7408 S Emerald AVE Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60621
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12074286
Bedrooms 6
Year Built 1913
Annual Tax Amount $2,743
Tax Year 2023
Property Description
Great Investment Opportunity! Solid Brick 4 Unit Building with 2 car detached brick garage and full, unfinished basement! Two - 2 bedroom units and two - 1 bedroom units - all with large living and dining rooms! Units 2 and 4 are currently rented month to month and Unit 3 is rented to a long term Section 8 tenant. Unit 1 is currently vacant. Unit1 has been recently painted and refreshed and units 2 and 4 were updated in 2020 with refinished hardwood floors, fixtures and interior paint! Water heater and furnace were replaced in 2022! Unit 1 needs updates/repairs. Rents haven't been increased since 2019 and could be substantially increased! SELLER IS SENDING NOTICES TO INCREASE CURRENT RENTS AND RENT THE VACANT UNITS AND NEW MONTHLY RENT IS EXPECTED TO Increase to 4,045. The seller will accept offer contingent on providing updated leases. Being sold As Is.
Location
State IL
County Cook
Area Chi - Englewood
Interior
Heating Natural Gas,Forced Air
Equipment Ceiling Fan(s)
Exterior
Garage Detached
Garage Spaces 2.0
Community Features Curbs,Sidewalks,Street Lights,Street Paved
Waterfront false
Roof Type Asphalt
Building
Lot Description Fenced Yard
Dwelling Type Two to Four Units
Sewer Public Sewer
Water Lake Michigan,Public
New Construction false
Schools
School District 299 ,299, 299
Others
Special Listing Condition None