4015 Wilcox StChicago, IL 60624

Property Details for 4015 Wilcox St

Year built

2008

Lot size

0.25 AC

Property type

Apartment buildings

Description

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.

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8787

Longitude

-87.7263

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