237 W 114th StreetChicago, IL 60628

Description

Well-maintained 2-unit multifamily property featuring one 4-bedroom unit and one 3-bedroom unit, for a total of 7 bedrooms, with additional den/flexible-use space in each unit. The $375,000 asking price represents approximately $187,500 per unit based on the property containing two separate residential units. The property is vacant seeking a landlord seeking 2 rentals or an owner-occupant who wants to live in one unit while generating rental income from the other. The first-floor unit is currently rented for $1,200 per month. The entire building is in great condition and features hardwood floors, recently updated bathrooms, and newly renovated kitchens. Each unit has a private rear entrance, along with a shared front entrance and common hallway. Both units are separately metered for gas and electric. The property is equipped with two high-efficiency U.S. Boiler Company ALTA gas boiler systems, each serving the individual radiator heating system for its respective unit. The full basement includes a stackable washer and dryer dedicated to each unit. Additional features include a full basement, attic, private driveway, and fenced backyard. The property currently has staging furniture throughout portions of the interior and exterior. Upon sale, the property can be delivered broom-swept clean with all staging furniture and personal property removed. The tenant is flexible to stay or exit upon sale. $375,000 total asking price | Approximately $187,500 per residential unit

Property Information

Property type

Residential Income

Sub-type

Multi Family

Year built

1922

Lot dimensions

24x125

Parking spaces

4

Ownership

Fee Simple

Days on market

89

MLS^® Listing#

12729007

Property Features

Heating

Radiant

Basement

None

Construction

Frame

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$462Tax year 2023

Parcel number

25212260060000

Directions

From central Chicago, head south on I-94 toward the Roseland neighborhood, exit near 115th Street, then continue west to reach W 114th St. Follow the street to number 237 W 114th St #1, located within a residential block on the city's South Side.