For sale about 2 months ago

$585,000

11+ bd 4+ ba 0 sqft

1516 N Keystone, Chicago, IL 60651

Residential Quadplex Occupied

Current Rent

$3,700

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent: $1,200
  • Bedroom: 3 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No
Unit 2 Details
  • Current Rent: $1,200
  • Bedroom: 3 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No
Unit 3 Details
  • Current Rent: $1,000
  • Bedroom: 3 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No
Unit 4 Details
  • Current Rent: $300
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No

Chicago Multi-Unit | West Humboldt Park

Brick, legal 3-Unit situated on oversized lot in West Humboldt Park! This beautiful vintage building features three LARGE 3br/1ba units with bright living rooms, formal dining rooms, eat-in kitchens, and enclosed back porches. Each unit has gorgeous original woodwork, high ceilings, large windows and abundant natural light, hardwood floors, and built-in hutches. Bonus 2br/1ba garden in-law unit. All units offer gas forced heat, central air, and separate utilities. Shared laundry in basement. Roof is approximately 8 yrs old. 3-car garage offers additional income. Nice tenants, many long-term, most MTM, with one lease ending 12/31/22. Great opportunity for value add and to increase current rents. Sold AS-IS. **Seller is offering a $10,000 closing cost credit with a contract by Labor Day!**

Location:

1516 N Keystone, Chicago, IL 60651

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*The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.