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8833 S Exchange Avenue

Chicago, IL 60617
  • $240,000
  • STATUS: Closed
  • ON SITE: 381 Days
  • MLS #: 11771461
Sold - 11/16/2023
$240,000
SOLD - 11/16/2023
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1898
County:

School Ratings & Info

Description

Fully rented 6-unit building in South Chicago. All units are 2 bed, 1 bath. Tenants pay for their own electric and gas with individual furnaces. All brick building with 3 units in front and 3 units in rear. Gated backyard could easily accommodate 6 cars though right now it acts a boat and supplies storage for one of the tenants. Rents are slightly below market and one of the units is substantially under market in kind for for maintenance duties on the property. At the current rents this property is at 6.2 GRM and over 12% ROI with substantial room to increase the rents! Low taxes with a very low Cook County valuation.

Sold by Top Care Realty LLC.

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© 2024 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 2024-05-17T22:01:26.27 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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8833 S Exchange Avenue Chicago, IL 60617

  • Price: $275,000
  • Status: Closed
  • On Site: 381 Days
  • Updated: 115 min ago
  • MLS #: 11771461
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1898
Built
Neighborhood:
Chi - South Chicago
County:
Cook
Area:
Chi - South Chicago
Property Description
Fully rented 6-unit building in South Chicago. All units are 2 bed, 1 bath. Tenants pay for their own electric and gas with individual furnaces. All brick building with 3 units in front and 3 units in rear. Gated backyard could easily accommodate 6 cars though right now it acts a boat and supplies storage for one of the tenants. Rents are slightly below market and one of the units is substantially under market in kind for for maintenance duties on the property. At the current rents this property is at 6.2 GRM and over 12% ROI with substantial room to increase the rents! Low taxes with a very low Cook County valuation.
Exterior Features

Exterior Building Type Brick Outdoor Parking 1-5 Spaces Parking Total 6

Interior Features

Cooling None Heat Ventilation Central Heat/Indiv ControlsForced AirGas

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 3040 Built Before1978 YN Yes Financing Conventional Gross Income 44400 Gross Scheduled Income 44400 Insurance Expense 6129 Maintenance Expense 0 Mls Actual Status Closed Net Operating Income 33480 Operating Expense 10920 Short Sale Not Applicable Tax Annual Amount 1311 Tax Year 2021 Tenant Pays ElectricityHeat Total Monthly Income 3700 Type Multi Family 5+ Zoning MULTI

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Keller Williams ONEChicago: 312-216-2422.


© 2024 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 2024-05-17T22:01:26.27 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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Angela Walker Homes Real Estate Group
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Westchester IL, 60154