SUMMIT

Property Info:

ADDRESS: 7227-39 W. 58th St.
UNITS: 48

PRICE: $3,700,000
CITY: Summit, IL 60501
 
COMMENTS: 
This opportunity is located on W 58th Street in Summit. The property consists of (44) 1- Bed / 1- Bath units and (4) 2- Bed / 1- Bath units. There are also 27 surface parking spaces lining the alleyway. The property is close to the Stephenson Expressway with a ~30-minute drive to downtown Chicago and a ~15-minute drive to Midway Airport. Recent capital improvements include new windows, new screen doors, new appliances, new sleeve AC units, 1 new boiler (1 newer boiler), and 2 new hot water tanks. A new owner has the ability to increase NOI by increasing the gross income by raising all units to the market rate.
 
CONTACT AGENT: Edward Liss