ClosedPrice Reduced

$159,000

$169,000
1227 Otto Boulevard, Chicago Heights, IL 60411
6 Beds2 Baths78 days
1227 Otto Boulevard·Chicago Heights, IL 60411
6Bedrooms
2Bathrooms
1912Year Built
About This Home

Introducing an excellent investment opportunity in Chicago Heights! This well-maintained 2-flat property is ideal for savvy investors looking to add to their portfolio. Each unit features leases expiring in January 2025 and November 2024 respectively, ensuring immediate rental income for the new owner. With a combined monthly rent totaling $2,400, this property offers a steady cash flow from day one. Convenience and reliability are paramount, as tenants enjoy the comfort of their own spaces while contributing to the property's profitability. Additionally, the yearly taxes amount to $5,573, offering a favorable financial outlook for potential buyers. Whether you're a seasoned investor or exploring your first venture into real estate, this property presents an attractive opportunity in a thriving rental market. Don't miss your chance to capitalize on this lucrative investment in Chicago Heights!

MLS# 12052723Listed May 9, 2024Residential Income
Property Details

Beds & Baths

Total Bedrooms6
Total Bathrooms2
Total Rooms10

Size & Structure

Year Built1912
Lot Size0.120 acres

Location

CountyCook
TownshipBloom
Zip Code60411

Financial

List Price$159,000
Original Price$169,000
Annual Taxes (2022)$5,573
Monthly Tax Est.$464
Parcel #32202080100000
Interior Features

Heating

Natural GasForced Air

Basement

None
Exterior & Lot

Construction

Aluminum Siding

Foundation

Block
Utilities & Parking

Sewer

Public Sewer

Water Source

Public

Parking

NoneOn SiteOther
Tax & Financial
Annual Taxes
$5,573
Tax Year 2022
Monthly Tax Est.
$464
per month
Price Reduced by $10,000
Original list price: $169,000
Property Location

1227 Otto Boulevard, Chicago Heights, IL 60411Cook County

$159,000
1227 Otto Boulevard
6 bd2 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
78 days on market
0.120 acres
$5,573/yr taxes
Price reduced $10,000
$1,300
estimated monthly payment
Principal & Interest
$836/mo
Property Tax
$464/mo
$159,000
20% — $31,800
3%50%
6.875%
3%12%
Loan Amount
$127,200
Down Payment
$31,800

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Realty One Group Excel
Agent: Paul Kempa
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