11
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Listed by Latrease Davenportof PIP Realty Group
-
Est. payment /mo
7 Beds
Price Dropped by $5K
8025 S ADA ST Chicago, IL 60620
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Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12640931
Style Other
Bedrooms 7
Year Built 1913
Annual Tax Amount $3,214
Tax Year 2024
Lot Dimensions 30X125
Property Sub-Type Two to Four Units
Property Description
Well-maintained brick 2-unit building located on a quiet, tree-lined street, offering strong investment potential with stable tenants already in place. The property features a spacious 4-bedroom, 1-bath unit on the second floor and a 3-bedroom, 1-bath unit on the first floor. Both units are currently leased through December 2026, providing immediate and consistent rental income. Current rents total $2,625 per month and are considered below market, presenting upside potential for future increases. The building was last rehabbed in 2016 and has been well cared for since. Additional features include a full unfinished basement with expansion or storage potential, a 2-car garage, and solid overall maintenance throughout the property. Roof was replaced in 2022. Conveniently located near transportation, schools, parks, and neighborhood amenities, this is an excellent opportunity for both seasoned and first-time investors seeking a stable income-producing property.
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Unfinished, Full
Interior
Heating Natural Gas
Fireplace N
Exterior
Garage Spaces 2.0
View Y/N true
Building
Sewer Public Sewer
Water Lake Michigan
Structure Type Brick
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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