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Image 1 - 124 N Menard Ave, Chicago, Illinois, 60644 - House for sale
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Home For Sale In Chicago, Illinois
124 N Menard Ave, Chicago, Illinois, 60644

Home For Sale In Chicago, Illinois

house for sale
Listed: 05/23/24

124 N Menard Ave, Chicago, Illinois, 60644

8 Bed:
4 Bath:
Save
Price
$ 509,000

About This House

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.

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Austin Housing & Living

Average sale prices for houses

3 bed
4+ bed
Show as List Show as Graph
In May 2024, the asking price for 3 bed houses for sale in/near Austin, Chicago, United States averaged $336,468, a decrease of 2.6% from the previous month.
Median price trends for properties for sale in Austin, Chicago, United States as of May 2024.

Household Income

Median household income: $57,238
Number of households: 1,1M
The average household income in Chicago, IL grew from $55,295 to $57,238 in the past year. This data is an estimate based upon 1,1M households in Chicago, IL.
The chart below presents how household income is distributed in Chicago, IL in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Chicago, IL compared to median property taxes around the country. The prevalent amount of property taxes in Chicago, IL equals $3k+ , which is more than the national average.