124 N MENARD AVE
CHICAGO, IL 60644

$509,000

8 Beds

4 Baths

N/A Sq Ft

Status Active

MLS# 12061071

This investment opportunity presents a well-maintained all-brick 4-flat building generating $60k in annual rental income from Section-8 tenants. Each of the four 2-bedroom, 1-bathroom units includes a separate basement for tenant storage and washer/dryer hookups. With low property taxes and tenants responsible for utilities, the property offers immediate returns and long-term growth potential. It's turnkey, suitable for investors at any experience level. FHA loan potential for owner occupied investor with 3.5% down payment.

Details for 124 N MENARD AVE

2 parking spaces

Natural Gas

14 Days on website

0.07 acres lot

Interior

Bathrooms Total

Bedrooms Total

Building And Construction

Property Sub Type

Multi Family

Property Type

Residential Income

Year Built

1964

Exterior And Lot

Lot Size Acres

0.07

Lot Size Square Feet

3049

Parking Total

Utilities

Heating

Natural Gas

Area And Schools

City

Chicago

Community Features

Street Lights, Street Paved

County Or Parish

Cook

School District

299

Financial Info

Buyer Agency Compensation^*

2%-$399

^*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Tax Annual Amount

$2,673.65

Tax Year

2022