The StopulosTeam
Description
Strong cash-flowing opportunity in the heart of Chicago Heights! This well-positioned five-unit building at 1217 Park Ave offers an ideal unit mix with a total of 8 bedrooms and 5 bathrooms, providing excellent rental flexibility and broad tenant appeal. The unit breakdown includes three spacious 2 bedroom, 1 bath units, one 1 bedroom, 1 bath unit, and one studio, 1 bath unit. The diverse layout allows investors to capture multiple rental price points while maintaining steady occupancy. Each unit offers functional floor plans, comfortable living areas, and strong long-term income potential. The property features a private rear parking lot, a valuable amenity for tenants that also lowers maintenance overhead. Located near downtown Chicago Heights with easy access to shopping, dining, public transportation with easy interstate access. Add this income-producing asset to your portfolio and take advantage of continued rental demand in this established south suburban market. This is an as-is sale, buyer responsible for any required village inspection repairs.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Sqft: 3,256
County: Cook
Listed By:
Redfin Corporation
224-699-5002
MRED MLS
MLS ID: 12575053
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1217 Park Avenue, Chicago Heights, IL 60411.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $289,000 | $289,000 | $289,000 |
| Down Payment | $57,800 | $10,115 | $72,250 |
| Monthly Mortgage Amount | $1,349 | $1,656 | $1,757 |
| Taxes | $402 | $402 | $402 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $127 | $0 |
| Monthly Estimated Total | $1,851 | $2,285 | $2,259 |
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