Property summary
This exceptional four-unit apartment building, located at 9985 South Beverly Blvd in Chicago's desirable Beverly neighborhood, presents a compelling investment opportunity. The property boasts 6,000 square feet and comprises two 2-bedroom/1-bathroom residential units and two retail spaces. Each unit features its own furnace and water heater, ensuring independent climate control and reduced maintenance complexities. Currently, one retail unit is occupied, while the remaining three units are vacant, offering immediate potential for increased rental income. Recent capital improvements have enhanced the property's value and functionality. A detached garage provides additional income potential. Situated amongst single-family homes in a prestigious area, this property benefits from a strong location and high demand. The vacant units allow a new owner to immediately implement a rental strategy to maximize returns by stabilizing rents at market rates. This presents a unique chance to acquire an asset with significant upside potential in a highly sought-after Chicago neighborhood. The asking price is $389,000. This is a turnkey opportunity for an investor seeking immediate value appreciation and strong cash flow.
Property profile
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6 recent transactions · within 1.5 miComparable in this City
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Property description
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