6212 N Sacramento AVE Chicago, IL 60659

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Park Place Realty Group LLC

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

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Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 5,913 sqft

Price per Sqft $142

MLS Listing ID 12493688

Year Built 1929

Annual Tax Amount $10,905

Tax Year 2023

Lot Size 3,920 Sqft

Lot Dimensions 33 x 123

Property Sub-Type Multi Family 5+

Property Description

This all brick, 6-unit building is an investor's dream! There are three front facing units and three rear facing units. All units consist of 2-bedroom, 1-bathroom units. Each unit is quaint and cozy with several large windows that welcome natural sunlight, a formal living room, a spacious kitchen, two large bedrooms with ample closet space and a bathroom. Additionally, each unit is on a forced air system for heat and each unit has window A/C units for air conditioning. Tenants are responsible for gas and electricity and each unit is individually metered. More importantly, all rents are currently underpriced and all tenants are on month-to-month leases. Right now, the average rental price is about $1,045 per month, which comes out to $75,300 in gross rental income per year. However, the true market rent is easily $1,650 per month, which comes out to $118,800 in gross rental income per year. In short, rents can easily be increased by 50% or more, which will easily add about $25,000 per year in gross rental income to your bottom-line. These units do need a cosmetic refresh and some mechanical work. In addition to all of that, the area is excellent, which translates into a very strong rental market and, hence, low vacancies. There have been many recent upgrades too; namely, the porch was built in 2012; the hot water tank is about 5 years old; two furnaces are about 2 years old; the roof was silver coated in 2022; and, a couple windows were replaced. This building is also nestled in between the Kennedy and the Lake, and it is minutes away from Target, Home Depot, Aldi, restaurants, parks, transportation and much more! This is also an as-is, where-is sale. A must see! A 10!

Location

State IL

County Cook

Area Chi - West Ridge

Zoning MULTI

Rooms

Basement Unfinished

Interior

Cooling Wall Sleeve, Window Unit(s)

Fireplace N

Building

Dwelling Type Multi Family 5+

Structure Type Brick

Listed by Peter Drossos of Peter Drossos Real Estate

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106