109 Chicago Ave McAllen, TX 78501
- Small apartment buildings
- 1,762 SF
Current Use by Public Records
- Small apartment buildings
Property Details for 109 Chicago Ave
- Year built
- 1968
- Property size
- 1,762 SF
- Property type
- Small apartment buildings
Description
This exceptional investment opportunity presents a renovated four-unit apartment building situated on a private street in McAllen, Texas. The property boasts a charming 3-bedroom, 2-bathroom home at the front and a rear building featuring one studio apartment and two one-bedroom units, each with a full bath and kitchenette, and independent entrances. Recent upgrades include a new roof, updated lighting, new water heaters, flooring, toilets, select plumbing lines, and modern window AC units and mini-splits. New cabinetry and fixtures enhance the property's appeal. The 1,762 square foot property sits on a 6,520.93 square foot lot and includes two buildings constructed in 1968. The property features a nice green common area patio with citrus trees and a private fence, along with two carports and additional parking for a third vehicle. Conveniently located off 2nd Street, it offers easy access to jogging trails, public transportation (Bus 83), and nearby amenities such as a Dollar Store and HEB. The property has one water meter and one electric meter. The zoning is RS. The seller possesses current and updated city permits for the remodeling work. Currently vacant for easy showing. This property offers multiple uses, from leasing as efficiencies to utilizing the front house as a primary residence and the rear building as a guest house, game room, or storage.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- McAllen
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.2205434
- Latitude
- 26.198701
