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14506 S Indiana Avenue Riverdale, IL 60827
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Key Details
Sold Price $255,000
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11853469
Sold Date 03/06/24
Year Built 1966
Annual Tax Amount $12,440
Tax Year 2021
Lot Size 6,098 Sqft
Lot Dimensions 50X125
Property Description
Back on the market with some major upgrades! This cash-flowing 6-unit building just had a brand new roof put on, new 100 gal hot water tank installed and a new sump pump installed. New boiler was installed Feb '23. Gross rental income of $$55,800. Fully occupied and well maintained multi-unit in a great location. Six (6) One Bed/One Bath large units. Two units have been rehabbed within the last year and rented out. Many upgrades in the units and common areas, including new paint, new carpet and new light fixtures in the hallways; new AC units, vanities and mirrors in 4 of the units; new appliances in several units. Recent tuckpointing, chimney flashing & new gutters. On site laundry is provided. All units are assigned 2 numbered parking spaces. There is add'l storage in the basement for each unit. Several long time tenants. 4 tenants on month to month leases. Opportunity to push rents. Tenants pay electric. Property sits on a double lot. Sold As-Is. Showings done with 48 hour notice. Great buy & hold building!
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling Wall Sleeve
Fireplace Y
Exterior
View Y/N true
Roof Type Composition
Building
Structure Type Brick
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Matthew Goral • Goral Real Estate Inc.
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