Residential Income for Sale: 1227 Otto, Chicago Heights, IL 60411 SOLD
6 beds
$159,000
$159,000
1227 Otto,
Chicago Heights, IL 60411 SOLD
6 beds
$159,000
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Selling Price: $159,000
Original List Price: $169,000
Sold at 94.1% of list price
Sold Date: 08/23/2024
Type Residential Income
Beds 6
Lot Size 0.12 acres
Year Built 1912
City Chicago Heights
County Cook
School District 206
MLS 12052723
Status Closed
Introducing an excellent investment opportunity in Chicago Heights! This well-maintained 2-flat property is ideal for savvy investors looking to add to their portfolio. Each unit features leases expiring in January 2025 and November 2024 respectively, ensuring immediate rental income for the new owner. With a combined monthly rent totaling $2,400, this property offers a steady cash flow from day one. Convenience and reliability are paramount, as tenants enjoy the comfort of their own spaces while contributing to the property's profitability. Additionally, the yearly taxes amount to $5,573, offering a favorable financial outlook for potential buyers. Whether you're a seasoned investor or exploring your first venture into real estate, this property presents an attractive opportunity in a thriving rental market. Don't miss your chance to capitalize on this lucrative investment in Chicago Heights!
Room Features
Basement Description None
Lot & Building Features
Heating Forced Air, Natural Gas
Parking Description Space/s
Sewer Public Sewer
Tax Year 2022
Water Public
Lot Dimensions 5625 ft
Price History of 1227 Otto, Chicago Heights, IL
| Date | Name | Price | Difference |
|---|---|---|---|
| 07/15/2024 | Price Adjustment | $159,000 | 5.92% |
| 12/31/1969 | Listing Price | $169,000 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
Listed by Realty One Group Excel, Paul Kempa & Gianni Nieto
Sold by Compass, Joseph Guli
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 Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information courtesy of: Realty One Group Excel |