4400-4402 S HONORE Crest
Property Description
Excellent investment opportunity in the New City area! This mixed-use property offers strong income potential with 8 residential units plus 1 storefront, providing multiple streams of revenue. The building features a desirable unit mix, including two 4-bedroom units, one 5-bedroom unit, one 3-bedroom unit, and four 2-bedroom units, appealing to a wide range of tenants. Most apartments have been updated, and each unit is equipped with separate heat and electric, helping to reduce owner expenses and simplify management. The storefront is currently vacant, creating a great opportunity for an owner-user to start a business or lease for additional income. The property is well-maintained and currently occupied by long-term tenants, with rents below market value, offering significant upside potential for increased cash flow. No leases in place provide added flexibility for future plans. Conveniently located near major streets, public transportation, and local amenities. A solid opportunity for investors looking to build equity and maximize returns in a growing area. *FULL UNFINISHED BASEMENT*
Broker Details
RE/MAX MI CASA (773) 767-1616
MLS ID: 117318 State License Number: 475122116
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $599,900 |
| No. of Units: | 9 |
| Year Built: | 1909 |
| Opportunity Zone: | No |
| Price per unit: | $66,656 |
| Property Website | Click Here |
| Number of Bedrooms: | 25 |
| Number of Bathrooms: | 8 |
ID: 3yd-MREDIL-12725351
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