19
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Listed by Michael Scanlonof eXp Realty
-
Est. payment /mo
6 Beds
Active
100 W 19th ST Chicago Heights, IL 60411
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Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12684000
Style A-Frame
Bedrooms 6
Year Built 1904
Annual Tax Amount $5,263
Tax Year 2024
Lot Dimensions 50X150
Property Sub-Type Two to Four Units
Property Description
ATTENTION INVESTORS: TURNKEY MULTI-FAMILY WITH MAJOR CASHFLOW! This fully occupied 4-unit investment property in Chicago Heights is a certified cash cow, boasting a phenomenal 11.5% Cap Rate (at a conservative 35% expense ratio) and generating a powerful $5,650 in total monthly gross rent. The unique, high-yield layout features 6 bedrooms and 4 bathrooms in total, split between a solid 3-unit main building and a highly desirable, private 1-unit coach house situated above the rear garage. Every single unit has been newly renovated with crisp, modern finishes and a clean look that commands top-tier area rents: Unit 1 is a massive 3-bed/1-bath rented at $1,800/mo, Unit 2F is a 1-bed/1-bath at $1,300/mo, Unit 2R is a 1-bed/1-bath at $1,100/mo, and the ultra-private Coach House is a 1-bed/1-bath at $1,450/mo. With all tenants paying their own separate electric and gas utilities, this property minimizes landlord overhead and provides an unbeatable, immediate addition to your portfolio.
Location
State IL
County Cook
Community Curbs, Sidewalks, Street Lights, Street Paved
Zoning MULTI
Rooms
Basement Unfinished, Full
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
Garage Spaces 2.0
View Y/N true
Roof Type Asphalt
Building
Lot Description Landscaped
Sewer Storm Sewer
Water Lake Michigan
Structure Type Aluminum Siding
New Construction false
Schools
School District 170, 170, 206
Others
Ownership Fee Simple
Special Listing Condition None
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