Damien Rexroat
- Buy
- Sell
https://www.ruhlmortgage.com/GregCotton.html
Description
Excellent opportunity to acquire a stabilized 8-unit multifamily property in the rapidly evolving Washington Park neighborhood. The building features a desirable unit mix of six spacious 3-bedroom units and two garden-level units, offering strong rental demand and long-term investment potential. Large unit layouts appeal to families and long-term tenants, helping support occupancy and tenant retention. Ideally located near Washington Park, public transportation, major expressways, the Green Line, and the newly opened Obama Presidential Center, the property is positioned to benefit from continued investment and redevelopment throughout the surrounding area. Whether you're expanding your portfolio or seeking a well-maintained multifamily asset in one of Chicago's emerging growth corridors, this building offers an attractive combination of stability, location, and future upside.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Sqft: 9,450
County: Cook
Listed By:
Realty of America, LLC
708-788-1900
MRED MLS
MLS ID: 12689305
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5849 S Michigan Avenue, Chicago, IL 60637.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $899,000 | $899,000 | $899,000 |
| Down Payment | $179,800 | $31,465 | $224,750 |
| Monthly Mortgage Amount | $4,370 | $5,363 | $5,554 |
| Taxes | $1251 | $1251 | $1251 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $539 | $0 |
| Monthly Estimated Total | $5,883 | $7,415 | $7,067 |
Damien Rexroat
REALTOR®
ABR, MRP
Cell: (563) 340-6129
Licensed in IA
Davenport Office
4545 Welcome Way
Davenport, IA 52806
(563) 441-5100
Davenport, IA 52806
(563) 441-5100
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