Chicago, IL 60639,1908 N Keystone AVE
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Chicago, IL 60639,1908 N Keystone AVE
Chicago, IL 60639,1908 N Keystone AVE
Chicago, IL 60639,1908 N Keystone AVE
Chicago, IL 60639,1908 N Keystone AVE

$935,000

Est. payment /mo

$950,000

1.6%
Est.Price: ?

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1908 N Keystone AVE Chicago, IL 60639

3,049 Sqft Lot

SOLD DATE : 10/25/2024

Key Details

Sold Price $935,000

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12135477

Sold Date 10/25/24

Maintenance Fees $2,000

Year Built 1907

Annual Tax Amount $9,216

Tax Year 2023

Lot Size 3,049 Sqft

Lot Dimensions 25 X 125

Property Description

Introducing a fully rehabbed 5-unit income-generating property in the vibrant Hermosa neighborhood, perfect for investors seeking a lucrative opportunity. This massive brick 3-unit building, complemented by a gut-rehabbed 2-unit coach house, offers a combination of modern amenities, high-quality finishes, and excellent rental income potential. The front building comprises three spacious apartments, each featuring 5 rooms, including 2 bedrooms and 1 bathroom per floor. The interiors are finished with beautiful hardwood floors throughout. Each unit comes with separate gas-forced heating GFH & central AC systems and individual hot water tanks.. The kitchens are fully updated with 42-inch white cabinets, stainless steel appliances, and in-unit dishwashers. A tall, unfinished basement offers potential for further development or storage. A coin-operated washer and dryer are available in the basement, contributing to additional income. (CH1): This duplex-down unit features 3 bedrooms, 2 full baths, and a large kitchen-living room combo. The unit is equipped with in-unit side-by-side washer and dryer, providing a highly desirable amenity for tenants. (CH2): A cozy 1-bedroom, 1-bath apartment with a living room-kitchen combo. Both the main building and the coach house have undergone extensive renovations, including: New Electrical Systems: Updated with in-unit circuit breakers. Plumbing: New copper pipes throughout. Recently replaced. New GFH & Central AC systems and hot water tanks. All units feature new, modern kitchens and bathrooms. The coach house alone adds an impressive $3,400 per month to the property's total monthly income of $8,275, making this a true money maker. This property is a rare find, offering both immediate cash flow and long-term appreciation potential. With its prime location in Hermosa, high-quality renovations, and stable tenant base, this is an investment opportunity not to be missed.

Location

State IL

County Cook

Area Chi - Hermosa

Interior

Cooling Central Air

Fireplace N

Building

Level or Stories 3

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Midwest Real Estate Data (MRED) IDX
Listed by Arden Fowler • Berkshire Hathaway HomeServices Chicago
Bought with Arden Fowler • Berkshire Hathaway HomeServices Chicago

Gisela Attlan

Real Estate Advisor | License ID: 475180654

+1(312) 804-0112

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