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$485,000

Est. payment - /mo

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6 Beds

3 Baths

New

4907 W Walton ST Chicago, IL 60651

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Maureen Boyle

maureenboyle@epique.me +1(262) 716-3641

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Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12458553

Bedrooms 6

Year Built 1913

Annual Tax Amount $4,852

Tax Year 2023

Lot Dimensions 25X126

Property Sub-Type Two to Four Units

Property Description

Nestled in the Austin neighborhood of Chicago, this fully renovated two-unit building has been completely gutted and is being given brand new life. Everything is NEW - electrical, plumbing, insulation, flooring, fixtures, appliances, and more. The first-floor unit is duplexed into the basement, offering a total of four bedrooms and two full bathrooms with an average market rent of $2,400/month. The second-floor unit features two bedrooms and one bathroom with an average market rent of $1,800/month. That's a total potential rental income of $4,200/month. Both kitchens boast modern finishes, including white upper cabinets, grey lower cabinets, quartz countertops and a full suite of stainless steel appliances. Each unit will also include its own washer and dryer, high-efficiency forced-air heating system, and central air conditioning condenser. A fenced-in yard leads to a rear parking pad with space for two vehicles. To make this opportunity even sweeter, the seller is offering a closing credit that can be applied toward loan-related expenses or to help buy down your interest rate. INVESTORS - take note: This property is an ideal candidate for a DSCR loan, which looks at your credit and the property's rental income (not your personal income). With $4,200/month in potential rents, this building can easily cover its debt service and generate strong cash flow.. Whether you're an owner-occupant wanting massive space or an investor looking for strong cash flow, this is the building you've been waiting for. Schedule your exclusive tour and come see this one for yourself. It could very well be the one you weren't searching for, but now need.

Location

State IL

County Cook

Area Chi - Austin

Zoning MULTI

Rooms

Basement Finished, Exterior Entry, Full, Walk-Out Access

Interior

Heating Natural Gas, Forced Air

Equipment CO Detectors, Multiple Water Heaters, Water Heater-Gas

Fireplace N

Exterior

Community Features Park, Curbs, Sidewalks, Street Lights, Street Paved

Roof Type Flat

Building

Dwelling Type Two to Four Units

Building Description Brick,Limestone, No

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick,Limestone

New Construction false

Schools

Elementary Schools Mcnair Elementary School Communi

Middle Schools Mcnair Elementary School Communi

High Schools Orr Community Academy High Schoo

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

Virtual Tour https://my.matterport.com/show/?m=uD7qsis7WGk&mls=1

Listed by James Salazar • @properties Christie's International Real Estate