Closed

$499,000

122 Menard Avenue, Chicago, IL 60644
8 Beds4 Baths20 days
122 Menard Avenue·Chicago, IL 60644
8Bedrooms
4Bathrooms
1959Year Built
About This Home

Welcome to this exceptional investment opportunity! Presenting an all-brick 4-flat building that generates an impressive $50,000 in rental income annually. This property is a true gem, boasting four well-maintained 2-bedroom, 1-bathroom units, each designed with a spacious living room/dining room combo, and large eat-in kitchens adorned with elegant white cabinets. Enjoy the ease of ownership with "nothing to do but buy and start cash-flowing day 1!" All four units are rented with leased to section-8 tenants, offering an ideal investment for savvy investors looking for immediate returns. Moreover, this 4-flat offers a unique advantage of separate basements for each unit, providing additional space for tenants' storage needs. This thoughtful feature enhances tenant satisfaction and convenience, setting it apart from other properties in the area. Seize this incredible chance to close the deal and start collecting rent immediately! The property's robust rental income, combined with its turnkey condition, promises a seamless investment journey, whether you're a seasoned investor or entering the real estate market for the first time. This unique opportunity won't last long! Don't miss your chance to own a rock-solid, cash-flowing asset with tremendous potential for long-term growth. Act now and capitalize on this outstanding 4-flat building in a prime location. Reach out today to secure your future and embark on a rewarding investment venture! Tenant Pays Utilities.

MLS# 11834368Listed July 17, 2023Residential Income
Property Details

Beds & Baths

Total Bedrooms8
Total Bathrooms4
Total Rooms20

Size & Structure

Year Built1959
Lot Size57X49

Location

CountyCook
TownshipWest Chicago
Zip Code60644

Financial

List Price$499,000
Annual Taxes (2021)$2,614
Monthly Tax Est.$218
Parcel #16084140330000
Interior Features

Heating

Natural GasForced Air

Basement

UnfinishedEgress WindowFull
Exterior & Lot

Construction

Brick
Utilities & Parking

Sewer

Public Sewer

Water Source

Public

Parking

Off StreetOn SiteOwned
Tax & Financial
Annual Taxes
$2,614
Tax Year 2021
Monthly Tax Est.
$218
per month
Property Location

122 Menard Avenue, Chicago, IL 60644Cook County

$499,000
122 Menard Avenue
8 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
20 days on market
57X49
$2,614/yr taxes
$2,840
estimated monthly payment
Principal & Interest
$2,622/mo
Property Tax
$218/mo
$499,000
20% — $99,800
3%50%
6.875%
3%12%
Loan Amount
$399,200
Down Payment
$99,800

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

Listed by
Exit Strategy Realty
Agent: Shaheen Pervaiz
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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