8 Bedroom Home For Sale in Chicago, IL

8 / 6, Single-Family Home in Chicago, IL

ARM CHAIR BUILDING..It could be like money falling from the sky with this excellent income property that is located at 67th Street and Western Avenue in Chicago. The opportunities to make money are plentiful, with a large, ground-floor storefront, four apartments and a new two-car, detached garage. The well-maintained building has a storefront currently leased to a beauty salon that, according to the current owner, boasts a great tenant. The four apartments come in a variety of sizes and can be rented or utilized by the owner. There is a one-bedroom and a two-bedroom unit, both of which have a single bathroom. Another two-bedroom apartment and a three-bedroom unit each feature a full bath and an enclosed porch at the rear of the building. In the basement of the building is a full bathroom, an office area and a coin-laundry room. A new two-car garage on the premises also can produce rental income and additional basement space can be developed. This income-generating brick building has had many of its features recently replaced, including all the windows, even the glass block ones in the basement. Other recent upgrades are a new roof, new electric and five new furnaces, one for each tenant. A wrought-iron gate surrounding the side and back of the building as well as the concrete patio also recently has been installed to this property. Monthly income for the five units currently grosses $3,800 per month but does not include possible garage income, which the current owner does not rent, or income from the coin-laundry. Tenants pay their own utilities, and the building is fully occupied and leased. In addition, this building is conveniently located near I-55, less than a block from a major bus route and rapid transportation. Take the virtual tour at www.buyowner.com today and enter CHI 14459.