House for sale
$849,000 - Chicago IL 60621Chicago IL 60621
House for sale
- Baths: 2
- Price: $849,000
- :
Overview
A charming twelve-unit walk-up building situated in the Grand Crossing neighborhood on Chicago's South Side. Nestled on a serene, tree-lined street, this property offers tenants the convenience of quick and easy access to downtown Chicago, with the I-94 Express just blocks away. 7257 S. Princeton boasts an exceptional unit mix, comprising solely of two and three-bedroom apartments. With six (6) 2b/1ba units and six (6) 3b/1ba units, the building provides spacious living spaces that have been meticulously maintained and protected by security cameras. The beautiful hardwood flooring is throughout each unit with gorgeous balconies, that provide residents with a private outdoor oasis where they can unwind, and enjoy the fresh air. Noteworthy recent improvements have been made to the property, including a newer boiler, updated hot water storage tanks, modernized copper plumbing, upgraded windows, and newly constructed porches that meet code requirements. These enhancements ensure that 7257 S. Princeton stands as a stable and robust investment, generating consistent cash flow. From day one, a new owner can expect a cap rate of 10.1% with the possibility to use an existing management company Taty Management. However, the true potential lies in the opportunity to increase rental income, since rent is below the market. By doing so, an investor can attain a remarkable cap rate exceeding 12.6%, along with an exceptional cash-on-cash yield. 7257 S. Princeton represents a rare chance to acquire a well-established income-generating asset in the Grand Crossing neighborhood of Chicago. With its strong tenant base and attractive financial prospects, this property offers a solid investment opportunity. For more details and to contact: https://realtyww.info/homes_chicago-d523258/for-sale_i70924126Disclaimer
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
Location
Chicago IL 60621
House for sale
Disclaimer
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2024-04-21, Viewed 0 times.
Search more listings
- Top 100 3 bedroom house for sale raleigh nc fireplace
- Top 20 2 bedroom house for rent los angeles ca backyard
- Top 10 1 bedroom apartment for rent stockbridge ga pool
- Top 20 2 bedroom apartment for rent framingham ma balcony
- Top 20 2 bedroom apartment for rent montral qc a/c
- Top 10 2 bedroom apartment for rent manvel tx tennis court
- Top 10 1 bedroom apartment for rent knoxville tn appliances
- Top 100 2 bedroom apartment for rent fort worth tx tub
- Top 20 2 bedroom apartment for rent cockeysville md carpet
- Top 20 2 bedroom apartment for rent fairview tx balcony
- Top 10 3 bedroom apartment for rent humble tx den
- Top 20 3 bedroom house for sale aiken sc hardwood floor