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2858 W 38th Place Chicago, IL 60632 Multi Unit - Multiple New

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  • 2858 W 38th Place, Chicago, IL 60632 Main Photo

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Description

Buy. Rent. Sell. Retire. Many have done it-and this is a great place to do the same! Opportunity awaits in the booming Brighton Park neighborhood with this corner 4-unit investment property featuring a two-story front building with two units and a 1.5-story coach house in the rear with two additional units. Conveniently located near the expressway for an easy downtown commute, as well as shopping and restaurants, the location makes this property highly desirable for tenants. Whether you're looking to live in one unit while renting the others or add a solid investment to your portfolio, this property offers tremendous potential. Two units are currently vacant, while the remaining two are occupied with below-market rents, providing excellent upside for future income. This long-term owner estate sale presents a rare opportunity to acquire a well-located multi-unit property. It can be purchased separately or as part of a package with the two neighboring buildings at 2856 W. 38th Place and 2854 W. 38th Place. Easy to see and ready for its next owner-schedule your viewing today!

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 10
Bathrooms: 4
County: Cook
Listed By:
RE/MAX 10 in the Park 708-923-0900
MRED MLS
$440,000
Est. $2,936/mo
10beds
4baths
New to the Market New
BEDS10 BATHS4 full MLS#12712285
STATUSNew PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 299

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2858 W 38th Place, Chicago, IL 60632.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $440,000$440,000$440,000
Down Payment $88,000$15,400$110,000
Monthly Mortgage Amount $2,196$2,660$2,740
Taxes $612$612$612
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$194$0
Monthly Estimated Total $2,936$3,594$3,480

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