4807 Central AveChicago, IL 60638

This exceptional 12-unit multifamily property located at 4807 S Central Avenue in Chicago, Illinois, presents a compelling investment opportunity. The building comprises ten one-bedroom units and two studio units, offering a diverse mix of rental options. Currently, one-bedroom units command a monthly rent of $850, while studios rent for $700 per month. Significant upside potential exists, as market analysis suggests rental rates could be substantially increased. The building features some newer windows, contributing to improved energy efficiency and reduced maintenance costs. The roof, installed approximately 10 years ago, is in good condition, minimizing immediate capital expenditure needs. This property is situated in a dynamic Chicago neighborhood, offering convenient access to local amenities and transportation. The strong tenant base and potential for rental growth make this a highly attractive investment for both seasoned and emerging real estate investors seeking a stable and appreciating asset. The property's solid foundation and promising rental income stream position it for long-term success. This is a rare opportunity to acquire a well-maintained multifamily building with considerable upside potential in a desirable Chicago location. The property is offered at $650,000. Serious inquiries are encouraged.