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$1,350,000

Est. payment - /mo

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6 Beds

6 Baths

Open Sat 11:30AM-1PM

1242 W Huron ST Chicago, IL 60642

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

OPEN HOUSE

Sat Jul 26, 11:30am - 1:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12366326

Bedrooms 6

Annual Tax Amount $13,023

Tax Year 2023

Lot Dimensions 24X92

Property Sub-Type Two to Four Units

Property Description

Fully gut-renovated in 2017, this well-maintained 3-flat in West Town is a smart, income-producing asset with a projected $108,000/year in rental income and an estimated 8% cap rate. Each of the three 2 bed / 2 bath units features open-concept living, quartz countertops, white soft-close cabinets, subway tile backsplash, West Elm lighting, hardwood floors, and in-unit laundry. Two of the three units currently tenant-occupied. Tenants pay gas and electric, keeping expenses low. Updates include all new mechanicals, HVAC, windows, and rear porches in 2017. Two exterior parking spaces (one leased and one vacant) and dedicated storage rooms for each unit in the basement add further value. Located steps from Eckhart Park and walking distance to Chicago Ave shopping, dining, nightlife, and the Blue Line. Quick access to 90/94, Fulton Market, the Illinois Medical District, and upcoming developments like Bally's Casino and the United Center expansion. This is a smart, stable, and stylish income-producing property in a high-demand neighborhood with plenty of future upside. Reach out for rent roll and full financials-opportunities like this don't last!

Location

State IL

County Cook

Area Chi - West Town

Zoning MULTI

Rooms

Basement Unfinished, Storage Space, Full

Interior

Heating Natural Gas, Forced Air

Fireplace N

Exterior

Community Features Sidewalks, Street Lights

Building

Dwelling Type Two to Four Units

Building Description Vinyl Siding,Brick, Yes

Sewer Public Sewer

Water Lake Michigan

Structure Type Vinyl Siding,Brick

New Construction false

Schools

Elementary Schools Otis Elementary School

Middle Schools Otis Elementary School

High Schools Wells Community Academy Senior H

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

Listed by Liz Jones • Keller Williams ONEChicago

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106