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Property Description

Built in 2006, Income Producing & Room to Grow! This tenant-occupied 2-unit offers an opportunity to acquire a multifamily property with existing rental income and potential for future income growth. Each unit features 3 bedrooms, 1 full bath, separate living and dining rooms, kitchen, and wood flooring. Tenants pay their own utilities, helping reduce owner-paid operating expenses. Current rents may offer an opportunity for future increases based on prevailing market rents and subject to existing lease terms and applicable regulations. The gated rear yard includes a parking pad for convenient off-street parking. The property offers access to public transportation, neighborhood shopping and services, parks and recreation, major thoroughfares, the Illinois Medical District, and Downtown Chicago. With two 3-bedroom units, tenant-paid utilities, existing rental income, off-street parking, and 2006 construction, this property offers several features for consideration by a future owner. Tenant occupied; property is being sold subject to existing leases and tenant rights.

Overview

Property Status
For Sale
Lot Size
3,049.2 Sq.Ft.
MLS ID
12752794
Property Type
Multi-Family
Year Built
2006

Features & Amenities

Neighborhood
Chicago
Water Source
Public
Roof
Asphalt
Parking
Off Alley, Yes, Owned
Heat Type
Natural Gas, Forced Air, Sep Heating Systems - 2
Sewer
Public Sewer
Substructure
Concrete Perimeter
School District
299
Sales Price
$385,000
Real Estate Tax
$6,045/yr
Zoning
MULTI

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3858 W Grenshaw Street

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