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Key Details
Sold Price $305,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12133750
Sold Date 10/03/24
Style Bungalow
Bedrooms 6
Year Built 1926
Annual Tax Amount $11,000
Tax Year 2023
Lot Dimensions 60X132
Property Sub-Type Two to Four Units
Property Description
LOCATION LOCATION LOCATION! Family owned for over 40 years. OVERSIZED 60 foot wide lot with double wide driveway and 2 car garage. Building will be vacant for closing to the new owners . Available for quick closing. This2-flat investment property with a possible 3rd unit in the basement offers a unique opportunity for homeowners and investors seeking additional rental income or a space for extended family members. This 2-flat investment property with a basement unit has the potential for multiple streams of rental income. The two main units of the property, located on the first and second floors, can be rented out to tenants, generating consistent cash flow. Additionally, the basement unit, also known as an in-law suite, can serve as a separate living space for extended family members or be rented out to generate additional income. From a long-term investment perspective, this type of property offers the potential for equity growth and appreciation. As the property value increases over time, the homeowner or investor can benefit from capital appreciation. The potential for multiple streams of rental income, the flexibility of an in-law suite, and the potential for long-term appreciation make this type of property an attractive investment option.
Location
State IL
County Cook
Area Maywood
Zoning MULTI
Rooms
Basement Full
Interior
Heating Natural Gas
Equipment Water Heater-Gas
Fireplace N
Exterior
Exterior Feature Patio, Storms/Screens
Parking Features Detached
Garage Spaces 2.5
Roof Type Asphalt
Building
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
Middle Schools Costello School
School District 103 , 103, 103
Others
Ownership Fee Simple
Special Listing Condition None
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Bought with Peter Avitia • Avitia Real Estate LLC