West Chicago, IL 60185,131 Arbor AVE
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West Chicago, IL 60185,131 Arbor AVE
West Chicago, IL 60185,131 Arbor AVE
West Chicago, IL 60185,131 Arbor AVE
West Chicago, IL 60185,131 Arbor AVE

$350,000

Est. payment /mo

$349,900

Est.Price: ?

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131 Arbor AVE West Chicago, IL 60185

5 Beds

0.3 Acres Lot

SOLD DATE : 10/02/2024

Key Details

Sold Price $350,000

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12112461

Sold Date 10/02/24

Bedrooms 5

Year Built 1880

Annual Tax Amount $9,269

Tax Year 2023

Lot Size 0.300 Acres

Lot Dimensions 67 X 195 X 66 X 200

Property Description

WOW - WHAT A 3 FLAT OPPORTUNITY!! Why not own this building AND Live in it too!? Thats right, even qualified minimum down Buyers can secure an FHA loan on this SOLID 3-unit Building with a WALK-OUT Full-sized Basement, from the turn of the century and live almost rent-free! Thats right let someone else pay your mortgage, while enjoying life in this magnificent Historic Charmer. They just don't build them this way anymore. Sure, it may need some work, but the BONES ARE GOOD and the presence it commands in the neighborhood will only improve with upgrades you make. All of the apartments are generous sized - Units 1 & 2 are each approximately 1250 sq. ft. and the 3rd floor is very comfortable too! Rents are still far below what they could be. 2 of the apartments are heated by Hot Water Baseboard/radiator heat. The 3rd floor has Electric baseboard heaters. 1 & 2 unit has 4 A/C Units, while 3rd floor has at least 2. AND ALL 3 Tenants pay electric. Ideally - someone will see the TRUE Potential as the West Chicago Downtown Area continues to improve - NOTE Train is about 6 blocks, Reed Keppler Park / the Arc/ Turtle Splash Pool about 5 blocks, Library and Dining just 1 block +/-. As an Investor - don't just buy this and squeeze it financially - which you can ... put some money back into it and the return on your investment will be well enjoyed for years to come!

Location

State IL

County Dupage

Area West Chicago

Zoning MULTI

Rooms

Basement Full, Walkout

Interior

Heating Natural Gas, Steam, Baseboard, Radiator(s), Indv Controls, Zoned

Fireplace N

Exterior

Parking Features Detached

Garage Spaces 2.0

Community Features Sidewalks, Street Lights, Street Paved

Roof Type Asphalt

Building

Lot Description Corner Lot, Streetlights

Sewer Public Sewer

Water Public

New Construction false

Schools

School District 33 , 33, 94

Others

Ownership Fee Simple

Special Listing Condition None

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Midwest Real Estate Data (MRED) IDX
Listed by Daniel Czuba • Daniel & Associates Real Estate
Bought with Daniel Czuba • Daniel & Associates Real Estate

Neil Hackler

Real Estate Advisor | License ID: 167138

+1(773) 677-3479

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