Chicago Brick Four Flat... Only $30K Fix & Cash Flow

[Anita Fofie]

Email [email protected] or call/text 604-345-2740 for more information

12021 S. Eggleston Ave Chicago, IL 60628

Asking Price: $30,000

Repair estimate is $100,000

Gorgeous 4 Flat in West Pullman

Built 1887

2 stories with full basement

4596 sf living space

Each of the four units is a 2 bed/1 bath apartments are spacious--each apartment is 1150 sf and rented for $1000/month

Section 8 gross rental income was $4000/month.

Full Gut rehab. This was a highly performing rental property prior to fire last year. Long time owner of the property did not want to rebuild. 

Taxes: $2,609.84*

*Worried about property taxes? This property qualify for Cook County Class 9 status:

An incentive designed to encourage the rehabilitation and new construction of multifamily rental housing for use by low and moderate income households. If a property is found to qualify, it will be assessed at 10% during the first 10 years. Some properties may qualify for an additional 10 year period.

See additional links to photos on Google drive:

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Email [email protected]  or call/text 604-345-2740 for more information