1248 W 83rd Street, Chicago, IL

$1,400,000

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About 1248 W 83rd Street

Excellent Investment Opportunity - 13-Unit Apartment Building! Well-maintained, 12-unit brick apartment building situated on a desirable corner lot. This property features 1 two-bedroom apartments and 3 one-bedroom apartments, with hardwood floors throughout. Additional highlights include three spacious, clean basement areas, replacement windows, updated porches, and emergency lighting. The building is tenant-occupied, providing an opportunity for immediate rental income. Significant upside potential! Current rents are below area market rates, offering an opportunity to increase rental income over time. An excellent opportunity for investors seeking a multifamily property with income growth potential or possible condominium conversion.

Features of 1248 W 83rd Street

MLS® # 12781046
Price $1,400,000
Bathrooms 0.00
Year Built 1929
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 1248 W 83rd Street
Area CHI - Auburn Gresham
City Chicago
County Cook
State IL
Zip Code 60620

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Exterior

Exterior Brick

Additional Information

Days on Market 8
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeKM Realty Group, LLC

Listing Map

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