4004 W Wilcox ST Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60624
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12086776
Bedrooms 11
Year Built 2007
Annual Tax Amount $7,636
Tax Year 2022
Lot Size 2,613 Sqft
Property Description
Perfect house-hacking opportunity! Live for free, while the other 3 units pay for your mortgage. Built in 2007, and updated over the last few years, this building features hardwood floors throughout for units 1-3. Basement unit has 9 ft high ceilings, private washer/dryer, and can have a 3rd bedroom added. 3 units each have 3 bed/2 bath, with primary suites with full baths, walk-in closets, and lots of storage. Unit 1 has all-new stainless steel Samsung appliance package. Most of the appliances in the building have been changed in the last 3 years, along 3 new hot water tanks. The top floor has vaulted ceilings. All units are set up to easily add a washer/dryer in the unit. All separate utilities. Owner pays only for water and common electricity. Huge metal porches in the rear, and all-gated front and rear parking areas. Great income potential and is a turn-key investment. It will not last long! Fully rented with long-term tenants, all month-to-month. Rents can all be raised. Monthly income can easily be increased to $6,400/month by applying for increases with CHA or if owner adds washer/dryer in the unit, the income could be $86,400/year, and a cap rate after expenses of 13.5%. FHA approved. Must see!
Location
State IL
County Cook
Area Chi - West Garfield Park
Zoning MULTI
Interior
Heating Natural Gas
Exterior
Waterfront false
Building
Dwelling Type Two to Four Units
Sewer Public Sewer
Water Public
New Construction false
Schools
School District 299 ,299, 299
Others
Special Listing Condition None