Chicago, IL 60622 2448 W Iowa Street
$1,435,000
6 more
Presented By: @properties Christie's International Real Estate
Beds • 3
Home Details
Incredible Value-Add Opportunity! 6-unit plus garden in a great location with a lot of new development close to restaurants, shops and transportation. Well maintained building that is fully rented with long term tenants. All units have GFA/CA and tenants pay their own heat. Plumbing and electric have been upgraded. Roof approximately 10 years old. 5 units have in-unit washer/dryer and 2 units share laundry in the basement. The three front units are 2 bedroom/1 bath, the three rear units are 1 bedroom/1 bath and the garden unit is a studio. Property being sold AS-IS.
Presented By: @properties Christie's International Real Estate
General for 2448 W Iowa Street
Additional Parcels Y/NNo
Cap Rate4.6
CityChicago
Construction MaterialsBrick
ContingencyAttorney/Inspection
CoolingCentral Air
CountyCook
DirectionsProperty is North of Chicago, South of Augusta and West of Western; Iowa is one way East. Take Western to Chicago, west on Chicago, north on Rockwell, east on Iowa to 2448
ElectricCircuit Breakers, Separate Meters
Electric Expense1200
Fuel Expense2400
Gross Income114300
Insurance Expense4200
MLS AreaCHI - West Town
Maintenance Expense6000
ModificationTimestamp2025-07-24T23:17:01.653Z
Net Operating Income66426
Number Of Units Total7
Operating Expense47874
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive Under Contract
StatusContingent
Stories Count3
Tax Annual Amount30474
Tax Year2023
Tenant PaysAir Conditioning, Electricity, Heat
Trash Expense2400
Water Sewer Expense1200
Year Built1878
ZoningMULTI
Exterior for 2448 W Iowa Street
BuyerOfficeFax(312) 525-9660
Lot Dimensions29 X 125
Additional Details
Price History
