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4734 S Prairie AVE Chicago, IL 60615
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Key Details
Sold Price $830,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11419692
Sold Date 10/08/22
Bedrooms 10
Maintenance Fees $1,500
Annual Tax Amount $5,806
Tax Year 2020
Lot Dimensions 4025 SF
Property Sub-Type Two to Four Units
Property Description
Beautiful 3 flats grey stone building with 2 garage parking spaces locates in the emerging Bronzeville neighborhood. It is right across from the Green Line train station, 12 minutes drive away from downtown and 6 minutes drive away from the University of Chicago. Good condition finishes and fully occupied with credible tenants, Long term history fully occupied record. Leasing is never an issue. The owner has a strict background checking process to select the tenants. And the garage is used by the seller, so the new owner can rent them for additional cash flow. Ture 7% cap rate, 15%+ IRR for 10 years, and 20% turnkey building. 6% cash on cash return after debt payment! Good Deal
Location
State IL
County Cook
Area Chi - Grand Boulevard
Rooms
Basement None
Interior
Heating Electric
Fireplace N
Exterior
Parking Features Attached
Garage Spaces 3.0
Building
Sewer Other
Water Public
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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Bought with Xiansong Liu • YOUMU VENTURES LLC