10 Bedroom Home For Sale in Chicago, IL

10 / 5, Single-Family Home in Chicago, IL

Looking for investment property? Well look no further. This classic all brick four flat, with detached three car brick garage, is in take over condition. Located in what is known as the Clearing Community. This area bounds Chicago Midway International Airport, also known simply as Midway Airport, to the south. Clearing is one of the 77 official community areas in Chicago. It is located on the southwest side of Chicago. The southern portion of Midway Airport is located in this community area. The Clearing Industrial District was founded in 1907. The area gets its name from the fact that farm goods from the area were cleared (delivered) through the airport and railroad yards. The Clearing area quickly became a part of Chicago in 1915 because the growing population needed services provided by the city. This property has been cared for by the same owners for nearly two decades. Along with the day to day maintenance, this property has undergone the following improvements. A completely new furnace system was installed in 1996. A complete tear off and a new roof was replaced in 1998, and a new building hot water heating system was installed in 2000. The tenants have use of a common laundry room, equipped with a three sink laundry tub, and coin operated washer and dryer. The tenants also have access to a storage area, where they each have an individual storage locker. The furnace room is a large secured area where the hot water heater is also located. This room also acts as the owners storage area, where tools and other items can be kept. This property is in excellent overall condition. The common areas are freshly painted.This property is situated on a corner lot, and adjacent to an alley. Each of the five apartment units have the same layout, two bedrooms (12X15 & 11X13), one bathroom (8X8), a kitchen (12X13) with a large walk in pantry (5X5), living room (12X15), and foyer (5x7). All units are freshly painted and carpeted. All five apartments are occupied. The neighborhood is bordered by Marquette Park. At more than 300 acres in size, it is the largest of the revolutionary neighborhood parks created by the South Park Commission in the early 20th century. Marquette Park includes a golf course on two islands surrounded by naturalistic lagoons, indoor and outdoor gymnasiums, swimming and wading pools, a playground, formal gardens, and a concert grove. This landmark recreation area is just blocks away. This ageless icon has just been put on the market. Built to last the test of time in an era when craftsmanship was an art. The current owner is retiring and is reluctantly willing to pass this property on to the next generation, and move into the next phase of this communitys development. Located in a community undergoing a complete revitalization, led by the total make-over of Midway airport and the surrounding area. Timing is everything. If investment property is what you are looking for, do not let this one get away. The following is the breakdown of revenue generated from this investment property. Currently the monthly rental revenue is $3350.00. The monthly garage rental for all three spaces is $150.00 per month, and the average monthly amount generated by the coin operated washer and dryer is $110.00. Take the virtual tour at www.buyowner.com and enter C H I 12195.