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7950 S Exchange Avenue , 7950-7956

Chicago, IL 60617
  • $349,000
  • STATUS: Active Under Contract
  • ON SITE: 131 Days
  • MLS #: 11944987
Under Contract
$349,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1928
County:

School Ratings & Info

Description

Incredible deal! Updated 9 Unit Apartment building in the South Shore/South Chicago Neighborhood. Property sits on a double lot (2 pins). Building is located just a few miles South of the South Shore Golf Course, walking distance to the metro and steps away from the new development "Thrive Exchange". Cash flow with 8 of the 9 units rented. 3 Office units, (2) 2 Bedrooms, (1) 3 Bedroom 2 bath, (2) 1 Bedrooms. The apartments have been renovated. Bonus: Gutted coach house with 3 car garage. Ready to be finished for added cash flow. Plenty of Parking for tenants and businesses.

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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 2024-04-20T19:32:36.197 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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7950 S Exchange Avenue , 7950-7956 Chicago, IL 60617

  • Price: $349,000
  • Status: Active Under Contract
  • On Site: 131 Days
  • MLS #: 11944987
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1928
Built
Neighborhood:
Chi - South Chicago
County:
Cook
Area:
Chi - South Chicago
Property Description
Incredible deal! Updated 9 Unit Apartment building in the South Shore/South Chicago Neighborhood. Property sits on a double lot (2 pins). Building is located just a few miles South of the South Shore Golf Course, walking distance to the metro and steps away from the new development "Thrive Exchange". Cash flow with 8 of the 9 units rented. 3 Office units, (2) 2 Bedrooms, (1) 3 Bedroom 2 bath, (2) 1 Bedrooms. The apartments have been renovated. Bonus: Gutted coach house with 3 car garage. Ready to be finished for added cash flow. Plenty of Parking for tenants and businesses.
Exterior Features

Exterior Building Type Brick Foundation Details Concrete Perimeter Frontage Type City StreetPublic Road Water Drainage Storm Sewers

Interior Features

Cooling Central Individual Heat Ventilation Forced Air

Property Features

Additional Parcels YN Yes Approximate Age Older Building Area Total 20000 Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show Yes Current Use Commercial Electric Service - 101 to 200 Amps Fire Protection Alarm On Site Geographic Locale Chicago South Gross Income 74376 Gross Scheduled Income 75876 Insurance Expense 5756 Mls Actual Status Contingent Net Operating Income 46631 Number Of Tenants 8 Operating Expense 27745 Ownership Types Limited Liability Corp Property Sub Type Mixed Use Rental Price 11.49 Tax Annual Amount 11785 Tax Year 2021 Tenant Pays Electricity Total Monthly Income 6198 Township Hyde Park Type Mixed Use Utilities Electric to SiteGas to SiteWater to Site Zoning COMMR

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Wulf Properties Realty Corp: 773-704-5905.


© 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 2024-04-20T19:32:36.197 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