1. Illinois
2. Chicago
3. 2935 S Throop Street

2935 S Throop Street, Chicago, IL 60608

• 6,440 sqft

Property Description

Large 7-unit brick apartment building at the coveted corner of Throop Street and 29th Street, offering a rare investment opportunity. This well-maintained property features spacious 1, 2, and 3-bedroom units, recently updated to attract quality tenants while retaining a few long-term residents for stability. With an annual rental income above 110,000, the below-market rents present significant upside potential for immediate revenue growth through strategic increases. Tenant-paid utilities and low operating expenses ensure strong cash flow, making this a low-maintenance, high-yield asset. The building's financial appeal is further enhanced by a successful 2024 tax appeal, resulting in a reduced property tax burden. Its corner location provides excellent visibility and accessibility, ideal for sustained tenant demand. With modern updates already in place and minimal upkeep required, this property is positioned for both short-term gains and long-term appreciation. Don't miss the chance to acquire a turnkey multifamily investment with immediate value-add potential in a thriving rental market.

Listing Status:

Active

Listing Office:

Sperry Van Ness : 312-676-1870

Listing Agent:

Angelo Labriola : 708-307-7529

MLS ID:

12399264

Interior

• Basement: Unfinished
• A/C: Central AirCentral Individual

Location

Lot

Utilities

Financial

This listing courtesy of Angelo Labriola, Sperry Van Ness