Come explore this unique multi-family 8 unit opportunity in the Portage Park neighborhood of Chicago. Two brick buildings (with full unfinished basements) each having four units on one lot and one PIN. There are four 1-bedroom units and four 2-bedroom units and the building is fully rented and collecting high rents. The units are large and feature hardwood floors. High income producing property with room to raise rents and low expenses equate to a good investment in a quickly appreciating neighborhood. See attached offering memorandum for financial information and photos.
This listing 4901 West Patterson Avenue Chicago, Il 60641
is a multi family 5+ listing
on a lot of 5,227 sqft (or 0.12 acres). 4901 West Patterson Avenue was built in 1911. 4901 West Patterson Avenue is located in Chicago and in ZIP Code 60641.
It has been listed on our site since 11/9/18.
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Portage Park is a far north Chicago community that is both family-friendly and has access to public transportation for commuting to other Chicago areas. Click here to read more.
*Private mortgage insurance is an insurance policy that a residential mortgage lender requires of the borrower if the loan-to-value (LTV) ratio of the home is greater than 80%. Mortgage insurance protects the lender from the risk that the borrower may default on the loan. Federal law requires lenders to notify borrowers when the loan-to-value ratio drops below 80%. Mortgage insurance premiums vary, but generally range from $1,000 to $5,000 a year for an average priced home.
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