4907 W Walton ST Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60651
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12458553
Bedrooms 6
Year Built 1913
Annual Tax Amount $4,852
Tax Year 2023
Lot Dimensions 25X126
Property Sub-Type Two to Four Units
Property Description
Nestled in the Austin neighborhood of Chicago, this fully renovated two-unit building has been completely gutted and is being given brand new life. Everything is NEW - electrical, plumbing, insulation, flooring, fixtures, appliances, and more. The first-floor unit is duplexed into the basement, offering a total of four bedrooms and two full bathrooms with an average market rent of $2,400/month. The second-floor unit features two bedrooms and one bathroom with an average market rent of $1,800/month. That's a total potential rental income of $4,200/month. Both kitchens boast modern finishes, including white upper cabinets, grey lower cabinets, quartz countertops and a full suite of stainless steel appliances. Each unit will also include its own washer and dryer, high-efficiency forced-air heating system, and central air conditioning condenser. A fenced-in yard leads to a rear parking pad with space for two vehicles. To make this opportunity even sweeter, the seller is offering a closing credit that can be applied toward loan-related expenses or to help buy down your interest rate. INVESTORS - take note: This property is an ideal candidate for a DSCR loan, which looks at your credit and the property's rental income (not your personal income). With $4,200/month in potential rents, this building can easily cover its debt service and generate strong cash flow.. Whether you're an owner-occupant wanting massive space or an investor looking for strong cash flow, this is the building you've been waiting for. Schedule your exclusive tour and come see this one for yourself. It could very well be the one you weren't searching for, but now need.
Location
State IL
County Cook
Area Chi - Austin
Zoning MULTI
Rooms
Basement Finished,Exterior Entry,Full,Walk-Out Access
Interior
Heating Natural Gas,Forced Air
Equipment CO Detectors,Multiple Water Heaters,Water Heater-Gas
Fireplace N
Exterior
Community Features Park,Curbs,Sidewalks,Street Lights,Street Paved
Roof Type Flat
Building
Dwelling Type Two to Four Units
Building Description Brick,Limestone, No
Sewer Public Sewer
Water Lake Michigan
Structure Type Brick,Limestone
New Construction false
Schools
Elementary Schools Mcnair Elementary School Communi
Middle Schools Mcnair Elementary School Communi
High Schools Orr Community Academy High Schoo
School District 299 ,299, 299
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
Virtual Tour https://my.matterport.com/show/?m=uD7qsis7WGk&mls=1