Courtesy: Kale Realty
312-939-5253
TURNKEY CASH-FLOW MACHINE: INVESTOR OR OWNER-OCCUPANT DREAM IN PRIME SUMMIT! Stop fighting heavy renovation costs and add an immediate, stabilized performer to your portfolio. Units are occupied with steady tenants on active leases generating day-one cash flow. One unit can be delivered VACANT at the end of June. This is a massive advantage: perfect for an owner-occupant looking to "house hack" (live in one, let the others tenant cover the mortgage), or for an investor ready to instantly place a new tenant at top-of-market rent to maximize the Cap Rate. Coin-operated Washer and Dryer for extra income. Solid, low-maintenance brick structure situated in a high-demand rental market. Excellent location with unbeatable access to I-55, public transit, and major employment hubs. The property is being sold strictly "AS-IS." DO NOT DISTURB THE TENANTS to respect their privacy. ONLY PRE-APPROVED BUYERS PER SELLER, THEN SHOWINGS WILL BE SCHEDULED. This is a HOT rental area and rents can easily be pushed higher. Drive by the exterior, run the numbers, and submit your best offer. (Note: Broker Owned - Listing Agent).
Courtesy: Professional Brokers Realty
708-633-6333
Income producing 4-unit of solid brick construction. Vinyl plank flooring throughout. New security doors to the exterior. Room to place a coin laundry for additional income. Front 2nd floor unit has an expanded layout allowing for a 3rd bedroom. Property being offered as is, but well-maintained building. Stable tenants.
Courtesy: Certified Realty Group LLC
312-493-6181
Meticulously maintained brick & frame 3-unit building in a quiet neighborhood in Summit, Illinois! Excellent investment opportunity with strong cash flow potential or perfect for owner-occupants. Currently generating $4,031/month (potential of ~ $5,000/mo. due to current below market rents). Current GRM of 8.65. This spacious ~3,300 sq ft multifamily property sits on an oversized 45x125 lot with side yard. The property features a bottom floor having a large 4 bed / 2 bath owner's unit, upstairs units are a 2 bed / 1 bath unit and a 1 bed / 1 bath unit. Recent updates include: Unit 2F fully remodeled (2022), Unit 1 updated (~2017), Unit 2R features new quartz countertop & ducted range hood. Separate circuit breaker panels and gas meters for each unit. One furnace serves the building. Additional highlights include a detached 4-car garage with artist studio (rented out for storage), full basement with Coin Washer & Dryer, and strong rental appeal. Conveniently located near major highways, with a large community park at the end of the block, offering both accessibility and neighborhood charm. PROOF OF FUNDS REQUIRED PRIOR TO SHOWINGS. Broker Owned Interest.
Summit is located in Illinois. Summit, Illinois has a population of 11,098. Summit is more family-centric than the surrounding county with 34.55% of the households containing married families with children. The county average for households married with children is 29.73%.
The median household income in Summit, Illinois is $48,929. The median household income for the surrounding county is $72,121 compared to the national median of $69,021. The median age of people living in Summit is 34.5 years.
The average high temperature in July is 84.1 degrees, with an average low temperature in January of 19.6 degrees. The average rainfall is approximately 39.1 inches per year, with 31.9 inches of snow per year.
