4202 South Western Avenue

Chicago, IL 60609

$400,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Check out this solid brick building in the busy South Western Avenue area of Chicago. It's a great investment with a shop on the ground floor that catches lots of foot traffic. There's also a cozy studio apartment that's been updated for comfort. Upstairs, you'll find Single Room Occupancy (SRO) units that are all set according to city rules, making it a safe bet for you and a reliable place for tenants. These SRO units are almost full, bringing in $2,405 a month. Plus, the studio and the shop each...Check out this solid brick building in the busy South Western Avenue area of Chicago. It's a great investment with a shop on the ground floor that catches lots of foot traffic. There's also a cozy studio apartment that's been updated for comfort. Upstairs, you'll find Single Room Occupancy (SRO) units that are all set according to city rules, making it a safe bet for you and a reliable place for tenants. These SRO units are almost full, bringing in $2,405 a month. Plus, the studio and the shop each add $900 a month to your earnings. ($4205/m Total) This property is in a neighborhood that's getting more valuable, so it's not just a buy; it's a smart move for growing your investment. With a strong income stream, it stands out as a great choice for anyone looking to invest in a growing area. Come see why this property could be a key part of your investment future. Book your visit today!
  1. Listed by Richard Harnik • First Midwest Realty LLC
  2. Listed by Noe Cervantes • First Midwest Realty LLC

Property Details for 4202 South Western Avenue

Area
CHI - Brighton Park
Township
South Chicago

Location

Listing Courtesy of First Midwest Realty LLC
Add your commute
LISTING UPDATED: 04/03/2024 12:06 AM

Property Details for 4202 South Western Avenue

StatusActive
MLS #12013790
Days on Market48
Taxes$3,238 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1918
Lot Size0.07 AC / 2,921 SF
CountyCook County

Location

Listing Courtesy of First Midwest Realty LLC
Add your commute

Building Information for 4202 South Western Avenue

Stories-Residences3Year Built1918Lot Size0.07 AC / 2,921 SF

Payment Calculator

$2,453 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,183

Property Taxes

$270

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4202 South Western Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces
  • Open Parking Spaces: 0.0
Location and General Information
  • Geographic Locale: Chicago South
  • Information: None
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: None
  • Electric: Circuit Breakers, Service - 101 to 200 Amps
  • Heat/Ventilation: Gas
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 2
Property/Lot Information
  • Tenant Pays: Other
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 25X125
  • Lot Size Square Feet: 2921.0
  • Stories: 2
  • Fire Protection: Alarm On Site,Fire Extinguisher/s,Carbon Monoxide Detector(s)
  • # Of Offices: 0
  • # Of Stores: 1
  • Property Sub Type: Apts/Stores
  • MRD_UNC: No
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 16
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
Income & Expenses
  • Electric Expense: $1,800.00
  • Fuel Expense: $2,400.00
  • Gross Income: $47,200.00
  • Gross Scheduled Income: $47,200.00
  • Insurance Expense: $2,400.00
  • Total Monthly Income: 3960
  • Net Operating Income: $34,072.00
  • Operating Expense: $13,072.00
  • Other Expense: $300.00
  • Trash Expense: $1,200.00
  • Water Sewer Expense: $1,200.00

Property History for 4202 South Western 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 4202 South Western Avenue

Taxable ValueLand$2,921Additions$11,128Total$14,049
Tax Record2022$2,890 ($241 / month)
Home Facts
Baths3.5Total Finished SqFt2,080 SqFtAbove Grade Finished SqFt2,080 SqFtStories2Lot Size2,921 SqFtStyleMulti-Family Res (5+ Units)Year Built1916CountyCOOKAPN19-01-223-027

Schools near 4202 South Western Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Shields Elementary School
PublicPK to 4

Shields Middle School
Public5 to 8

Thomas Kelly College Preparatory
Public9 to 12

Acero Chtr-Brighton Park Campus
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.

Neighborhood Map and Transit

Similar Homes

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4202 South Western Avenue is a mixed use property for sale in Chicago, IL 60609. This property was listed for sale on March 26, 2024 by First Midwest Realty LLC, it's currently listed at $400,000. It has been on the market for a total of 48 days and was last sold on April 16, 2013. This listing's school district is City Of Chicago School District 299. Nearby schools include Shields Elementary School, Shields Middle School and Thomas Kelly College Preparatory. 4202 South Western Avenue is a 0-bed, 0-bath, mixed use property built in 1918.

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 First Midwest Realty LLC

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.