$375,000


10 Bed, 0 Bath, Approx - Sq Ft


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Property is encumbered by a Regulatory and Land Use Restriction Agreement from the Illinois Housing Development Authority (IHDA), certain covenants of which bind any future ownership to certain duties, responsibilities, and restrictions. Property currently has a 1% loan with approx. 20 years remaining which may be assumable . IHDA approval of sale is required. The subject is an extremely well maintained and managed multifamily building with stable subsidized rents in Chicago's West Garfield Park Neighborhood. The property features two 2 Bed/1 Bath units and two 3 Bed/1 Bath units. The first-floor unit is handicap accessible. Each unit has its own, resident controlled forced air furnace and central AC. Add this building to an existing portfolio by assuming a 1% interest loan from the Illinois Housing Development Authority.

Status: CLSD


Partner Agent

Tom Brown

Phone: 312-502-8213

Email: tb@sparrowrealty.us




Assigned Schools:
School Low Grade High Grade SchoolSparrow Score
Tilton Elem School PK 8 1
Orr Academy High School 9 12 C

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