For Sale
$389,000

9985 South Beverly BoulevardChicago, IL 60643

Chicago Beverly neighborhood multifamily with upside

Overview

Added:
Jan 17
Days on market:
82
This exceptional four-unit building, located at 9985 South Beverly Boulevard in Chicago's desirable Beverly neighborhood, presents a compelling investment opportunity. The property comprises two 2-bedroom, 1-bathroom residential units and two retail spaces. Recent capital improvements include the installation of individual furnaces and water heaters in each unit, enhancing efficiency and reducing maintenance concerns. A detached garage offers additional income potential. Currently, three of the four units are vacant, providing a new owner with immediate potential to increase net operating income by stabilizing rents to market levels. The property sits on a 0.1377 acre lot within a prestigious neighborhood predominantly featuring single-family homes. This presents a unique chance to acquire a well-located asset with significant upside potential. The building's 6,000 square foot size and its mix of residential and retail units offer flexibility and diverse income streams. The vacant units provide an immediate opportunity to implement a value-add strategy and increase profitability. The strategic location in the heart of Beverly offers strong potential for rental income growth and long-term appreciation. This is an ideal investment for those seeking a property with immediate upside and a strong potential for future returns.

Highlights

  • Four-unit building in Chicago's desirable Beverly neighborhood.
  • Two retail spaces and two 2-bedroom, 1-bathroom units available.
  • Features a detached garage and individual furnaces/water heaters.

Property Details for 9985 South Beverly Boulevard

Property type
Residential income homes, Residential income properties
Square Feet
6,000 SF
Price / Square Foot
$64.83
Buildings
1
Stories
2
Elevators
N/A
Lot Size (sq. ft)
6,000 SF
Units
4

Location Insight

City
Chicago
County
State
Illinois

FAQs

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9985 South Beverly Boulevard
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