2423 North Long AvenueChicago, IL 60639Price: $799,500

  • Price: $799,500
  • 46 Days on Market
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Federal 30-year interest rate: 7.19% last updated on Sep 21, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 5,000Square Feet
  • 1925Year Built

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**Investors dream** Here is a rare opportunity to acquire a large "two building property" with 6 units, located in the vibrant Belmont Cragin neighborhood. That's right, this amazing property consists of 2 buildings on a single lot! The front building is a brick 2-1/2 flat with a garden apartment, 2 or 3 bed units on first and second floor, and has a very special option for adding additional living space above. It includes a huge unfinished attic with vaulted ceiling that offers a possible 7th rental unit or duplexed two level apartment! The rear building is a brick & frame 2 flat that consists of 3 units, and has a very nice outdoor courtyard patio space with a barbecue area. All units are in very good condition with many updates throughout, including 4 of the 6 units that have been recently redone. Updates include many stainless steel appliances, fresh paint throughout, new flooring in the apartments and more. This also includes a second floor possible "owners unit" that has new hardwood floors completely refinished in every room. Both buildings have new roofs replaced in 2018, new water heaters replaced in 2020 and the property also includes multiple locking storage rooms. Rents are very low for the area and create an opportunity to increase income and massive cash flow in addition to laundry income. Because of this unique situation of 2 buildings on one lot, taxes are extremely low for the number of units and size of the property! Don't miss out, as more income and low taxes creates a unique chance for a savvy investor looking for an amazing cash creating opportunity!

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Listed by Mark Santoyo of RE/MAX Loyalty

Based on information submitted to MRED  as of September 26, 2023 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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