8244 W Forest Preserve Avenue, Chicago, Cook County, IL, 60634 Chicago IL US

Great value-add opportunity or buy and hold with 3 large units in this 3-flat. 1st-floor unit is a 1 bed / 1 bath renting for $850 until 04/30/23 with a lease renewal agreed at $1,050. 2nd-floor unit is a 2 bed / 1 bath renting for $1,400 until 05/31/23. 3rd-floor unit is a 2 bed / 1 bath renting for $1,250 until 06/30/23. Updated 100 Amp electrical service. Detached 2-car garage currently with 1 spot available to be rented or used by owner. This is a solid boned brick 3-flat on an oversized 30' x 125' lot that is currently rented and brining in a solid flow of revenue at a strong 6.5%+ CAP rate. The roof was completely replaced in the last 2 years. The utilities include 4 individual gas and electric meters, one for each unit and one for the common utilities. The mechanicals include 3 individual hot water boilers and one hot water heater. There is a commercial washer and dryer as well as a slop sink in the shared laundry room. The 1st floor garden unit uses a portable window A/C unit for cooling whereas the 2nd and 3rd floor units each have 2 built-in wall air conditioners. The garden and top floor units have additional private sunroom off the back door in the enclosed porch, whereas the middle floor porch acts as shared egress to rear staircase. The second and third floor units both have hardwood floors including beneath living room carpeting in top floor. Close to public transportation, major roads, and expressways. Low taxes! In terms of legal brick 3-flats; this is a solid armchair investment with immediate returns of additional value add opportunity that will earn its keep! Find out more about this property. Request details here