124 N Menard Avenue, Chicago, IL 60644 - Photo 1

1/1

$495,000

Sold
Closed
Multi-Family
8 Total Beds

1/1

Property Description

This investment opportunity presents a well-maintained all-brick 4-flat building generating $60k in annual rental income from Section-8 tenants. Each of the four 2-bedroom, 1-bathroom units includes a separate basement for tenant storage and washer/dryer hookups. With low property taxes and tenants responsible for utilities, the property offers immediate returns and long-term growth potential. It's turnkey, suitable for investors at any experience level. FHA loan potential for owner occupied investor with 3.5% down payment.

Full Property Details

Full Property Details for 124 N Menard Ave

General

Sold For: $495,000
Taxes: $2,673 (2022)
Status: Closed
Type: Multi-Family
Source: MRED
MLS ID: 12061071
Added to Site: 215 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 4
Bathroom Features: Soaking Tub

Bedrooms

Total Bedrooms: 8

Additional Information

Other Features: Commuter Bus, Commuter Train, Interstate Access

Parking

Total Spaces: 2
Parking Type: Space(s)
Parking On-Site: Yes

Location

Area: CHI - Austin
County: Cook
Driving Directions: N Menard Ave between W Washington Blvd and W West End Ave

School Information

School District: 299
Midd School District: 299

Heating & Cooling

Heating Type: Natural Gas

Utilities

Water: Lake Michigan

Structural Information

Exterior Const.: Brick
Basement Desc.: Full
Year Built: 1964
Built Before 1978: Yes
Remodeled/Updated: 2011

Unit Information

Units in Building: 4

Lot Features

Lot Size (Acres): 0.07
Lot Size Range: Less than .25 Acre
Lot Dimensions: 3205

Financial Considerations

Assessment Year: 1964
Tax Amount: $2,673.65
Tax Year: 2022

Disclosures and Reports

Ownership: Fee Simple
Property ID: 16084140360000

Listed by Exit Strategy Realty
Sold by Dream Town Real Estate

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— 124 N Menard Ave —

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Schools

Schools serving 124 N Menard Ave

School District:Chicago Public Schools

Rating	Name	Grades	Distance
	Ellington Elementary School 243 N Parkside Ave, Chicago, IL 60644	PK-8	0.3 mi
	Austin College and Career Academy High School 231 N Pine Ave, Chicago, IL 60644	9-12	0.4 mi

Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 124 N Menard Ave

Date

Details

Price

Change

Source

10/25/2024

Sold

$495,000

-0.8%

MLS

6/13/2024

Price Reduced

$499,000

-1.96%

MLS

5/20/2024

Listed

$509,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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124 N Menard Avenue, Chicago, IL 60644 (MLS# 12061071) is a Multi-Family property that was sold at $495,000 on October 25, 2024. Want to learn more about 124 N Menard Avenue? Do you have questions about finding other Multi-Family real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.

124 N Menard Ave Chicago, IL 60644