Chicago, IL 60623 1538 S Millard Avenue

Pending
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Presented By: 5th Group Corp
  • MLS# 12090052
  • 06/20/2024
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
  • Beds • 6

Home Details

Introducing a newly renovated multifamily unit building, an exceptional investment opportunity with immediate income potential. This meticulously updated property comprises eight units and boasts a high occupancy rate of 95%, with only one unit currently available. The building includes three spacious 3-bedroom units, four comfortable 2-bedroom units, and one cozy 1-bedroom unit. With modern upgrades and attractive living spaces, this property is designed to appeal to discerning tenants, ensuring a steady stream of rental income. Perfectly suited for both seasoned investors and those new to the market, this multifamily building is a turnkey investment in a thriving rental market. Don't miss out on the chance to secure this lucrative asset and enjoy the benefits of a well-maintained, income-generating property.
Presented By: 5th Group Corp

General for 1538 S Millard Avenue

Additional Parcels Y/NNo
CityChicago
CoolingCentral Air
CountyCook
Current UseMulti-Family
Days on Market93
DirectionsWest of Central Park and 16th Street.
Electric Expense1440
Fuel Expense
Gross Income102600
Insurance Expense5052
MLS AreaCHI - North Lawndale
MaintenanceExpense
Net Operating Income87080
NumberOfUnitsTotal8
Operating Expense8620
Possible UseMulti-Family
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusPending
StatusPending
Stories3
Tax Annual Amount9769
Tax Year2022
Tenant PaysElectricity, Heat, Hot Water
TownshipWest Chicago
Trash Expense1980
Water Sewer Expense5200
Year Built1905
ZoningMULTI

Exterior for 1538 S Millard Avenue

ExteriorBrick
Lot Dimensions25X125
Lot Size Acres0.07

Additional Details

Price History

Worth Clark

Price $699,000
MLS#12090052
List Date 06/20/2024
Property Type Pending
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