MNK Realty Professionals LLC
Listed by MNK Realty Professionals LLC
$500,000
4138 W Jackson Boulevard
Details
APN 16152140290000
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 6
Cap Rate 8.50%
NOI $98,784
Year Built 1902
Stories 2
Acreage 0.130
Zoning MULTI
Multifamily | 8.50% CAP | 6 Units
Marketing description
This newly converted 6-unit multifamily property was redeveloped from top to bottom, from the brand-new garden units to the complete tear-off roof replacement. Each unit features 3 bedrooms and 1 bath, engineered hardwood floors in above-ground units, new mechanicals, stainless steel appliances, tenant-paid utilities, and all the necessary amenities including parking and laundry hookups. All redevelopment was completed in accordance with Chicago City Code with permits in 2022. The developer spared no expense on this turnkey investment opportunity. The property is now fully rented and generating approximately $10,000 GMI, offering immediate stabilized cash flow from day one. There's nothing left to do but make it yours and start earning!!!
Listing Contacts
MNK Realty Professionals LLC
Listed by MNK Realty Professionals LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$98,784.00
$8,232.00/mo
Valuation Metrics
0
DSCR
19.76%
Cap Rate
19.76%
ROI
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