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1943 S MAY ST Chicago, IL 60080
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Key Details
Sold Price $850,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11338361
Sold Date 04/29/22
Year Built 1889
Annual Tax Amount $8,846
Tax Year 2020
Lot Dimensions 2500
Property Sub-Type Multi Family 5+
Property Description
Former Bakery converted to an income-producing, 6-unit, corner Multi-Family with a coach house, in Pilsen! This unique opportunity features 1 store front (currently on a month-to-month lease) and 5 additional residential apartments. Three 1 bedroom/1 bath units (one in the main building and two in the coach house) plus two options for an owners' unit: One updated 2 bedroom/1 bath lofted apartment with exposed brick, central heat and a/c and a laundry hookup...or One duplex up, 2 bedroom/ 2 bath + family room (possible 3rd bedroom) with it's own hot water heater and in-unit washer/dryer. Each unit has its own heating system and electric meter. There is also an unfinished unit on the top floor, that could be added to the duplex up for more square footage or another unit for income (it has it's own electric meter). Recent improvements to the roof, painting to the common hallways and some windows replaced. Long-term tenants with below market rents - opportunity to increase cash flow (please ask us for pro-forma showing market rate rents). All leases will end in 2022. Conveniently located to the Expressway, Dvorak Park, minutes from Downtown and all the shops and restaurants of 18th street and galleries on Halsted.
Location
State IL
County Cook
Area Chi - Lower West Side
Zoning MULTI
Rooms
Basement Unfinished, Concrete, Storage Space
Interior
Cooling Central Air, Window Unit(s)
Fireplace N
Exterior
Utilities Available Sewer Connected
Building
Structure Type Brick
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Bought with Alberto Fernandez of Chicago Turnkey Properties
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