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615 West 46th , Chicago, IL 60609

Back of the Yards

Sold
Price: $549,000
Bed: 8
Bath: 6
Taxes: $5061
Market Time: 59 days
Year Built: 1885
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Description:

Well maintained turnkey legal 4 unit building with great cash flow and 8% cap rate in Canaryville. Same owner for 14 years. Two 3 bedroom/2 bath units and two 2 bedroom/1 bath units. All units have been updated and have hardwood floors and dishwashers. Coin op washer/dryer and secure storage in basement. All utilities separate. New roof 2014, new garage 2007, new water service 2014, new hot water heaters (2016 and 2020), hvac updated in 3 units (2016 and 2020), spray foam insulation 2019. Long term tenants. Live in 2F (currently vacant), rent other 3, cash flow positive with 10% down. Great location near x-way, el, restaurants, Guaranteed Rate field. Photos are of 2F, other units have similar finishes.

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