SOLD
$825,000
Date 01/27/2023

2657 W Luther Street
Chicago, IL 60608

Multi-Family
Residential
8
Beds
6
Baths
N/A
Acre Lot
Courtesy: Main Street Real Estate Group

Description for 2657 W Luther Street Chicago, IL 60608

CB Today> Illinois> Chicago> 60608
Newly renovated, fully occupied and cash flowing 4 unit brick building on a 50 ft corner lot. The units feature modern European style cabinets with quartz countertops and a full stainless Package. Every unit has restored hardwood floor, brand new modern baths, and in-unit washer dryers. Tenants pay all electric and gas utilities. Location in "West Pilsen" which is a designated QEV Zone (Investors pay no capital gains tax if they hold for 7+ years). Monthly rent at $6,285, significantly under todays market rents. Can sell with Property Management in place. Also easy to self manage. Very low maintenance investment property. Will not last long! Preapproved for Portfolio Loan with Federal Savings Bank, 15% down for Investors, 3 year arm at 5.95%.

Property Details

11663107
Residential - Multi-Family, Other
8
6
1899
Cook
Lake Michigan
Brick
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: Main Street Real Estate Group
Listings courtesy of MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 4/18/2024. 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.

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