317 E 116th ST Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60628
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 11994254
Maintenance Fees $1,149
Year Built 1902
Annual Tax Amount $2,832
Tax Year 2021
Property Description
AMAZING CASH FLOW BUILDINGS IN THE HOT WEST PULLMAN! 2 BUILDINGS FOR THE PRICE OF 1 BUILDING! REHABBERS SPECIAL! OWNER FINANCING AVAILABLE! THE FRONT BUILDING HAD A FIRE LAST YEAR. 2 OUT OF 4 UNITS REQUIRE GUT REHAB! THE FRONT BUILDING REQUIRE A NEW ROOF. REAR BUILDING'S @ UNITS ARE IN RENTABLE CONDITION. OWNER WILL CONCIDER $10,000 DOWN PAYMENT OWNER WILL EXTEND LOAN BALANCE FOR 12 MONTHS TO ALLOW THE BUYER TO FINISH REHABBING THE BUILDING. BEST ESTIMATES ARE THAT IT WILL COST 60,000 TO FINISH ALL NECESSARY REHABILITATION OF THE FRONT BUILDING. PARTNERSHIP FEELS CONFIDENT THAT WHEN FINISHED AND APARTMENTS RENTED THAT THE PROPERTY WILL SELL FOR $300,000 AND POSSIBLY MORE!!!
Location
State IL
County Cook
Area Chi - West Pullman
Interior
Cooling None
Building
Dwelling Type Multi Family 5+