4801-03 S ARCHER Avenue Chicago, IL ^$ 1,300,000

4801-03 S ARCHER Avenue

^$ 1,300,000

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4801-03 S ARCHER Avenue

Chicago, IL, 60632

^$ 1,300,000

Bedrooms3 Baths0.0

Monthly Estimate*

^$ 9,081

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Multi-Family Home for sale in Chicago, IL

for $1,300,000 with 3 bedrooms. This home was built in 1971.

Welcome to a prime investment opportunity! This newer brick 12-unit apartment building boasts a smart mix of 10 spacious 2-bedroom units and 2 cozy 1-bedroom units, ensuring a steady cash flow. Situated in a desirable location, tenants enjoy modern living with balconies. Recent upgrades including a newer boiler and carpet ensure low maintenance costs. Whether you're a seasoned investor or a newcomer to real estate, this property promises excellent returns and long-term value. Act fast - opportunities like this don't last long!

Multi-Family Contingent

Price

^$ 1,300,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 22,418

Style

Multi-Family

Year Built

1971

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11998621

Features

General

Cooling Window Unit(s)

Possession Closing Tenant's Rights

Zoning MULTI

Year Built 1971

Electric Circuit Breakers

Tenant Pays Air Conditioning Electricity Other

Stories 3

Township Lake

Tax Year 2022

Current Use Multi-Family

Gross Income 137406

County Cook

Net Operating Income 96548

Operating Expense 40637

Insurance Expense 3723

Property Type Commercial Sale Multi Family 5+

Contingency Attorney/Inspection

Possible Use Condominium Multi-Family

Status Contingent

Directions ARCHER 1 BLK WEST OF LAWNDALE

City Chicago

Total Units 12

MLS Area CHI - Archer Heights

Street Name ARCHER

Tax Annual Amount 22418

Electric Expense 769

Fuel Expense 7829

Trash Expense 1891

Water Sewer Expense 4207

Additional Parcels Y/N Y

Days on Market 32

Standard Status Active Under Contract

Exterior

Foundation Details Concrete Perimeter

Lot Dimensions 51X128

Frontage Type City Street

Exterior Brick

Interior

Street Suffix Avenue

* Excluded Features

List By

Re/Max Mi Casa

Broker

mcastillo@micasarealtors.com

Affordability Calculator

$10,949

Per Month

Monthly Principal & Interest: $9,081
Monthly Property Taxes: $1,868
Monthly Home Insurance: --

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Down Payment

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Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$640,808

Percent of Sale Price 51%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/8/2024	$1,300,000		Listed Price

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4801-03 S ARCHER Avenue, Chicago, IL, 60632 is a Multi-Family Home for sale at $1,300,000. 4801-03 S ARCHER Avenue has 3 bedrooms, 0.0 baths, and was built in 1971. The property's zip code is 60632 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 5/1/2024.

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4801-03 S ARCHER Avenue

Multi-Family Home for sale in Chicago, IL

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