1227 Otto BLVD, Chicago Heights, IL 60411
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1227 Otto BLVD, Chicago Heights, IL 60411
1227 Otto BLVD, Chicago Heights, IL 60411
1227 Otto BLVD, Chicago Heights, IL 60411
1227 Otto BLVD, Chicago Heights, IL 60411

$159,000

Est. payment /mo

$159,000

Est.Price: ?

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1227 Otto BLVD Chicago Heights, IL 60411

6 Beds

2 Baths

5,227 Sqft Lot

SOLD DATE : 08/23/2024

Key Details

Sold Price $159,000

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12052723

Sold Date 08/23/24

Bedrooms 6

Year Built 1912

Annual Tax Amount $5,573

Tax Year 2022

Lot Size 5,227 Sqft

Lot Dimensions 5625

Property Sub-Type Two to Four Units

Property Description

Introducing an excellent investment opportunity in Chicago Heights! This well-maintained 2-flat property is ideal for savvy investors looking to add to their portfolio. Each unit features leases expiring in January 2025 and November 2024 respectively, ensuring immediate rental income for the new owner. With a combined monthly rent totaling $2,400, this property offers a steady cash flow from day one. Convenience and reliability are paramount, as tenants enjoy the comfort of their own spaces while contributing to the property's profitability. Additionally, the yearly taxes amount to $5,573, offering a favorable financial outlook for potential buyers. Whether you're a seasoned investor or exploring your first venture into real estate, this property presents an attractive opportunity in a thriving rental market. Don't miss your chance to capitalize on this lucrative investment in Chicago Heights!

Location

State IL

County Cook

Area Chicago Heights

Zoning MULTI

Rooms

Basement None

Interior

Heating Natural Gas, Forced Air

Fireplace N

Building

Building Description Aluminum Siding, No

Sewer Public Sewer

Water Public

Structure Type Aluminum Siding

New Construction false

Schools

School District 170 , 170, 206

Others

Ownership Fee Simple

Special Listing Condition None

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Midwest Real Estate Data (MRED) IDX
Listed by Paul Kempa of  Realty One Group Excel 
Bought with Joseph Guli of Compass

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