3.5 mi
  • I 55 North 3.6 mi
  • I 90 West 3.9 mi
  • I 94 West 3.9 mi
  • I 90 East 3.9 mi
  • I 94 East 3.9 mi
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