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  • $480,000

    122 N Menard Ave, Chicago, IL 60644

    8beds
    --sqft
    Multi Family
    Built in 1959
    -- sqft lot
    $509,200 Zestimate®
    $--/sqft
    $2,030 Estimated rent

    Home value

    $509,200

    $453,000 - $570,000

    $2,030/mo

    Zestimate® history
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    $2,030/mo

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    $2,030/mo

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    $3,408/mo

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    $3,408/mo

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    What's special

    Elegant white cabinetsLarge eat-in kitchens
    Welcome to this exceptional investment opportunity! Presenting an all-brick 4-flat building that generates an impressive $50,000 in rental income annually. This property is a true gem, boasting four well-maintained 2-bedroom, 1-bathroom units, each designed with a spacious living room/dining room combo, and large eat-in kitchens adorned with elegant white cabinets. Enjoy the ease of ownership with "nothing to do but buy and start cash-flowing day 1!" All four units are rented with leased to section-8 tenants, offering an ideal investment for savvy investors looking for immediate returns. Moreover, this 4-flat offers a unique advantage of separate basements for each unit, providing additional space for tenants' storage needs. This thoughtful feature enhances tenant satisfaction and convenience, setting it apart from other properties in the area. Seize this incredible chance to close the deal and start collecting rent immediately! The property's robust rental income, combined with its turnkey condition, promises a seamless investment journey, whether you're a seasoned investor or entering the real estate market for the first time. This unique opportunity won't last long! Don't miss your chance to own a rock-solid, cash-flowing asset with tremendous potential for long-term growth. Act now and capitalize on this outstanding 4-flat building in a prime location. Reach out today to secure your future and embark on a rewarding investment venture! Tenant Pays Utilities.

    Zillow last checked:

    Listing updated:

    Listed by:

    Shaheen Pervaiz 312-554-5478,

    Exit Strategy Realty

    Bought with:

    Shaheen Pervaiz

    Exit Strategy Realty

    Source: MRED as distributed by MLS GRID,MLS#: 11834368MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Natural Gas, Forced Air
    Appliances
    • Included: Multiple Water Heaters
    Features
    • Basement: Unfinished,Egress Window,Full

    Property

    Parking
    • Total spaces: 1
    • Parking features: Off Street, On Site, Owned
    Lot
    • Size: 2,793 Square Feet
    • Dimensions: 57X49
    Details
    • Parcel number: 16084140330000
    • Zoning: MULTI
    • Special conditions: None
    • Other equipment: Ceiling Fan(s)

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick
    Condition
    • New construction: No
    • Year built: 1959
    • Major remodel year: 2021

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Security: Carbon Monoxide Detector(s)
    Location
    • Region: Chicago

    Financial & listing details

    • Tax assessed value: $300,000
    • Annual tax amount: $2,613
    • Date on market: 7/17/2023
    • Listing terms: Assumption
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    6/3/2025Sold$480,000
    Source: Public Record Report a problem
    9/14/2023Sold$480,000-3.8%
    Source: MRED as distributed by MLS GRID #11834368 Report a problem
    8/5/2023Contingent$499,000
    Source: MRED as distributed by MLS GRID #11834368 Report a problem
    7/17/2023Listed for sale$499,000+73.6%
    Source: MRED as distributed by MLS GRID #11834368 Report a problem
    6/23/2021Sold$287,500-17.7%
    Source: MRED as distributed by MLS GRID #11064219 Report a problem
    5/13/2021Contingent$349,500
    Source: MRED as distributed by MLS GRID #11064219 Report a problem
    5/5/2021Listed for sale$349,500+217.7%
    Source: MRED as distributed by MLS GRID #11064219 Report a problem
    8/30/2018Sold$110,000-8.3%
    Source: Public Record Report a problem
    7/18/2018Pending sale$119,900
    Source: Carrington Real Estate Services(US) LLC #09823495 Report a problem
    7/6/2018Price change$119,900-7.7%
    Source: Carrington Real Estate Services(US) LLC #09823495 Report a problem
    6/7/2018Price change$129,900-13.3%
    Source: Carrington Real Estate Services(US) LLC #09823495 Report a problem
    5/2/2018Price change$149,900-21.1%
    Source: Carrington Real Estate Services(US) LLC #09823495 Report a problem
    4/2/2018Price change$189,900-9.5%
    Source: Carrington Real Estate Services(US) LLC #09823495 Report a problem
    3/2/2018Price change$209,900-4.5%
    Source: Carrington Real Estate Services(US) LLC #09823495 Report a problem
    2/3/2018Price change$219,900-4.9%
    Source: Carrington Real Estate Services(US) LLC #09823495 Report a problem
    12/31/2017Listed for sale$231,290+59.5%
    Source: Carrington Real Estate Services(US) LLC #09823495 Report a problem
    12/29/1997Sold$145,000+141.7%
    Source: Public Record Report a problem
    12/27/1993Sold$60,000
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024-- $30,000 +130.8%
    2023$2,743 +2.6%$12,999
    2022$2,674 +2.3%$12,999
    2021$2,614 -30%$12,999 -22.5%
    2020$3,735 -2.4%$16,766 -12%
    2019$3,828 -3.4%$19,053 -5.1%
    2018$3,964 -11.4%$20,069 -3.4%
    2017$4,474 +7.5%$20,784
    2016$4,163 +9.3%$20,784
    2015$3,809 +6.1%$20,784 +7.4%
    2014$3,590 +2%$19,349
    2013$3,519 +1.4%$19,349
    2012$3,472 -11.5%$19,349 -20.1%
    2011$3,925 -0.4%$24,223
    2010$3,942 +4.4%$24,223
    2009$3,777 -14.3%$24,223 -21.2%
    2008$4,408 +1%$30,729
    2007$4,364 -1.1%$30,729
    2006$4,411 +39%$30,729 +58.3%
    2005$3,173 +1%$19,416
    2004$3,141 +2.2%$19,416
    2003$3,072 +17.7%$19,416 +33.7%
    2002$2,610 +3.7%$14,526
    2001$2,515 +28.5%$14,526
    2000$1,957 -0.7%$14,526 +42.6%
    1999$1,971 $10,189
    Find assessor info on the county website

    Neighborhood: South Austin

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: 299

    Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $509,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $509,200