1123 Grant Avenue, Chicago Heights, IL


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About 1123 Grant Avenue

Rents have increased to provide a buyer with a 10.3% CAP Rate on this ideal investment opportunity. This meticulously maintained, 3-unit apartment building is fully occupied, with 2 long-term tenants, and bringing in over $20K per year in NOI. The two 1st floor units feature spacious living rooms and hardwood floors throughout living room and both bedrooms; units offer a large eat-in kitchen with ceramic tile floors. The 2nd floor unit has private entrance, large living room and extra large bedroom with eat in kitchen and newer carpeting. Property has central heat and A/C. Both A/C units are approx. 10 years old and function as intended. Tenants pay their own electric and gas - all separately metered. Sale includes 3 refrigerators, 3 stoves and washer/dryer. PROPERTY IS NOT APPROVED FOR FHA FINANCING -- ONLY CASH OR CONVENTIONAL FINANCING. Property is in great condition, but will be sold "AS-IS". Property has already passed village inspection. Previous deals fell through due to buyers financing.

Features of 1123 Grant Avenue

MLS® # 11703236
Price $215,000
Units 3
Bedrooms 5
Bathrooms 3.00
Acres 0.07
Year Built 1949
Type Residential Income
Sub-Type Two to Four Units
Style Bungalow
Status Active
Multi-Family No

Community Information

Address 1123 Grant Avenue
Area Chicago Heights
City Chicago Heights
County Cook
State IL
Zip Code 60411


Heating Natural Gas, Forced Air
Fireplace No
Has Basement Yes
Basement Full


Exterior Brick
Roof Asphalt

School Information

District 206
Elementary Roosevelt Elementary School
Middle Chicago Heights Middle School
High Bloom High School

Additional Information

Days on Market 317
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeBHHS Chicago

Listing Map

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