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About the Listing 16047 - 130111
Exceptional cash-flow opportunity in Chicago's Auburn Gresham neighborhood! This solid five-unit brick building features an attractive unit mix of two spacious 2-bedroom apartments and three generously sized 1-bedroom apartments, providing a diversified rental income stream. Several units have been updated with recent renovations, offering immediate rental appeal while presenting additional value-add potential through future improvements and rent optimization. The property is heated by a newer, central boiler system, helping to simplify maintenance and operating expenses. Water heater and electric meters have also been updated. Conveniently located within walking distance of a Metra station, multiple bus lines and grocery stores, the building offers excellent commuter access, supporting strong tenant demand and occupancy. Rent roll and expenses are available upon request for qualified buyers. One unit is currently vacant. No representations are made regarding the legality of garden unit.
Listing Highlights
Status
Active
Days on Site
16
Property Type
Multi-Family
MLS ®
12691638
Year Built
1929
Total Square Footage
3,994
Lot/Acreage
0.09
County
Cook
Area
CHI - Auburn Gresham
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Central Bldg Heat,Gas,Radiators
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Partially Finished
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 30 x 135
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $5,288
- Taxes w/Assessments: N/A
- Tax/Property ID: 25051090180000
- Tax Year: 2024
Payment Calculator
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Questions About..
1526 W 89th St Chicago, IL 60620
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