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7352 S Langley Avenue

Chicago, IL 60619
  • $405,000
  • STATUS: Active Under Contract
  • ON SITE: 11 Days
  • MLS #: 12215679
Under Contract
$405,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1925
County:
Area:

School Ratings & Info

Description

Opportunity to own a Beautiful 6-unit brick property, ideally situated just minutes from the beach, Tiger Woods golf course, and the Obama Center! This fully occupied gem boasts impressive rental income and an exceptional cap rate around 15%! Making this a prime choice for savvy investors. Each of the 1-bedroom units features hardwood floors and individually controlled furnaces, ensuring low operating expenses and maximizing your returns. The front 2 units are LARGE and could possibly be converted to a two bed. The property's basement offers a ton of additional space and potential for upgrades and extra income, providing even more value and opportunity. Don't miss your chance to invest in this prime Chicago real estate.

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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 Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-12-03T23:59:48.443 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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7352 S Langley Avenue Chicago, IL 60619

  • Price: $405,000
  • Status: Active Under Contract
  • On Site: 11 Days
  • MLS #: 12215679
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1925
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
Opportunity to own a Beautiful 6-unit brick property, ideally situated just minutes from the beach, Tiger Woods golf course, and the Obama Center! This fully occupied gem boasts impressive rental income and an exceptional cap rate around 15%! Making this a prime choice for savvy investors. Each of the 1-bedroom units features hardwood floors and individually controlled furnaces, ensuring low operating expenses and maximizing your returns. The front 2 units are LARGE and could possibly be converted to a two bed. The property's basement offers a ton of additional space and potential for upgrades and extra income, providing even more value and opportunity. Don't miss your chance to invest in this prime Chicago real estate.
Exterior Features

Exterior Building Type Brick Foundation Details Concrete Perimeter Roof Structure Flat

Interior Features

Basement Unfinished Heat Ventilation Central Heat/Indiv ControlsForced AirGas

Property Features

Additional Parcels YN No Approximate Age New Rehab Building Area Total 4800 Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show Yes Current Use Multi-Family Electric Circuit BreakersService - 201 to 600 Amps Gross Income 80796 Gross Scheduled Income 80796 Insurance Expense 9000 Maintenance Expense 0 Mls Actual Status Contingent Net Operating Income 59519 Operating Expense 21277 Possible Use Multi-Family Tax Annual Amount 3375.6 Tax Year 2023 Tenant Pays ElectricityHeatOther Total Monthly Income 6833 Township Hyde Park Type Multi Family 5+ Zoning MULTI

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Baird & Warner: 630-964-1855.


© 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 Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-12-03T23:59:48.443 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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Ryan Dallas Real Estate
4112C Fieldstone Road
Champaign IL, 61822