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3037 Bright ST Franklin Park, IL 60131
3,201 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 3,201 sqft
Price per Sqft $218
MLS Listing ID 12378114
Year Built 1963
Annual Tax Amount $11,267
Tax Year 2023
Lot Dimensions 100X50
Property Sub-Type Multi Family 5+
Property Description
Legacy-Owned 6-Unit Investment Opportunity! This well-maintained, value-add building has been owned by the same family for over 50 years and features five 1-bedroom/1-bathroom units and one unit currently operating as a church with a half bath. All units are month-to-month, offering flexibility for repositioning or rent increases-comparable rents are significantly higher, making this a rare upside opportunity. Tenants pay electric. Property includes hot water heat, six assigned parking spaces, and a village inspection report available for review. A true generational asset-ideal for investors looking to modernize and capitalize on under-market rents in a strong suburban location.
Location
State IL
County Cook
Area Franklin Park
Zoning MULTI
Rooms
Basement Unfinished, Concrete, Storage Space
Interior
Cooling None
Fireplace N
Building
Dwelling Type Multi Family 5+
Level or Stories 2
Structure Type Brick
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Listed by Tom Makinney • Compass