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124 N Menard Avenue Chicago, IL $ 499,000
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$ 499,000 Get more info
124 N Menard Avenue
$ 499,000
Back to search
Share Save

124 N Menard Avenue

Chicago, IL, 60644
$ 499,000
Bedrooms8 Baths4.0

Monthly Estimate*

$ 2,989

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Multi-Family Home for sale in Chicago, IL

for $499,000 with 8 bedrooms and 4 full baths. This home was built in 1964 on a lot size of 0.07.

This investment opportunity presents a well-maintained all-brick 4-flat building generating $60k in annual rental income from Section-8 tenants. Each of the four 2-bedroom, 1-bathroom units includes a separate basement for tenant storage and washer/dryer hookups. With low property taxes and tenants responsible for utilities, the property offers immediate returns and long-term growth potential. It's turnkey, suitable for investors at any experience level. FHA loan potential for owner occupied investor with 3.5% down payment.

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Multi-Family Contingent

Price

$ 499,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 2,673

Style

Lot Size

0.07

Year Built

1964

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12061071
Features
General
Sewer Public Sewer
Heating Natural Gas
Possession Closing
Year Built 1964
Township West Chicago
Tax Year 2022
Percent Ownership Fee Simple
Community Features Street Lights Street Paved
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Contingency Attorney/Inspection
Total Rooms 16
Status Contingent
Directions N Menard Ave between W Washington Blvd and W West End Ave
City Chicago
High School District 299
MLS Area CHI - Austin
Waterfront Y/N N
Tax Annual Amount 2673.65
Days on Market 92
Standard Status Active Under Contract
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Full Unfinished
Total Bedrooms 8
Total Baths 4
Bedrooms Possible 8
Bathroom Soaking Tub
Full Baths Building 4
Half Baths Building 0
Total Number of Units 4
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Exterior
Water Source Lake Michigan
Total Parking 2
Lot Dimensions 3205
Lot Size Acres 0.07
Exterior Brick
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* Excluded Features
List By
Exit Strategy Realty

Broker

spervaiz@4106oakton.com

Email

Affordability Calculator

$3,211
Per Month
93%
7%
0%
Monthly Principal & Interest
$2,989
Monthly Property Taxes
$223
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% 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
566059 Elementary School
566846 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/13/2024$499,000 -1.96% Price Down
5/20/2024$509,000 Listed Price

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124 N Menard Avenue, Chicago, IL, 60644 is a Multi-Family Home for sale at $499,000 with a lot size of 0.07. 124 N Menard Avenue has 8 bedrooms, 4.0 baths, and was built in 1964. The property's zip code is 60644 which is in Chicago, IL

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