About The Property

Excellent 4-unit investment opportunity with immediate income and value-add potential! This well-maintained multifamily property features two 3-bedroom units and two 2-bedroom units, providing a desirable mix of rental options. Three units were renovated in 2021, while the remaining unit offers an opportunity for renovation and potential rent growth. Each unit has its own furnace, and three units are currently occupied, providing established rental income. The fourth unit is vacant and ready to lease or occupy. Ideal for investors seeking cash flow and future upside, or owner-occupants looking to live in one unit while generating rental income from the other three. A versatile opportunity with multiple paths to maximize its potential.
Courtesy of RE/MAX LOYALTY [email protected]
Listing Snapshot
Days Online
20
Last Updated
Property Type
Two To Four Units
Beds
9
Year Built
1893
MLS Number
12730593
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Additional Details

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Basement
Unfinished, Full
Building
Construction Materials: Vinyl Siding, Built in 1893, Rebuilt: No
Heating
None
Lot
Dimensions: 25X125
Parking
Parking Total: 2, Off Alley, Alley Access, Yes, Owned
Property
Zoning: MULTI
Sewer
Public Sewer
Utilities
Water Source: Lake Michigan
Taxes
Annual Taxes: $3,898, Year: 2024, Exemptions: None
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30 Days Snapshot Of 60617
$243k
+18%
(avg) sold price
20
-31%
homes sold
62
+129%
(avg) days on market
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Monthly Payment
$0

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