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7408 W 58th Street Summit, IL 60501 • Multi Unit - Multiple • New

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Description

An exceptional turn-key cash flow opportunity awaits at 7408 W 58th St, a fully tenant-occupied, well-maintained 6-unit brick building designed for high-yield portfolio growth. Offering immediate, stabilized income from long-term tenants, this property features a highly desirable unit mix of four spacious 2-bedroom, 1-bathroom units and two efficient 1-bedroom, 1-bathroom units. Capital improvements include a roof replaced roughly six years ago, while value-add amenities like 5 exterior parking spaces, private tenant storage lockers, and an on-site coin-operated laundry facility drive extra passive revenue. Superbly managed and ideally situated near I-55 for effortless commutes into Chicago and surrounding suburbs, this rock-solid investment is a seamless plug-and-play addition to any portfolio.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

County: Cook
Listed By:
Baird & Warner 708-491-4155
MRED MLS
$799,000
Est. $5,385/mo
New to the Market New
BEDS0 BATHS MLS#12750215
STATUSNew PROPERTY TYPEMulti Unit - Multiple
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Shown By

Jolean Overton-Austin
 (563) 676-6363

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7408 W 58th Street , Summit, IL 60501.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $799,000$799,000$799,000
Down Payment $159,800$27,965$199,750
Monthly Mortgage Amount $4,040$4,959$5,016
Taxes $1112$1112$1112
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$352$0
Monthly Estimated Total $5,385$6,656$6,361

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