$670,000
$729,900
8.2%For more information regarding the value of a property, please contact us for a free consultation.
2926 S Wallace ST Chicago, IL 60616
Key Details
Sold Price $670,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11234757
Sold Date 03/16/22
Year Built 1890
Annual Tax Amount $12,269
Tax Year 2020
Lot Dimensions 25X125
Property Sub-Type Multi Family 5+
Property Description
Rare opportunity for a brick 6 unit building with room to improve pro forma rents. Each unit is a 2 bedroom and 1 bath. Rents currently underperforming because of long term tenants but new owner could add large amounts of value in a strong rental neighborhood. Currently the building grosses over $61,000 of rental income. 2 car brick garage creating additional income. All appliances stay with building. Tuckpointing and new roof are only 4 years old. Full unfinished basement for additional value. Healy District and close to shopping, public transportation and expressways makes this a very easy building to rent out.
Location
State IL
County Cook
Area Chi - Bridgeport
Interior
Fireplace N
Building
Level or Stories 3
Structure Type Brick
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Bought with Mitir Patel • Dream Town Realty
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