242 N Mayfield Avenue
Chicago, IL 60644

Status: Active
Multi Family
4 beds
0 baths
0 sq.ft
Listing Price: $399,900
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About this home

Welcome to 242 N Mayfield, a well-maintained 4-unit building offering fantastic income potential. Each unit features 1 bedroom and 1 bathroom, with three units already tenant-occupied, making this an excellent opportunity for a savvy investor. Whether you're looking to add a solid income-producing property to your portfolio or seeking the perfect setup to live in one unit and rent out the others for steady cash flow, this building offers it all. With its great condition and prime location, this is a turnkey investment waiting for you!

Property details

Property / Lot Details
Acreage 0.13
Lot Dimensions 5,900
Lot Description Corner Lot
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 71-80 Years
3 Bedroom Unit in Building No
Approx Year Built 1949
Exterior Building Type Brick
Foundation Concrete Perimeter
Parking None
Rehab Year 2019
Roof Type Asphalt
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Austin
Corporate Limits Chicago
Directions West on Fulton st to Mayfield ave south to property
Elementary Sch Dist 299
Heat/Fuel Forced Air, Indv Controls
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle Dist 299
Township West Chicago
Interior Features
Basement Description None
Basement Bathrooms No
Basement None
Bedrooms Count 4
Bedrooms Possible 4
Baths Count 4
Full Baths in Building Count 4
Total Rooms 12
Units
unit 1
Beds Total 1
Baths Total 1
Actual Rent 875
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date 04/25
Rooms Total 3
Security Deposit 800
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 1
Baths Total 1
Actual Rent 800
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 3
Security Deposit 800
Tenant Pays Electric, Gas, Heat
Floor Number 2
unit 3
Beds Total 1
Baths Total 1
Actual Rent 900
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date 11/24
Rooms Total 3
Security Deposit 800
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 4
Beds Total 1
Baths Total 1
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date OWN
Rooms Total 3
Tenant Pays Electric, Gas, Heat
Floor Number 2

Financials

Investment Profile Residential Income

Tax/Assessments/Liens

PIN 16084070230000
Special Assessments N
Taxes $2,954
Tax Exemptions None
Tax Year 2023
$399,900 Listing Price:
MLS # 12175032
Investment Profile Residential Income
Listing Market Time 1 day
Basement None
Type Unit 4 Flat
Number of Units in Building 4
Parking None
List Date 09/27/2024
Year Built 1949
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