2159 Adams StChicago, IL 60612

For Sale
$1,250,000

Chicago 3-unit apartment building, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 2017-built, three-unit apartment building at 2159 West Adams Street in Chicago's vibrant United Center Park neighborhood presents a compelling investment opportunity. Boasting 4,500 square feet on a 3,300 square foot lot, this property features three condo-quality units, each offering three bedrooms and two bathrooms. Modern kitchens and bathrooms, hardwood floors, and steel decks enhance the appeal. Each unit averages $2,750 in monthly rent, generating a gross annual income of $96,000. The property's design prioritizes minimal landlord expenses, maximizing profitability. On-site parking is available for residents. The building is currently fully occupied, providing immediate cash flow. Located in Cook County, IL, zip code 60612, this property is zoned RM-5. This is a rare chance to acquire a high-performing multifamily asset in a desirable Chicago location. The asking price is $1,250,000.

Highlights

  • All three units are currently occupied, generating immediate cash flow.
  • Gross annual income of $96,000, with average monthly rent of $2,750 per unit.
  • Low landlord expenses maximize profitability.
  • Each of the three units features three bedrooms and two bathrooms.
  • Condo-quality finishes throughout.
  • Units include private steel decks.

Property Details for 2159 Adams St

Property type
Multifamily properties, Apartment buildings
Square Feet
4,500 SF
Year Built
2017
Units
3

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.878386
Longitude
-87.681287
2159 Adams St, Chicago, Illinois

FAQs

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2159 Adams St
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