3245 West 23rd Street, Chicago, IL

$1,950,000

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About 3245 West 23rd Street

Welcome to the perfect investment opportunity in the vibrant neighborhood of Little Village! Presenting a 10-unit multifamily building that combines the benefits of a prime location, below market rents, and recently rehabbed units. This property offers tremendous potential for both immediate cash flow and long-term growth. One of the standout features of this multifamily building is its below market rents. With rental rates lower than the prevailing market rates in the area, this property provides a unique advantage. This presents an excellent opportunity for an investor to capitalize on the potential for increased cash flow. By gradually raising the rents to market levels, you can significantly boost your monthly income and enhance the overall profitability of the investment. Located in the vibrant community of Little Village, this building is situated in an area experiencing rapid growth and development.

Features of 3245 West 23rd Street

MLS® # 11876743
Price $1,950,000
Bathrooms 0.00
Acres 0.00
Year Built 1960
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 3245 West 23rd Street
Area CHI - South Lawndale
City Chicago
County Cook
State IL
Zip Code 60623

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Additional Information

Days on Market 244
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeFirst Western Properties

Listing Map

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