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8624 S Houston Avenue

Chicago, IL 60617
  • $524,000
  • STATUS: Active
  • ON SITE: 83 Days
  • MLS #: 11740491
$524,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1903
County:

School Ratings & Info

Description

Remodeled and high rental income. Unique opportunity to acquire a cash-flowing asset that realizes an 8.66% cap rate with offered chance to use the existing managing company. Full occupancy! Long-term tenants. It's a must-see! Desired 6 units brick building with six 2b/1ba apartments with a large eat-in kitchens! All the units are equipped with updated kitchens and bathrooms featuring modern appliances, and granite countertops. Separate heat and water tanks for every unit. Updated electric, and copper plumbing. Everything is up to the new code. Parking is plenty on the street and a two cars brick garage in the rear. The excellent location is west of Chicago`s South Works Site.

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© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Angela Walker Homes Real Estate Group. Based on information submitted to the MRED as of 2023-06-09T23:58:58.01 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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8624 S Houston Avenue Chicago, IL 60617

  • Price: $524,000
  • Status: Active
  • On Site: 83 Days
  • MLS #: 11740491
0
Beds
0
Baths
0
½ Baths
0.07
Acres
1903
Built
Neighborhood:
Chi - South Chicago
County:
Cook
Area:
Chi - South Chicago
Property Description
Remodeled and high rental income. Unique opportunity to acquire a cash-flowing asset that realizes an 8.66% cap rate with offered chance to use the existing managing company. Full occupancy! Long-term tenants. It's a must-see! Desired 6 units brick building with six 2b/1ba apartments with a large eat-in kitchens! All the units are equipped with updated kitchens and bathrooms featuring modern appliances, and granite countertops. Separate heat and water tanks for every unit. Updated electric, and copper plumbing. Everything is up to the new code. Parking is plenty on the street and a two cars brick garage in the rear. The excellent location is west of Chicago`s South Works Site.
Exterior Features

Exterior Building Type Brick Foundation Details Concrete Perimeter Parking Total 2

Interior Features

Basement None Cooling None Heat Ventilation Gas

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 4266 Built Before1978 YN Yes Gross Income 65472 Gross Scheduled Income 65472 Insurance Expense 3400 Maintenance Expense 0 Mls Actual Status Active Net Operating Income 45374 Operating Expense 20098 Tax Annual Amount 2614 Tax Year 2021 Tenant Pays ElectricityHeat Total Monthly Income 5456 Township Hyde Park Type Multi Family 5+ Zoning Multi

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Barr Agency, Inc: 847-563-7070.


© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Angela Walker Homes Real Estate Group. Based on information submitted to the MRED as of 2023-06-09T23:58:58.01 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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