For Sale
$389,000

9985 Beverly Blvd Chicago, IL 60643

4-Unit Building, Beverly Neighborhood

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional four-unit apartment building, located at 9985 South Beverly Blvd in Chicago's desirable Beverly neighborhood, presents a compelling investment opportunity. The property boasts 6,000 square feet and comprises two 2-bedroom/1-bathroom residential units and two retail spaces. Each unit features its own furnace and water heater, ensuring independent climate control and reduced maintenance complexities. Currently, one retail unit is occupied, while the remaining three units are vacant, offering immediate potential for increased rental income. Recent capital improvements have enhanced the property's value and functionality. A detached garage provides additional income potential. Situated amongst single-family homes in a prestigious area, this property benefits from a strong location and high demand. The vacant units allow a new owner to immediately implement a rental strategy to maximize returns by stabilizing rents at market rates. This presents a unique chance to acquire an asset with significant upside potential in a highly sought-after Chicago neighborhood. The asking price is $389,000. This is a turnkey opportunity for an investor seeking immediate value appreciation and strong cash flow.

Highlights

  • $389,000 asking price for a four-unit multifamily building.
  • 6,000 square feet.
  • Two retail units and two 2-bedroom/1-bathroom residential units.
  • Individual HVAC systems for each unit.
  • One retail unit occupied; three units vacant.

Property Details for 9985 Beverly Blvd

Property type
Apartment buildings
Square Feet
6,000 SF
Units
4

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.7117184
Longitude
-87.6581074

FAQs

What type of property is this?
Apartment building - 4-Unit Building, Beverly Neighborhood
Where is the apartment building located?
The property is located at 9985 Beverly Blvd Chicago, IL.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: $389,000 asking price for a four-unit multifamily building.; 6,000 square feet.; Two retail units and two 2-bedroom/1-bathroom residential units.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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9985 Beverly Blvd
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