Ray McDevitt
- Buy
- Sell
https://www.ruhlmortgage.com/ChrisSchneider.html
Description
Legal 4-Unit Investment Opportunity in Logan Square! Exceptionally spacious multifamily property offering over 5,700 square feet of building area per county records. Three generously sized 3-bedroom, 1-bathroom apartments feature separate living and dining rooms, while the garden unit offers 2 bedrooms and 1 bathroom. All four units have separate utilities and individual forced-air heating systems. Current rents are below market, with rental comparables available to support the opportunity for increased income. Recent improvements include a newer roof, replaced skylight, new lintels at the front windows, some window replacements, recent tuckpointing, and some kitchen updates. A 2-car brick garage adds additional value and convenience. While the property would benefit from further updating, its substantial building size, spacious apartment layouts, and income potential make it an attractive opportunity for investors or owner-occupants looking to build equity and maximize returns. Bring your vision and unlock the potential of this versatile Logan Square multifamily property! As-is sale.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 11
Bathrooms: 4
County: Cook
Subdivision: Logan Square
Listed By:
Coldwell Banker Realty
312-266-7000
MRED MLS
MLS ID: 12801418
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3547 W Palmer Street , Chicago, IL 60647.
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563-441-1862
toll free 866-441-1862
Customize Your Rate
| Loan Type | FHA 30 Year Fixed | 15 Year Fixed | VA 30 year fixed |
| Purchase Price | $1,100,000 | $1,100,000 | $1,100,000 |
| Down Payment | $38,500 | $275,000 | $0 |
| Monthly Mortgage Amount | $7,095 | $7,074 | $7,288 |
| Taxes | $1531 | $1531 | $1531 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $660 | $0 | $0 |
| Monthly Estimated Total | $9,607 | $8,926 | $9,140 |
Ray McDevitt
REALTOR®
Office: (563) 441-5228
Cell: (563) 940-0754
Licensed in IA & IL
Bettendorf Office
1228 Middle Road
Bettendorf, IA 52722
(563) 441-5000
Bettendorf, IA 52722
(563) 441-5000
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