3229 Commercial Avenue, South Chicago Heights, IL 60411

Property Description

Don't miss this incredible fully leased investment opportunity! This hard to find 7 unit building is over an 8 cap at the list price. No deferred maintenance and below market rents combine to create tremendous value add potential. With seven total units rent increases to market value and further increases over time will have an exponential effect on value. All of the apartments are desirable 2 bedroom units with a spacious family room. Coin op laundry and storage are available in the basement. One apartment has just been updated with quartz counter tops, new appliances and bathroom fixtures (rented immediately!). Other updates include new windows, new appliances, new exterior lighting and the fire safety system has been updated. New 10 year smoke and CO detectors were just installed. Low to no vacancy history. Restaurants, national retailers and the Jewel grocery store are all within walking distance make renting apartments a breeze. There are 7 onsite parking spaces and unrestricted on street parking. Don't wait, opportunities like this don't come often!

Listing Status:

Active

Listing Office:

Coldwell Banker Real Estate Group : 630-715-5714

Listing Agent:

Charles Kirkwood : 630-715-5714

MLS ID:

12513857

Interior

• Basement: Unfinished

Location

• Originating MLS: mred
• County: Cook

Lot

• Zoning: MULTI32322150190000

Financial

• Source: mred

This listing courtesy of Charles Kirkwood, Coldwell Banker Real Estate Group