1242 W Huron ST Open House Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60642
OPEN HOUSE
Sat Jul 26, 11:30am - 1:00pm
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12366326
Bedrooms 6
Annual Tax Amount $13,023
Tax Year 2023
Lot Dimensions 24X92
Property Sub-Type Two to Four Units
Property Description
Fully gut-renovated in 2017, this well-maintained 3-flat in West Town is a smart, income-producing asset with a projected $108,000/year in rental income and an estimated 8% cap rate. Each of the three 2 bed / 2 bath units features open-concept living, quartz countertops, white soft-close cabinets, subway tile backsplash, West Elm lighting, hardwood floors, and in-unit laundry. Two of the three units currently tenant-occupied. Tenants pay gas and electric, keeping expenses low. Updates include all new mechanicals, HVAC, windows, and rear porches in 2017. Two exterior parking spaces (one leased and one vacant) and dedicated storage rooms for each unit in the basement add further value. Located steps from Eckhart Park and walking distance to Chicago Ave shopping, dining, nightlife, and the Blue Line. Quick access to 90/94, Fulton Market, the Illinois Medical District, and upcoming developments like Bally's Casino and the United Center expansion. This is a smart, stable, and stylish income-producing property in a high-demand neighborhood with plenty of future upside. Reach out for rent roll and full financials-opportunities like this don't last!
Location
State IL
County Cook
Area Chi - West Town
Zoning MULTI
Rooms
Basement Unfinished,Storage Space,Full
Interior
Heating Natural Gas,Forced Air
Fireplace N
Exterior
Community Features Sidewalks,Street Lights
Building
Dwelling Type Two to Four Units
Building Description Vinyl Siding,Brick, Yes
Sewer Public Sewer
Water Lake Michigan
Structure Type Vinyl Siding,Brick
New Construction false
Schools
Elementary Schools Otis Elementary School
Middle Schools Otis Elementary School
High Schools Wells Community Academy Senior H
School District 299 ,299, 299
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany