Chicago, IL 60619 7250 S Langley Avenue
$380,000



23 more
























Presented By: Keller Williams Preferred Rlty
Home Details
Position yourself for success with this solid 7-unit brick building, ideally located in Chicago's rapidly growing Greater Grand Crossing neighborhood - just minutes from the new Obama Presidential Library, Metra stations, shopping, and public transportation. This is the kind of high-potential investment opportunity that serious buyers move quickly on. The building consists of six spacious 1-bedroom, 1-bath units and one large 3-bedroom, 1-bath unit, offering an excellent rental mix to attract a variety of tenants. Major improvements have already been taken care of, including a brand-new roof in 2023, new front windows installed in 2020, and three new furnaces added the same year, giving you peace of mind and reducing future maintenance costs. Tenants are responsible for their own gas and electric, while the owner covers water, common gas, and lighting expenses. There is also a detached 2-car garage for added convenience, laundry facilities in the basement, and untapped potential to add an additional unit to further boost your income. Currently, three units are rented while four units are vacant, presenting the perfect scenario for both immediate cash flow and future rent growth after light improvements. Some updating has already been completed, allowing you to step in and tailor the property to maximize returns. This property is being sold as-is and offers a golden opportunity to secure a valuable income-producing asset in an area on the brink of major revitalization. With solid fundamentals, prime location, and endless upside, this is the kind of deal that smart investors recognize - and act on - fast. Don't let this opportunity pass you by. Schedule your showing today and start building your future wealth!
Presented By: Keller Williams Preferred Rlty
Interior Features for 7250 S Langley Avenue
Other Interior Features
BasementPartially Finished
General for 7250 S Langley Avenue
Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
CountyCook
Current UseMulti-Family
DirectionsTake 73rd St. East of King Dr. to Langley then North to property.
Electric Expense450
Fuel Expense350
Gross Income67800
Insurance Expense
Lot Size Square Feet3472
MLS AreaCHI - Greater Grand Crossing
MaintenanceExpense300
Net Operating Income45000
Number Of Units Total7
Operating Expense22800
PossessionClosing
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories2
Tax Annual Amount2531.91
Tax Year2023
Tenant PaysElectricity, Heat
TownshipHyde Park
Trash Expense150
Water Sewer Expense575
Year Built1888
ZoningMULTI
Exterior for 7250 S Langley Avenue
Building Area Total3660
Lot Dimensions125X25
Lot Size Acres0.07
Additional Details
Price History
