1526 W 89th Street, Chicago, IL, 60620

$525,000

About 1526 W 89th Street

Exceptional cash-flow opportunity in Chicago's Auburn Gresham neighborhood! This solid five-unit brick building features an attractive unit mix of two spacious 2-bedroom apartments and three generously sized 1-bedroom apartments, providing a diversified rental income stream. Several units have been updated with recent renovations, offering immediate rental appeal while presenting additional value-add potential through future improvements and rent optimization. The property is heated by a newer, central boiler system, helping to simplify maintenance and operating expenses. Water heater and electric meters have also been updated. Conveniently located within walking distance of a Metra station, multiple bus lines and grocery stores, the building offers excellent commuter access, supporting strong tenant demand and occupancy. Rent roll and expenses are available upon request for qualified buyers. One unit is currently vacant. No representations are made regarding the legality of garden unit.

Additional Information: This property is located in the CHI - Auburn Gresham neighborhood, IL. This bedrooms multi family 5+ property is priced at $525,000.

Facts & Features

MLS® # 12691638
Price $525,000
Bathrooms 0.00
Taxes $5,288
Year Built 1929
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 1526 W 89th Street
Area CHI - Auburn Gresham
City Chicago
County Cook
State IL
Zip Code 60620

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Window Unit(s)
Fireplace No
Has Basement Yes
Basement Partially Finished

Exterior

Exterior Brick

Additional Information

Days on Market 19
Foreclosure No
Short Sale No
RE / Bank Owned No
Taxes $5,288

Listing Details

OfficeSound Realty, LLC

Listing Map

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