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Image 1 - 2224 S Sawyer Ave, Chicago, Illinois, 60623 - House for sale
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Home For Sale In Chicago, Illinois
2224 S Sawyer Ave, Chicago, Illinois, 60623

Home For Sale In Chicago, Illinois

house for sale
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Listed: 06/01/24

2224 S Sawyer Ave, Chicago, Illinois, 60623

Studio Bed:
2 Bath:
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Price
$ 900,000

About This House

7.7% Cap Rate As-Is (Proforma 8% + Cap Rate) in red hot Little Village! This renovated six unit property is made up of three 2bd/1ba units, two 2bd/1ba duplex units, and one 3bd/1ba + office unit. The property also has a seventh non-conforming studio apartment that is currently unused. A new investor can duplex into to make a true 3bd/2ba owners unit or AirBnb it for additional income. All units have been renovated with stainless steel appliances, granite countertops, central furnaces, and in-unit washer dryer. All units are on 12 month leases. Perfect property for any new or seasoned investor looking for day one cash flow and low maintenance. Broker Owned Interest.

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Little Village Housing & Living

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.