$480,000
8 Bed, 0 Bath, Approx - Sq Ft
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Looking for an armchair investment with a generous return? Check out this four-unit, townhouse style brick building on corner lot. Generating an 8% cap rate as long-time owner passes utility expenses through to tenants. Two units recently renovated and vacant, making for easy first showing. Two occupied units are on month-to-month leases. Not much to do in terms of value-add, just a good, solid cash machine. Possible exit strategy: divide property into four PINs, sell units as fee simple townhouses, which most recently command up to $200,000 in Bellwood. Plenty of on-street parking available on Jackson and Eastern. Highest and best due 4 pm Friday, March 25.
Status: CLSD
Partner Agent
Tom Brown
Phone: 312-502-8213
Email: tb@sparrowrealty.us
Assigned Schools:
| School | Low Grade | High Grade | SchoolSparrow Score | Lincoln Elementary School | KG | 5 | 5 | Proviso Math and Science Academy | 9 | 12 | 10 | Roosevelt Middle School | 6 | 8 | 3 | Proviso East High School | 9 | 12 | 1 | Proviso West High School | 9 | 12 | 1 |
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