An excellent opportunity to own a fully renovated 8-unit multifamily building in a thriving Chicago neighborhood. Each unit features 2 bedrooms, and all are currently leased, generating $111,000 annually in rental income. Over the years, the property has been thoughtfully updated with newer water heaters, furnaces, and A/C units. All units have been gut rehabbed, offering sleek kitchens, modern bathrooms, and updated flooring throughout. Tenants pay their own gas and electricity, keeping operating expenses low. All appliances are included, and the building has been consistently well-maintained with minimal ongoing maintenance needs. Ideally located across from Piotrowski Park, residents enjoy convenient access to green space, daily exercise, and family-friendly activities. The surrounding neighborhood is vibrant and walkable, with local dining, shops, and public transportation nearby. This is a turnkey investment; just purchase and start collecting rent.
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For more information about 4200 W 31st, Chicago, IL 60623 contact Corcoran Urban Real Estate.
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