1248 W 83rd Street
Property Description
Excellent Investment Opportunity - 13-Unit Apartment Building! Well-maintained, 12-unit brick apartment building situated on a desirable corner lot. This property features 1 two-bedroom apartments and 3 one-bedroom apartments, with hardwood floors throughout. Additional highlights include three spacious, clean basement areas, replacement windows, updated porches, and emergency lighting. The building is tenant-occupied, providing an opportunity for immediate rental income. Significant upside potential! Current rents are below area market rates, offering an opportunity to increase rental income over time. An excellent opportunity for investors seeking a multifamily property with income growth potential or possible condominium conversion.
Broker Details
KM Realty Group LLC (312) 283-0794
MLS ID: 236301 State License Number: 471020151
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,400,000 |
| No. of Units: | 12 |
| Year Built: | 1929 |
| Opportunity Zone: | No |
| Price per unit: | $116,667 |
| Property Website | Click Here |
| Number of Bedrooms: | 24 |
| Number of Bathrooms: | 12 |
ID: 3yd-MREDIL-12781046
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