Multi-Family $ 700,000

6200 S Harlem AVE

Summit, IL 60501

  • 1961 Year Built
Turnkey 6-unit investment opportunity in Summit Argo! This well-maintained multi-family building features five 1BD/1BA units and one spacious 2BD/1BA unit, with 5 of 6 units currently occupied by long-term, month-to-month tenants - no lease headaches, just steady income from day one. The sellers have taken pride in maintaining the building. Investors will love the no-fuss layout - no interior stairwell to maintain - plus an on-site coin laundry room for added convenience and additional income potential. A private rear parking lot adds everyday ease for tenants and long-term appeal for the next owner. One unit is vacant and ready for an owner-occupant or to be leased at market rate immediately. Current rents are all far below market value. A rare chance to step into a stabilized asset with reliable tenants and room to grow. Don't miss it!
Listed by Ewelina Siuta of eXp Realty

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Multi Family 5+

    Listing Status Active

    Purchase Type For Sale

    MLS Listing ID 12621225

    Year Built 1961

    Annual Tax Amount $10,750

    Tax Year 2023

    Lot Dimensions 57x72

    Property Sub-Type Multi Family 5+

  • Location

    State IL

    County Cook

    Area Summit

  • Building

    Dwelling Type Multi Family 5+

  • Interior

    Cooling Wall Sleeve

    Fireplace N

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