1237 S 51st Avenue

GREAT INVESTMENT OPPORTUNITY! 6 UNIT BRICK BUILDING WITH MANY UPGRADES! 4 UNITS WITH 2 BEDROOMS AND 2 UNITS WITH 3 BEDROOMS. THE FOLLOWING REMODELING WORK WAS COMPLETED IN 2014: NEW WINDOWS THROUGHOUT, NEW ROOF (TEAR-OFF) AND ELECTRICAL SYSTEM UPGRADED. NEW FLOOD CONTROL SYSTEM INSTALLED IN 2015. 5 OUT OF 6 H2O HEATERS WERE REPLACED IN MAY 2021. THERE ARE TWO BOILERS AND ONE FURNACE. 2 SUMP PUMPS. NEWER PARKING PAD IN THE REAR. PROPERTY IS IN GREAT CONDITION BUT IT IS BEING SOLD IN AS-IS CONDITION. (SELLER WILL COMPLY WITH CICERO REQUIREMENTS). CURRENT RENTS ARE LOW DUE TO LONG TIME TENANTS (MONTH TO MONTH TENANCY). ADJACENT VACANT LOT IS INCLUDED IN THE LIST PRICE.

Features & Amenities

Exterior

Stories 3
Utilities Water-Municipal, Water to Site
ROOF Membrane, Rubber
Air Conditioning None
Substructure Brick

Area & Lot

Status Sold
LIVING SPACE 5,808 Sq.Ft.
LOT SIZE 0.144 Acres
MLS ID 11208307
Type COMMERCIAL
Year Built 1915

Financial

SALES PRICE $370,000
REAL ESTATE TAXES $15,908
Zoning MULTI

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