10313-17 S Hale AVE Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60643
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 26,400 sqft
Price per Sqft $75
MLS Listing ID 12183975
Maintenance Fees $8,200
Year Built 1970
Annual Tax Amount $47,740
Tax Year 2023
Lot Dimensions 19907
Property Sub-Type Multi Family 5+
Property Description
Excellent investment and redevelopment opportunity! This three-story, masonry constructed, 23-unit, multi-family property is in the Beverly neighborhood directly across from the 103rd Street Metra Train Station. It features an attractive mix of 19 two-bedroom one-bathroom units, 3 three-bedroom and 1.5-bathroom units and 1 three-bedroom and two-bathroom unit. All units are centrally heated via a radiant boiler system. The cost of heating the units is the responsibility of the landlord. The units are cooled via sleeve air conditioning units. The cost of electricity is paid by the tenant. The building includes a common area laundry and features an exterior parking lot with 30 spaces. This is a value-add opportunity. There are 13 vacant units, of these at least five units are in poor condition and need complete renovation. In addition, the remaining vacant units and the occupied units present opportunities to refresh those units and command market rents which are estimated to be higher than current rents.
Location
State IL
County Cook
Area Chi - Beverly
Zoning MULTI
Interior
Cooling Wall Sleeve
Fireplace N
Building
Dwelling Type Multi Family 5+
Level or Stories 3
Structure Type Brick