Property for Sale: 9211 S Laflin, Chicago, IL 60620

$1,299,000
$1,299,000
9211 S Laflin, Chicago, IL 60620
$1,299,000
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Price:
$1,299,000
$126,000 - 06/28/2024

Type Commercial
Year Built 1931

City Chicago
County Cook

MLS 11987588
Status Active Under Contract
Discover the perfect investment with this 15-unit brick property, currently bringing in 16,305/month in rents. This property features a desirable mix of two-bedroom, one-bedroom, and studio apartments, plus an adjacent parking lot for tenant use. Located on a desirable block, this property boasts spacious living spaces that cater to a wide range of tenants. Meticulously maintained, it demonstrates the owners' commitment to quality, with a gas forced air system for efficient heating and separate utilities to minimize landlord expenses. Situated in a safe, quiet area just 20 minutes from the loop, tenants enjoy proximity to amenities, including shopping, dining, parks, and public transport. Offering a mix of rehabbed, updated, and vintage units, this property presents a significant value-add opportunity through potential rent increases, further renovations, and additional income streams like paid parking. An exceptional chance for both seasoned investors and newcomers, this property promises stability and significant growth potential. May be purchased as a portfolio with 6221-6235 W Wabansia, Chicago, MLS#11984243.

Room Features

Basement Description None

Lot & Building Features

Construction Brick
Cooling None
Tax Year 2022
Lot Dimensions 90X125 ft

Price History of 9211 Laflin, Chicago, IL

Date Name Price Difference
06/28/2024 Price Adjustment $1,299,000 8.84%
12/31/1969 Listing Price $1,425,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Richard Schultz
Direct: 708-237-7779
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by Landmark Property Management, Inc., Jason Marcordes
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6.75%
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9211 Laflin (MLS #11987588) is a commercial listing located in Chicago, IL. This property was listed on 10/01/2024 and has been priced for sale at $1,299,000.

Nearby zip codes are 60628, 60637, 60638, 60643 and 60805. This property neighbors other cities such as Calumet Park and Evergreen Park.

Midwest Real Estate Data

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: Landmark Property Management, Inc.