Large brick 4 unit building, very unique, all four units are 3 bedroom, 2 bathroom with a full basement with owners office. Large kitchen/dining areas, large bedrooms, beautiful hardwood floors, great homewood schools, very low expenses, tenants pay GAS and electric for their apartment. Newer roof and windows, furnaces, central ac units, easy to rent, current rents are low. Very rare solid brick building, there are only a couple of 3 bedroom, 2 bath 4 unit apartment buildings in the south an southwest suburbs. Only cash and conventional loans. Current income is $75,000/year, but at $1800/mo, current market rents, the income will be $88,000 or higher! Make any offers subject to current contract cancelling.
Features
12 bedrooms
directions_car4 carspaces
cottageMulti-Family
Property history for 955 Elder Road
2022
Sold
$400,000
06 Apr 2022
2014
Sold
$325,000
30 Oct 2014 by Richard Peretz, of HF Realty
Happy sellers in Homewood
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Local market activity for 12 bedroom multi families in Homewood
Sold
For Sale
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