Ryan Simpson
- Buy
- Sell
https://www.ruhlmortgage.com/LawrenceDavis.html
Description
Well-maintained brick 2-unit building located on a quiet, tree-lined street, offering strong investment potential with stable tenants already in place. The property features a spacious 4-bedroom, 1-bath unit on the second floor and a 3-bedroom, 1-bath unit on the first floor. Both units are currently leased through December 2026, providing immediate and consistent rental income. Current rents total $2,625 per month and are considered below market, presenting upside potential for future increases. The building was last rehabbed in 2016 and has been well cared for since. Additional features include a full unfinished basement with expansion or storage potential, a 2-car garage, and solid overall maintenance throughout the property. Roof was replaced in 2022. Conveniently located near transportation, schools, parks, and neighborhood amenities, this is an excellent opportunity for both seasoned and first-time investors seeking a stable income-producing property.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 7
Bathrooms: 2
County: Cook
Listed By:
PIP Realty Group
773-233-2301
MRED MLS
MLS ID: 12640931
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8025 S Ada Street , Chicago, IL 60620.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $299,900 | $299,900 | $299,900 |
| Down Payment | $59,980 | $10,497 | $74,975 |
| Monthly Mortgage Amount | $1,458 | $1,789 | $1,853 |
| Taxes | $417 | $417 | $417 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $132 | $0 |
| Monthly Estimated Total | $1,975 | $2,438 | $2,370 |
Ryan Simpson
REALTOR®
Cell: (563) 639-4426
Licensed in IL
Moline Office
1701 52nd Avenue
Moline, IL 61265
(309) 743-8000
Moline, IL 61265
(309) 743-8000
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