Cook, US
For sale is a value add opportunity in the dynamic South Shore neighborhood. This solid 12 unit flexicore style building is well maintained, and the current owner has kept the units in good condition. Each of the 12 apartments is set up with separate heat and electric, so the expenses are lower than usual for this style of apartment building. No common area hallways, corridors or basement further reduces maintenance and utility expenses. Very easy and low maintenance building. Up to 6 private parking spaces at rear of the property and a common area laundry room out back for tenant use. All 1 bed modern apartments with newer plumbing and electric and open plan kitchens. With low rents and long term tenants in place currently, a new owner has the opportunity to push rents to market with minimal rehab work. Owner is a licensed realtor in the state of Illinois. Listing agent is not the owner. Great South Shore location by the lake with plenty of upside. Lots of investor activity in the area. Close proximity to new site of Obama library. Lake front access, Park access, South Shore Golf Club all in the immediate area. Excellent public transport links. Bus outside the property on 79th St, 1 block to Metra station for train to downtown and 1 block to LSD for fast easy commute to the City.
Courtesy Of: Second City Real Estate
Feature Highlights
- Built Before 1978
General Features
- List Date:
- 05/28/2020
Interior Features
- Agent Owned/Interest:
- No
- # Of Rooms - Unit 1:
- 4
- # Of Bdrms - Unit 1:
- 1
Exterior Features and Amenities
- Area:
- CHI - South Shore
- Lot Dimensions:
- 4350
- Acreage:
- .1
Financial
- Electricity Expense:
- 1361
- Update Date:
- 2020-09-10T16:52:15
- Taxes:
- 9666
- Status Date:
- 2020-09-10T16:52:15
- Net Oper Income:
- $48,633.00
- Market Time:
- 115
- Listing Market Time:
- 115
- Last List Price:
- 485000
- Listing Type:
- Exclusive Right To Sell
- List Date Received:
- 2020-05-28T14:02:54
- Gross Rental Income:
- $87,288.00
- Contingency Flag:
- Attorney/Inspection
- Contract Date:
- 2020-09-10T05:00:00
- Cooperative Compensation:
- 2% - $450 TECH FEE
Other Features
- Back on Market Date:
- 2020-07-01T05:00:00
- Approx Year Built:
- 1966
- Zoning Type:
- MULTI
- Are any property photos virtually staged?:
- No
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Data last updated: 2024-05-16.
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