1264 S Saint Louis Avenue
Property Description
Turnkey 6-unit greystone. - all six units leased. Fixed-term leases in place into 2027 for stability, with near-term rent upside on the month-to-month units. This property has 15 bedrooms and 6 bathrooms. New roof, rebuilt rear porch, two water heaters, tuckpointing, rear concrete parking pad, and refreshed units with refinished hardwood. CHA/Section 8 approved building-wide - dependable, government-backed rent. The 2024 Cook County reassessment is already appealed and resolved, with taxes documented through the current cycle. Finances cleanly via DSCR/commercial and covers debt service with room to spare. Full rent roll and P&L available to qualified buyers.
Key Property Information
| Listing Status: | Under Contract |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $729,000 |
| No. of Units: | 6 |
| Year Built: | 1906 |
| Opportunity Zone: | No |
| Price per unit: | $121,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 15 |
| Number of Bathrooms: | 6 |
ID: 3yd-MREDIL-12696124
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