1635 Oak Street Active Save Request In-Person Tour Request Virtual Tour
Chicago Heights,IL 60411
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12212225
Year Built 1893
Annual Tax Amount $14,233
Tax Year 2023
Lot Dimensions 50X185
Property Description
*Multiple offers received* This all-brick 7-unit building is the perfect investment, ideally located within walking distance to public transportation, Heights Fresh Market, BMO Bank, the Chicago Heights Public Library, and City Hall. With over 6,000 square feet of space, the property is almost fully rented and delivers impressive cash flow with a Cap Rate of 13.8! The building offers a variety of units, including: 1 spacious 3-bedroom/2-bath apartment; 1 3-bedroom/1-bath apartment; and 5 cozy 1-bedroom units. Many of the units feature charming vintage hardwood floors, with some offering upgraded kitchens and bathrooms. For additional income, there is also a coin-operated washer/dryer in place. The property has seen numerous updates, including: New roof, tuck pointing, New lentils on the front facade, New carpet in the common areas. 3 new furnaces and 2 new water heaters. Each unit has individual heat, and tenants are responsible for their own gas and electric. The basement offers ample storage space, currently unused. The property also offers rear parking for up to 6 cars. While the building is in excellent condition, it is being sold as-is. Don't miss out on this rare opportunity to own a well-maintained, high-performing property that promises strong returns and long-term growth!
Location
State IL
County Cook
Zoning MULTI
Interior
Fireplace N
Exterior
Utilities Available Water to Site
View Y/N true