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$849,000

Est. payment - /mo

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7 Beds

3 Baths

Active Under Contract

1824 W Hood AVE Chicago, IL 60660

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12300442

Bedrooms 7

Year Built 1916

Annual Tax Amount $8,017

Tax Year 2023

Lot Dimensions 40X100

Property Sub-Type Two to Four Units

Property Description

This property has been gut rehabbed and is ready for an owner-user or investor to take over! 1824 W Hood Ave sits on a 40x100ft lot and features all new copper plumbing, brand new electric, new water heaters, individual HVAC, in-unit washer/dryer, updated interior finishes and a brand new garden unit. It is a legal 2-unit, but the garden unit is extremely nice and would be a great place to live. Garden unit is a 2br/1ba, 1st floor is a 2br/1ba, & 2nd floor is a 3br/1ba. Additionally, the property features enough parking spaces for up to 8 cars - perfect for your tenants and definitely something that could be rented out to other people in the neighborhood for additional income. The property will be delivered vacant, but at rent estimates, this property will be operating at over a 7% cap rate. Gross rents at ~$80,000 once fully rented out and with utilities separate, expenses are low! OM available upon request. Come check it out!

Location

State IL

County Cook

Area Chi - West Ridge

Rooms

Basement None

Interior

Heating Natural Gas

Fireplace N

Building

Dwelling Type Two to Four Units

Sewer Public Sewer

Water Lake Michigan

New Construction false

Schools

School District 130 , 130, 130

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

Listed by John Preston • Horvath & Tremblay IL, LLC

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106