Chicago, IL 60620 9211 S Laflin Street

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Presented By: Landmark Property Management, Inc.
  • MLS# 11987588
  • 02/21/2024
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
  • Beds • 5

Home Details

Discover the perfect investment with this 15-unit brick property, currently bringing in $15,680/month in gross rents. This property features a desirable mix of two-bedroom, one-bedroom, and studio apartments, plus an adjacent parking lot for tenant use. Located on a desirable block, this property boasts spacious living spaces that cater to a wide range of tenants. Meticulously maintained, it demonstrates the owners' commitment to quality, with a gas forced air system for efficient heating and separate utilities to minimize landlord expenses. Situated in a safe, quiet area just 20 minutes from the loop, tenants enjoy proximity to amenities, including shopping, dining, parks, and public transport. Offering a mix of rehabbed, updated, and vintage units, this property presents a significant value-add opportunity through potential rent increases, further renovations, and additional income streams like paid parking. An exceptional chance for both seasoned investors and newcomers, this property promises stability and significant growth potential. May be purchased as a portfolio with 6221-6235 W Wabansia, Chicago, MLS#11984243.
Presented By: Landmark Property Management, Inc.

Interior Features for 9211 S Laflin Street

Other Interior Features

BasementNone

General for 9211 S Laflin Street

Additional Parcels Y/NYes
CityChicago
Construction MaterialsBrick
CoolingNone
CountyCook
Current UseMulti-Family
Days on Market117
Directions93rd to Laflin, North on Laflin to property.
ElectricCircuit Breakers
Electric Expense1605
Fuel Expense4156
Gross Income188160
Insurance Expense5477
MLS AreaCHI - Washington Heights
MaintenanceExpense17682
Net Operating Income88694
NumberOfUnitsTotal15
Operating Expense77283
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusPrice Change
Stories4
Tax Annual Amount17682
Tax Year2022
Tenant PaysElectricity, Heat
Trash Expense3473
UtilitiesWater-Municipal, Cable Available
Water Sewer Expense4271
Year Built1931
ZoningMULTI

Exterior for 9211 S Laflin Street

ExteriorBrick
Foundation DetailsConcrete Perimeter
Frontage TypeCity Street, Alley Access
Lot Dimensions90X125

Additional Details

Price History

Worth Clark

Price $1,299,000
MLS#11987588
List Date 02/21/2024
Property Type Multi-Family
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