Chicago, IL 60609 4400-4402 S HONORE Crest
$650,000



12 more












Presented By: RE/MAX Mi Casa
Home Details
Excellent investment opportunity in the New City area! This mixed-use property offers strong income potential with 8 residential units plus 1 storefront, providing multiple streams of revenue. The building features a desirable unit mix, including two 4-bedroom units, one 5-bedroom unit, one 3-bedroom unit, and four 2-bedroom units, appealing to a wide range of tenants. Most apartments have been updated, and each unit is equipped with separate heat and electric, helping to reduce owner expenses and simplify management. The storefront is currently vacant, creating a great opportunity for an owner-user to start a business or lease for additional income. The property is well-maintained and currently occupied by long-term tenants, with rents below market value, offering significant upside potential for increased cash flow. No leases in place provide added flexibility for future plans. Conveniently located near major streets, public transportation, and local amenities. A solid opportunity for investors looking to build equity and maximize returns in a growing area. *FULL UNFINISHED BASEMENT*
Presented By: RE/MAX Mi Casa
Interior Features for 4400-4402 S HONORE Crest
Other Interior Features
BasementUnfinished
General for 4400-4402 S HONORE Crest
Additional Parcels Y/NNo
Cap Rate4.82
CityChicago
Construction MaterialsBrick
CoolingNone
CountyCook
DirectionsASHLAND TO 43RD/WEST TO HONORE/SOUTH
ElectricCircuit Breakers
Electric Expense
Fuel Expense
Gross Income72000
Insurance Expense2823
Lot Size Square Feet5800
MLS AreaCHI - New City
MaintenanceExpense
Net Operating Income59600
Number Of Units Total9
Operating Expense12400
PossessionClosing, Tenant's Rights
Possible UseRetail
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories Count3
Tax Annual Amount15997
Tax Year2024
TownshipLake
Trash Expense2400
Water Sewer Expense7200
Year Built1909
ZoningMULTI
Exterior for 4400-4402 S HONORE Crest
Foundation DetailsConcrete Perimeter
Frontage TypeCity Street
Lot Dimensions50X125
Additional Details
Price History
