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    2657 W Luther Street

    Chicago, IL 60608
    • $825,000
    • STATUS: Active Under Contract
    • ON SITE: 50 days
    • MLS #: 11064056
    Under Contract
    UPDATED: 32 min ago
    $825,000
    • 8
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1899
    County:

    School Ratings & Info

    School District:
    299

    Description

    Newly renovated, fully occupied and cash flowing 4 unit brick building on a 50 ft corner lot. The units feature modern European style cabinets with quartz countertops and a full stainless Package. Every unit has restored hardwood floor, brand new modern baths, and in-unit washer dryers. Tenants pay all electric and gas utilities. Location in "West Pilsen" which is a designated QEV Zone (Investors pay no capital gains tax if they hold for 7+ years). Monthly rent at $6,000, but pre-Covod it was a $6,500. In the next leasing cycle will be easy to raise rents. Can come with professional management that handle everything. Also easy to self manage. Very low maintenance investment property. Will not last long!

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Littlefield Group | Keller Williams Realty. Based on information submitted to the MRED as of 2021-06-13T09:52:02.56 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    2657 W Luther Street Chicago, IL 60608

    • Price: $825,000
    • Status: Active Under Contract
    • Updated: 32 min ago
    • MLS #: 11064056
    8
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1899
    Built
    Neighborhood:
    Chi - South Lawndale
    County:
    Cook
    Area:
    Chi - South Lawndale
    School District:
    299
    Property Description
    Newly renovated, fully occupied and cash flowing 4 unit brick building on a 50 ft corner lot. The units feature modern European style cabinets with quartz countertops and a full stainless Package. Every unit has restored hardwood floor, brand new modern baths, and in-unit washer dryers. Tenants pay all electric and gas utilities. Location in "West Pilsen" which is a designated QEV Zone (Investors pay no capital gains tax if they hold for 7+ years). Monthly rent at $6,000, but pre-Covod it was a $6,500. In the next leasing cycle will be easy to raise rents. Can come with professional management that handle everything. Also easy to self manage. Very low maintenance investment property. Will not last long!
    Exterior Features

    Architectural Style Other Exterior Building Type Brick Foundation Details Brick/Mortar Garage On Site Yes Garage Ownership Owned Garage Type Detached Number Of Cars 2 Parking Garage Unit1 Floor Level 1 Unit2 Floor Level 1 Unit3 Floor Level 2 Unit4 Floor Level 2 Waterfront YN Yes

    Interior Features

    3 Bedroom Unit In Building No Appliances Features Unit1 StoveRefrigeratorWasherDryerDishwasherMicrowave Appliances Features Unit2 StoveRefrigeratorWasherDryerDishwasherMicrowave Appliances Features Unit3 StoveRefrigeratorWasherDryerDishwasherMicrowave Appliances Features Unit4 StoveRefrigeratorWasherDryerDishwasherMicrowave Basement None Basement Bathrooms YN No Basement Description None Bathrooms Total Integer 6 Bedrooms Below Grade 0 Bedrooms Possible 8 Full Baths In Building 6 Full Baths In Unit1 2 Full Baths In Unit2 1 Full Baths In Unit3 2 Full Baths In Unit4 1 Half Baths In Building 0 Half Baths In Unit1 0 Half Baths In Unit2 0 Half Baths In Unit3 0 Half Baths In Unit4 0 Heating None Number Of Bedrooms Unit1 2 Number Of Bedrooms Unit2 2 Number Of Bedrooms Unit3 2 Number Of Bedrooms Unit4 2 Number Of Rooms Unit1 5 Number Of Rooms Unit2 4 Number Of Rooms Unit3 5 Number Of Rooms Unit4 4 Rooms Total 18

    Property Features

    Additional Parcels YN No Age Description 100+ Years Built Before1978 YN Yes Corporate Limits Chicago General Information None Lease Exp Date Mo Yr Unit1 4/22 Lease Exp Date Mo Yr Unit2 8/21 Lease Exp Date Mo Yr Unit3 8/21 Lease Exp Date Mo Yr Unit4 9/21 Lot Size .25-.49 Acre Lot Size Dimensions 50X71.7 New Construction YN No Property Sub Type 2 Story Unit/S Rebuilt YN Yes Rehab Year 2019 Rehab YN Yes Security Deposit Unit1 0 Security Deposit Unit2 0 Security Deposit Unit3 0 Security Deposit Unit4 0 Sewer Public Sewer Special Assessments N Special Listing Conditions Pre-Foreclosure Special Service Area N Tax Annual Amount 4416 Tax Year 2019 Tenant Pays Unit1 ElectricGasHeatParking Tenant Pays Unit2 ElectricGasHeatParking Tenant Pays Unit3 ElectricGasHeatParking Tenant Pays Unit4 ElectricGasHeatParkingScavenger Unit1 Rent 1800 Unit2 Rent 1300 Unit3 Rent 1540 Unit4 Rent 1499 Water Source Lake Michigan Zoning Multi

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Main Street Real Estate Group.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Littlefield Group | Keller Williams Realty. Based on information submitted to the MRED as of 2021-06-13T09:52:02.56 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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