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$ 1,200,000
Est. payment | /mo
10,800 SqFt
$ 1,200,000
Est. payment | /mo
10,800 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 10,800 sqft
Price per Sqft $111
MLS Listing ID 12390154
Maintenance Fees $5,000
Year Built 1925
Annual Tax Amount $12,878
Tax Year 2023
Lot Dimensions 55X125
Property Sub-Type Multi Family 5+
Property Description
This 12-unit multi-family property at 5449-51 W Quincy in Chicago presents a prime value-add opportunity for savvy investors looking to capitalize on the city's robust rental market. The building features (12) spacious 2-bedroom/1-bathroom units with well-designed layouts, offering ample living space that appeals to a wide range of tenants. Each unit is primed for light rehabilitation, allowing new ownership to enhance interiors and boost rental potential through strategic upgrades. The property's solid structure is a standout feature, with a sound foundation and well-maintained masonry exterior in excellent condition, ensuring long-term durability and low maintenance costs. This sturdy construction provides a reliable base for renovations, making it an ideal canvas for investors aiming to maximize value. With significant potential for increased cash flow through effective management and targeted improvements, this property is perfectly positioned for those seeking to unlock its full potential in Chicago's dynamic multi-family market.
Location
State IL
County Cook
Area Chi - Austin
Interior
Fireplace N
Building
Dwelling Type Multi Family 5+
Level or Stories 3
Structure Type Brick
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by David Geary • Geary's Realty LLC
GET MORE INFORMATION
Michael Bempah
Broker | License ID: 475.175881
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