- $750,000
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Description
Rare opportunity to own a spacious, legal 3-flat with 3 beds on every floor in River Grove! Most of surrounding buildings offer 8 not 9 bedrooms. Owners expenses water/trash/utilities is less than $250 per month with rents/laundry income of $6500. This well-maintained, income-producing brick building offers an excellent investment opportunity in a desirable location. Each spacious unit features 3 bedrooms and 1.5 baths, providing attractive layouts for tenants and strong long-term rental potential. The property has been thoughtfully updated and maintained, featuring newer kitchens in all three units, updated windows, hardwood flooring, granite countertops, stainless steel appliances, and copper plumbing throughout. Recent improvements also include new carpeting in the common staircases. Each unit features its own independent heating system, with tenants responsible for their own gas, heat, and electricity, helping keep operating expenses low. One boiler has been recently replaced, while the remaining two are in good working condition. Additional highlights include a full basement, income-generating coin-operated laundry, private driveway, and a garage that is currently rented for additional income. Multiple income streams and tenant-paid utilities make this an attractive investment opportunity.
- Residential Income
- 9
- 6
- 2
- 1966
Property Documents
Property Overview
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Property ID 12804168
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Price $750,000
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Land Area 0.12 Acres
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Bedrooms 9
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Bathrooms 6
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Rooms 15
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Garages 2
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Garage Size x x
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Year Built 1966
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Property Status Active Under Contract
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Property Type Residential Income
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