124 N Menard Avenue
Chicago, IL 60644

Status: Active
Multi Family
8 beds
0 baths
0 sq.ft
Listing Price: $499,000
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About this home

This investment opportunity presents a well-maintained all-brick 4-flat building generating $60k in annual rental income from Section-8 tenants. Each of the four 2-bedroom, 1-bathroom units includes a separate basement for tenant storage and washer/dryer hookups. With low property taxes and tenants responsible for utilities, the property offers immediate returns and long-term growth potential. It's turnkey, suitable for investors at any experience level. FHA loan potential for owner occupied investor with 3.5% down payment.

Property details

Property / Lot Details
Acreage 0.07
Lot Dimensions 3205
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 4 Flat
Number Of Units in Building 4
Property Type Two to Four Units
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 51-60 Years
3 Bedroom Unit in Building No
Approx Year Built 1964
Parking Total 2
Exterior Building Type Brick
Garage On-Site Yes
Parking Ownership Owned
Parking Space/s
Rehab Year 2011
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Street Lights, Street Paved
Area Major CHI - Austin
Corporate Limits Chicago
Directions N Menard Ave between W Washington Blvd and W West End Ave
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 299
Township West Chicago
Interior Features
Basement Description Unfinished
Bath Amenities Soaking Tub
Basement Full
Bedrooms Count 8
Bedrooms Possible 8
Baths Count 4
Full Baths in Building Count 4
Total Rooms 16
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1200
Appliances And Features Stove, Refrigerator, Microwave, Disposal, Laundry Hook-Up, Hardwood Floors, Skylights/Windows, Walk-In Closet
Full Baths Total 1
Lease Expiration Date 6/24
Rooms Total 4
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 2
Baths Total 1
Actual Rent 1250
Appliances And Features Stove, Refrigerator, Washer, Dryer, Microwave, Hardwood Floors, Walk-In Closet
Full Baths Total 1
Lease Expiration Date 9/23
Rooms Total 4
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 3
Beds Total 2
Baths Total 1
Actual Rent 1200
Appliances And Features Stove, Refrigerator, Microwave, Laundry Hook-Up, Hardwood Floors, Walk-In Closet
Full Baths Total 1
Lease Expiration Date 06/24
Rooms Total 4
Tenant Pays Electric, Gas, Heat
Floor Number 2
unit 4
Beds Total 2
Baths Total 1
Actual Rent 1250
Appliances And Features Stove, Refrigerator, Microwave, Laundry Hook-Up, Hardwood Floors, Walk-In Closet
Full Baths Total 1
Lease Expiration Date 5/24
Rooms Total 4
Tenant Pays Electric, Gas, Heat
Floor Number 2

Financials

Investment Profile Residential Income

Tax/Assessments/Liens

PIN 16084140360000
Special Assessments N
Taxes $2,674
Tax Exemptions None
Tax Year 2022
$499,000 Listing Price:
MLS # 12061071
Investment Profile Residential Income
Listing Market Time 37 days
Basement Full
Type Unit 4 Flat
Number of Units in Building 4
Parking Space/s
List Date 05/20/2024
Year Built 1964
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