Description
An exceptional turn-key cash flow opportunity awaits at 7408 W 58th St, a fully tenant-occupied, well-maintained 6-unit brick building designed for high-yield portfolio growth. Offering immediate, stabilized income from long-term tenants, this property features a highly desirable unit mix of four spacious 2-bedroom, 1-bathroom units and two efficient 1-bedroom, 1-bathroom units. Capital improvements include a roof replaced roughly six years ago, while value-add amenities like 5 exterior parking spaces, private tenant storage lockers, and an on-site coin-operated laundry facility drive extra passive revenue. Superbly managed and ideally situated near I-55 for effortless commutes into Chicago and surrounding suburbs, this rock-solid investment is a seamless plug-and-play addition to any portfolio.
Details
| MLS # | 12750215 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1966 |
| Days On Site | 23 |
| Listing Provided By | Baird & Warner | Dan Ortiz |
Features
| Story(s) | 2 |
|---|---|
| Units | 6 |
| Zoning | MULTI |
Interior
| Cooling | Window Unit(s) |
|---|
Exterior
| Roof | Composition |
|---|---|
| Foundation Details | Concrete Perimeter |
| Construction Materials | Brick |
Utilities
| Electric | Circuit Breakers, Separate Meters |
|---|
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 14335.2 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Summit |
| Zip Code | 60501 |
| Area | Summit |
| Listing VS Median (in 60501) | |
Price: $799,000 low | high Med: $384,450 On site: 23 low | high Med: 46 | |
Market Activity 60501
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Summit |
| Zip Code | 60501 |
| Area | Summit |
| Listing VS Median (in 60501) | |
Price: $799,000 low | high Med: $384,450 On site: 23 low | high Med: 46 | |
