For Sale
$548,800

4015 Wilcox St Chicago, IL 60624

4-Unit Building, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional 4-unit apartment building in Chicago's desirable 60624 zip code presents a compelling investment opportunity. Built in 2008 and meticulously maintained, this Class B property boasts a strong 10% cap rate and is currently fully rented, generating immediate income. The building features three spacious 3-bedroom, 2-bathroom units, each with a primary suite, walk-in closet, and the potential for in-unit laundry. The basement unit, remodeled in 2022, offers a flexible layout adaptable to a 2 or 3-bedroom, 1-bathroom configuration, also with in-unit laundry potential. Recent upgrades include three new HVAC systems (2023), three new hot water tanks, and numerous stainless steel appliances. Luxury vinyl flooring graces the bedrooms, while hardwood floors enhance the living areas. The top-floor unit showcases vaulted ceilings. The property includes a gated front and back parking area with three parking spaces and expansive metal porches in the rear. All units have separate utilities, with the owner responsible only for water and common electricity. Constructed of brick, block, and steel, this turnkey investment is conveniently located near I-290, offering easy access to major transportation routes. The lot size ranges from 0.25 to 0.49 acres. This property is an ideal house hacking opportunity or a strong addition to any investment portfolio. Don't miss this chance to acquire a high-performing, well-maintained multifamily property in a prime Chicago location.

Highlights

  • Brick, block, and steel construction.
  • Fully occupied.
  • Each unit has its own utilities.
  • Three units feature three bedrooms, two baths, and primary suites.
  • Large metal porch.
  • Gated entry.

Property Details for 4015 Wilcox St

Property type
Apartment buildings
Class
B
Year Built
2008
Lot Size (sq. ft)
10,890 SF
Units
4

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.8786668
Longitude
-87.7263235

FAQs

What type of property is this?
Apartment building - 4-Unit Building, High Cap Rate
Where is the apartment building located?
The property is located at 4015 Wilcox St Chicago, IL.
What is the asking price?
The asking price for this property is $548,800.
What are key features of this property?
This property features: Brick, block, and steel construction.; Fully occupied.; Each unit has its own utilities.
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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4015 Wilcox St
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