109 Chicago AveMcAllen, TX 78501

For Sale
$199,500
Four-unit apartment building, renovated

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional investment opportunity presents a renovated four-unit apartment building situated on a private street in McAllen, Texas. The property boasts a charming 3-bedroom, 2-bathroom home at the front and a rear building featuring one studio apartment and two one-bedroom units, each with a full bath and kitchenette, and independent entrances. Recent upgrades include a new roof, updated lighting, new water heaters, flooring, toilets, select plumbing lines, and modern window AC units and mini-splits. New cabinetry and fixtures enhance the property's appeal. The 1,762 square foot property sits on a 6,520.93 square foot lot and includes two buildings constructed in 1968. The property features a nice green common area patio with citrus trees and a private fence, along with two carports and additional parking for a third vehicle. Conveniently located off 2nd Street, it offers easy access to jogging trails, public transportation (Bus 83), and nearby amenities such as a Dollar Store and HEB. The property has one water meter and one electric meter. The zoning is RS. The seller possesses current and updated city permits for the remodeling work. Currently vacant for easy showing. This property offers multiple uses, from leasing as efficiencies to utilizing the front house as a primary residence and the rear building as a guest house, game room, or storage.

Highlights

  • $199,500 asking price.
  • Multifamily property with four units.
  • 1,762 square feet on a 6,520 square foot lot.
  • Two buildings built in 1968.
  • Located at 109 Chicago Avenue, McAllen, TX 78501.

Property Details for 109 Chicago Ave

Property type
Apartment buildings, Small apartment buildings
Square Feet
1,762 SF
Year Built
1968
Buildings
2
Units
4

Location Insight

City
McAllen
County
Hidalgo
State
Texas
Latitude
26.198701
Longitude
-98.2205434
109 Chicago Ave, McAllen, Texas

FAQs

What type of property is this?
Apartment building - Four-unit apartment building, renovated
Where is the apartment building located?
The property is located at 109 Chicago Ave McAllen, TX.
What is the asking price?
The asking price for this property is $199,500.
What are key features of this property?
This property features: $199,500 asking price.; Multifamily property with four units.; 1,762 square feet on a 6,520 square foot lot.
How can I contact the broker?
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109 Chicago Ave
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