Description
Gorgeous, well-constructed 6-unit brick building in beautiful Oak Forest. The property goes a step beyond the basic cookie-cutter brick building with well thought out architectural elements on the exterior, a large lot with plenty of parking in the rear, and adjacent to a scenic wooded creek. The building itself features (4) 2-bedrooms, (2) 1-beds and brings in a healthy $72,000 in gross income per year. Value add opportunities are abundant with room to raise rents to market-rate, which would increase total gross income to approximately $88,000. A savvy investor could also convert the currently empty, unused basement into a 7th unit. Tenants pay for electric. This is a rarely available opportunity in a fantastic neighborhood.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Gorgeous, well-constructed 6-unit brick building in beautiful Oak Forest. The property goes a step beyond the basic cookie-cutter brick building with well thought out architectural elements on the exterior, a large lot with plenty of parking in the rear, and adjacent to a scenic wooded creek. The building itself features (4) 2-bedrooms, (2) 1-beds and brings in a healthy $72,000 in gross income per year. Value add opportunities are abundant with room to raise rents to market-rate, which would increase total gross income to approximately $88,000. A savvy investor could also convert the currently empty, unused basement into a 7th unit. Tenants pay for electric. This is a rarely available opportunity in a fantastic neighborhood.
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