394 W Lincoln HWY new Save Request In-Person Tour Request Virtual Tour
Chicago Heights,IL 60411
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 5,305 sqft
Price per Sqft $108
MLS Listing ID 12508697
Maintenance Fees $2,500
Year Built 1926
Annual Tax Amount $15,107
Tax Year 2023
Lot Dimensions 118X128
Property Sub-Type Multi Family 5+
Property Description
Newly rehabbed 5 unit building with extremely strong rents! Boasting an 8.43% cap rate providing 10.09% cash on cash return, this is a strong turnkey investment. This building has been turned over and updated over the last year with new/refinished flooring through most of the apartments, fresh paint, new or freshened up cabinets, several updated bathrooms, several updated countertops, and exterior updates/repairs. Plenty of parking and large floorplans make this an easy to rent building.
Location
State IL
County Cook
Area Chicago Heights
Zoning COMMR
Rooms
Basement Finished
Interior
Cooling Window Unit(s)
Fireplaces Number 2
Fireplace Y
Building
Dwelling Type Multi Family 5+
Structure Type Brick