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James DeMarco

Owner/Broker

  • Cell 312-888-6440
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2657 West Luther Street, Chicago, IL – $825,000

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2657 West Luther Street

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 $6,000, but pre-Covod it was a $6,500. In the next leasing cycle will be easy to raise rents. Can come with professional management that handle everything. Also easy to self manage. Very low maintenance investment property. Will not last long!

Essential Information

  • MLS® #11064056
  • Price$825,000
  • Bedrooms8
  • Bathrooms6.00
  • Acres0.00
  • Year Built1899
  • TypeResidential Income
  • Sub-TypeTwo to Four Units
  • StyleOther
  • StatusContingent

Community Information

  • Address2657 West Luther Street
  • AreaCHI - South Lawndale
  • CityChicago
  • CountyCook
  • StateIL
  • Zip Code60608

Amenities

  • Parking TypeGarage
  • # of Garages2
  • Is WaterfrontYes

Interior

  • HeatingNone
  • Has BasementYes
  • BasementNone

Exterior

  • ExteriorBrick
  • FoundationBrick/Mortar

School Information

  • District299

Additional Information

  • Days on Website389
  • ZoningMULTI
  • Taxes$4,416

Listing Details

  • OfficeMain Street Real Estate Group
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Listing information last updated on May 17th, 2022 at 3:52am CDT.