About 1248 W 83rd Street
Excellent Investment Opportunity - 13-Unit Apartment Building! Well-maintained, 12-unit brick apartment building situated on a desirable corner lot. This property features 1 two-bedroom apartments and 3 one-bedroom apartments, with hardwood floors throughout. Additional highlights include three spacious, clean basement areas, replacement windows, updated porches, and emergency lighting. The building is tenant-occupied, providing an opportunity for immediate rental income. Significant upside potential! Current rents are below area market rates, offering an opportunity to increase rental income over time. An excellent opportunity for investors seeking a multifamily property with income growth potential or possible condominium conversion.
Features of 1248 W 83rd Street
| MLS® # | 12781046 |
|---|---|
| Price | $1,400,000 |
| Bathrooms | 0.00 |
| Year Built | 1929 |
| Type | Commercial Sale |
| Sub-Type | Multi Family 5+ |
| Status | Active |
Community Information
| Address | 1248 W 83rd Street |
|---|---|
| Area | CHI - Auburn Gresham |
| City | Chicago |
| County | Cook |
| State | IL |
| Zip Code | 60620 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| Has Basement | No |
Exterior
| Exterior | Brick |
|---|
Additional Information
| Days on Market | 8 |
|---|---|
| Zoning | MULTI |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | KM Realty Group, LLC |
|---|