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4650 W Warwick Avenue Chicago, IL 60641
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Key Details
Sold Price $890,000
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12173259
Sold Date 03/06/25
Year Built 1918
Annual Tax Amount $14,406
Tax Year 2023
Lot Dimensions 30 X 125
Property Sub-Type Multi Family 5+
Property Description
LOCATED IN THE HIGHLY DESIRABLE NORTHWEST SIDE OF CHICAGO, THIS WELL-MAINTAINED CORNER RED BRICK BUILDING FEATURES SIX (6) SPACIOUS 2BD/1BA UNITS. THIS PROPERTY OFFERS EXCELLENT AMENITIES, INCLUDING A 3-CAR ATTACHED GARAGE AND AN ON-SITE, BUILDING-OWNED LAUNDRY FACILITY FOR TENANT CONVENIENCE. THE BUILDING IS SERVICED BY OWNER-PROVIDED HOT WATER, WHILE RESIDENTS ARE RESPONSIBLE FOR THEIR OWN COOKING GAS, HVAC GAS, AND ELECTRICITY. THIS PROPERTY IS IDEALLY POSITIONED TO GENERATE CONSISTENT RENTAL INCOME AND OFFERS STRONG POTENTIAL FOR FUTURE APPRECIATION IN A SOUGHT-AFTER NEIGHBORHOOD. THIS IS A RARE OPPORTUNITY FOR INVESTORS SEEKING STABLE CASH FLOW AND LONG-TERM GROWTH IN ONE OF CHICAGO'S ESTABLISHED RESIDENTIAL AREAS. PROPERTY HIGHLIGHTS: -75-GALLON HOT WATER TANKS (INSTALLED IN 2022) -SEPARATE GAS HVAC FOR EACH UNIT (RESIDENT PAID) -BUILDING-OWNED LAUNDRY FACILITY -(3)-CAR ATTACHED GARAGE
Location
State IL
County Cook
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
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Bought with Melissa Maierhofer • Becovic Management Group Inc
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "