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.
Closed
$495,000
124 N Menard Ave, Chicago, IL 60644
8beds
--sqft
Multi Family
Built in 1964
-- sqft lot
$533,900 Zestimate®
$--/sqft
$2,057 Estimated rent
Home value
$533,900
$497,000 - $571,000
$2,057/mo
Zestimate® history
Owner options
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$2,057/mo
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$2,057/mo
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$3,515/mo
Est. payment
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$3,515/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Shaheen Pervaiz 312-554-5478,
Exit Strategy Realty
Bought with:
Annette Shelton
Dream Town Real Estate
Source: MRED as distributed by MLS GRID,MLS#: 12061071
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Bathroom
- Features: Soaking Tub
Heating
- Natural Gas
Features
- Basement: Unfinished,Full
Property
Parking
- Total spaces: 2
- Parking features: On Site, Owned
Lot
- Size: 3,049 Square Feet
Details
- Parcel number: 16084140360000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1964
- Major remodel year: 2011
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & HOA
Community
- Features: Street Lights, Street Paved
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $290,000
- Annual tax amount: $2,673
- Date on market: 5/20/2024
- Listing terms: FHA
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 10/25/2024 | Sold | $495,000-0.8% |
Source:  MRED as distributed by MLS GRID #12061071 Report a problem | ||
| 8/12/2024 | Contingent | $499,000 |
Source: MRED as distributed by MLS GRID #12061071 Report a problem | ||
| 6/13/2024 | Price change | $499,000-2% |
Source: MRED as distributed by MLS GRID #12061071 Report a problem | ||
| 5/20/2024 | Listed for sale | $509,000+2% |
Source: MRED as distributed by MLS GRID #12061071 Report a problem | ||
| 2/12/2024 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #11886773 Report a problem | ||
| 10/16/2023 | Listed for sale | $499,000 |
Source: MRED as distributed by MLS GRID #11886773 Report a problem | ||
| 9/23/2023 | Contingent | $499,000 |
Source: MRED as distributed by MLS GRID #11886773 Report a problem | ||
| 9/15/2023 | Listed for sale | $499,000+79.8% |
Source: MRED as distributed by MLS GRID #11886773 Report a problem | ||
| 7/2/2021 | Sold | $277,500-3.5% |
Source: MRED as distributed by MLS GRID #11109368 Report a problem | ||
| 6/16/2021 | Contingent | $287,500 |
Source: MRED as distributed by MLS GRID #11109368 Report a problem | ||
| 6/3/2021 | Listed for sale | $287,500-3.4% |
Source: MRED as distributed by MLS GRID #11109368 Report a problem | ||
| 6/3/2021 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #10965695 Report a problem | ||
| 2/16/2021 | Contingent | $297,500 |
Source: MRED as distributed by MLS GRID #10965695 Report a problem | ||
| 2/10/2021 | Listed for sale | $297,500 |
Source: MRED as distributed by MLS GRID #10965695 Report a problem | ||
| 1/26/2021 | Contingent | $297,500 |
Source: MRED as distributed by MLS GRID #10965695 Report a problem | ||
| 1/19/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 1/19/2021 | Listed for sale | $297,500+431.3% |
Source: MRED as distributed by MLS GRID #10965695 Report a problem | ||
| 7/6/2011 | Listing removed | $750 |
Source: Owner Report a problem | ||
| 4/15/2011 | Listed for rent | $750 |
Source: Owner Report a problem | ||
| 3/10/2011 | Sold | $56,000-80.4% |
Source: Public Record Report a problem | ||
| 9/18/2006 | Sold | $285,000+83.9% |
Source: Public Record Report a problem | ||
| 7/6/1999 | Sold | $155,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $29,000 +123.1% |
| 2023 | $2,743 +2.6% | $12,999 |
| 2022 | $2,674 +2.3% | $12,999 |
| 2021 | $2,614 -37.5% | $12,999 -30.8% |
| 2020 | $4,185 -2.4% | $18,787 -12% |
| 2019 | $4,289 +1.7% | $21,349 |
| 2018 | $4,217 -5.7% | $21,349 +2.7% |
| 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
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Nearby schools
GreatSchools rating
- 4/10Ellington Elementary SchoolGrades: PK-8Distance: 0.3 mi
- NADouglass Academy High SchoolGrades: 9-12Distance: 0.5 mi
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
$533,900
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Estimated market value
$533,900
- Illinois
- Cook County
- Chicago
- 60644
- South Austin
- 124 N Menard Ave
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