Chicago, IL 60639 1908 N Keystone Avenue

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Presented By: Berkshire Hathaway HomeServices Chicago
  • MLS# 12135477
  • 08/15/2024
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 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.
Presented By: Berkshire Hathaway HomeServices Chicago

Interior Features for 1908 N Keystone Avenue

Other Interior Features

BasementUnfinished

General for 1908 N Keystone Avenue

Additional Parcels Y/NNo
CityChicago
ContingencyAttorney/Inspection
CoolingCentral Air
CountyCook
Current UseMulti-Family
Days on Market23
DirectionsOn north Keystone Ave at Cortland St
ElectricCircuit Breakers, Service - 101 to 200 Amps
Electric Expense525
Fuel Expense
Gross Income8240
Insurance Expense3342
MLS AreaCHI - Hermosa
MaintenanceExpense2000
Net Operating Income78612
NumberOfUnitsTotal5
Operating Expense20268
PossessionClosing
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive Under Contract
StatusContingent
Stories3
Tax Annual Amount9216
Tax Year2023
Tenant PaysElectricity, Heat
Trash Expense0
Water Sewer Expense2351
Year Built1907

Exterior for 1908 N Keystone Avenue

Lot Dimensions25 X 125
Lot Size Acres0.07

Additional Details

Price History

Worth Clark

Price $950,000
MLS#12135477
List Date 08/15/2024
Property Type Contingent
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