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Listed by Ewelina Siutaof eXp Realty
$ 700,000
Est. payment /mo
Active
6200 S Harlem Avenue Summit, IL 60501
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12621225
Year Built 1961
Annual Tax Amount $10,750
Tax Year 2023
Lot Dimensions 57x72
Property Sub-Type Multi Family 5+
Property Description
Turnkey 6-unit investment opportunity in Summit Argo! This well-maintained multi-family building features five 1BD/1BA units and one spacious 2BD/1BA unit, with 5 of 6 units currently occupied by long-term, month-to-month tenants - no lease headaches, just steady income from day one. The sellers have taken pride in maintaining the building. Investors will love the no-fuss layout - no interior stairwell to maintain - plus an on-site coin laundry room for added convenience and additional income potential. A private rear parking lot adds everyday ease for tenants and long-term appeal for the next owner. One unit is vacant and ready for an owner-occupant or to be leased at market rate immediately. Current rents are all far below market value. A rare chance to step into a stabilized asset with reliable tenants and room to grow. Don't miss it!
Location
State IL
County Cook
Interior
Cooling Wall Sleeve
Fireplace N
Exterior
View Y/N true
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