4202 South Western AvenueChicago, IL 60609Price: $425,000

  • Price: $425,000
  • 24 Days on Market
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Federal 30-year interest rate: 6.77% last updated on Feb 15, 2024
* 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.
  • 1918Year Built

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Explore the opportunity this sturdy, all-brick building presents, right in the lively South Western Avenue of Chicago. It features a storefront on the ground floor that's ideal for any business to draw in the area's steady stream of people. Plus, there's a renovated studio apartment, offering convenience and comfort. Head upstairs to see the Single Room Occupancy (SRO) units, all up to code with city inspections and approvals, providing a secure investment for you and reliable housing for tenants. The SRO floor is currently bringing in $2,405/M (7 out of 8 rooms occupied.) Located in a neighborhood that's growing in value, this property isn't just another purchase; it's a smart choice for anyone looking to grow their investment in a promising market. It's set to bring in strong cash flow, making it a standout option for anyone ready to invest in a flourishing area. Come see what makes this property a key piece for your investment future. Book your visit today!

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Listed by Richard Harnik and Noe Cervantes of First Midwest Realty LLC

Based on information submitted to MRED  as of February 21, 2024 . 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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