122 North Menard Avenue

Chicago, IL 60644

$480,000
Last Sold Price
8
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to this exceptional investment opportunity! Presenting an all-brick 4-flat building that generates an impressive $50,000 in rental income annually. This property is a true gem, boasting four well-maintained 2-bedroom, 1-bathroom units, each designed with a spacious living room/dining room combo, and large eat-in kitchens adorned with elegant white cabinets. Enjoy the ease of ownership with "nothing to do but buy and start cash-flowing day 1!" All four units are rented with leased to section-8...Welcome to this exceptional investment opportunity! Presenting an all-brick 4-flat building that generates an impressive $50,000 in rental income annually. This property is a true gem, boasting four well-maintained 2-bedroom, 1-bathroom units, each designed with a spacious living room/dining room combo, and large eat-in kitchens adorned with elegant white cabinets. Enjoy the ease of ownership with "nothing to do but buy and start cash-flowing day 1!" All four units are rented with leased to section-8 tenants, offering an ideal investment for savvy investors looking for immediate returns. Moreover, this 4-flat offers a unique advantage of separate basements for each unit, providing additional space for tenants' storage needs. This thoughtful feature enhances tenant satisfaction and convenience, setting it apart from other properties in the area. Seize this incredible chance to close the deal and start collecting rent immediately! The property's robust rental income, combined with its turnkey condition, promises a seamless investment journey, whether you're a seasoned investor or entering the real estate market for the first time. This unique opportunity won't last long! Don't miss your chance to own a rock-solid, cash-flowing asset with tremendous potential for long-term growth. Act now and capitalize on this outstanding 4-flat building in a prime location. Reach out today to secure your future and embark on a rewarding investment venture! Tenant Pays Utilities.
  1. Listed by Shaheen Pervaiz • Exit Strategy Realty

Sold By Exit Strategy Realty

Property Details for 122 North Menard Avenue

Area
CHI - Austin
Township
West Chicago
Ownership
Fee Simple
Num Of Parking Spaces
1.0
Num Of Cars
1.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Forced Air
Zoning
MULTI

Location

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LISTING UPDATED: 09/14/2023 02:04 PM

Property Details for 122 North Menard Avenue

StatusClosed
MLS #11834368
Days on Market59
Taxes$2,614 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built1959
Lot Size0.06 AC / 2,793 SF
CountyCook County

Location

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Building Information for 122 North Menard Avenue

Stories-Residences4Year Built1959Building Size-Lot Size0.06 AC / 2,793 SF

Payment Calculator

$2,837 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,620

Property Taxes

$218

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 122 North Menard Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking: Space/s
  • Parking Details: Off Street
  • Parking On Site: true
  • Parking Ownership: Owned
Property Information
Interior Features
  • Num Of Rooms: 20
  • Bedrooms (Below Grade): 0
  • Basement Type: Full
  • Bedrooms Possible: 8
  • Basement Description: Unfinished, Egress Window
  • # Full Baths in Building: 4
  • # Half Baths in Building: 0
  • Num of Baths: 4.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
  • Other Equipment: CO Detectors, Ceiling Fan(s), Multiple Water Heaters
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2021
  • Built Before 1978: Yes
  • Age: 61-70 Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 57X49
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • General Information: Commuter Train,Interstate Access
  • North Coordinate: 122
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 5700
  • 3 Br Un In Bldg: No
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 17
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Unit 1
  • Unit Type Actual Rent: $1,300.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 8/23
Unit 2
  • Unit Type Actual Rent: $1,180.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 7/23
Unit 3
  • Unit Type Actual Rent: $1,146.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 11/23
Unit 4
  • Unit Type Actual Rent: $1,267.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Lease Expiration Date: 07/23

Property History for 122 North Menard Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 122 North Menard Avenue

Taxable ValueLand$3,044Additions$9,955Total$12,999
Tax Record2022$2,674 ($223 / month)
Home Facts
Baths3Total Finished SqFt3,456 SqFtAbove Grade Finished SqFt3,456 SqFtStories2Lot Size3,205 SqFtStyleMulti-Family Res (5+ Units)Year Built1962CountyCOOKAPN16-08-414-033

Schools near 122 North Menard Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - K to 8
Public - 9 to 12
Rating
School
Distance
Ellington Elementary School
PublicPK to 8

Austin College and Career Acad High School
Public9 to 12

Catalyst Circle Rock Elementary School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Exit Strategy Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 09/14/2023 02:04 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.