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$ 1,300,000
Est. payment /mo
Active
6215 N Washtenaw AVE Chicago, IL 60659
7,191 SqFt
UPDATED:
02/05/2025 08:01 AM
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 7,191 sqft
Price per Sqft $180
MLS Listing ID 12223361
Maintenance Fees $3,600
Year Built 1927
Annual Tax Amount $16,047
Tax Year 2023
Lot Size 6,098 Sqft
Lot Dimensions 49X124
Property Sub-Type Multi Family 5+
Property Description
This 8-unit building, legal 6 units with 2 additional apartments in the basement, offers a fantastic value-add opportunity for savvy investors. Each of the upper 6 units features two bedrooms, a separate living room, a dining room, and a partly enclosed back porch, perfect for extra storage. The basement includes a 2-bedroom unit and a 1-bedroom unit, adding even more income potential. Separate central heating for each unit. Most tenants are long-term, offering stable occupancy. Low rents with significant upside potential. Month-to-month leases provide flexibility to adjust rents after updates. 6 parking spaces for tenant convenience. Newer porch. Sold as-is. While the building requires some work, the opportunity to increase rental income post-updates makes it an excellent investment. Located in the desirable West Ridge area, this property is ideal for investors looking to grow their portfolio with a high-potential asset. Don't miss out on this incredible chance to unlock value and build equity!
Location
State IL
County Cook
Area Chi - West Ridge
Zoning MULTI
Interior
Cooling None
Fireplace N
Building
Dwelling Type Multi Family 5+
Level or Stories 3
Structure Type Brick,Concrete
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Syed Hashmi • Guidance Realty