J
Seller's Agent in 2021
John Warren
Second City Real Estate
3018 E Cheltenham Place Chicago, IL 60649
South Shore Neighborhood
12
Beds
12
Baths
--
Sq Ft
4,356
Sq Ft Lot
About This Home
As of July 2021For sale is a value add opportunity in the dynamic South Shore neighborhood. This solid 12 unit building is well maintained, and the current owner has kept the units in good condition. Recently build new deck and stairs system has now cleared this building of all City violations. Owner just spent $40K on new front stairways, electric and new lighting. 12 apartments all have separate heat and electric. Building is fully occupied and all tenants are paying. Expenses for this building are lower than usual for this number of apartments. No common area hallways, corridors or basement reduces maintenance and utility expenses. Easy low maintenance building. Up to 6 private parking spaces at rear of the property and a common area laundry room for tenant use. All 1 bed modern apartments with newer plumbing and electric and open plan kitchens. Low rents and long term tenants. A new owner has the opportunity to push rents to market with minimal rehab work. 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. Owner is a licensed realtor in the state of Illinois. Listing agent is not the owner.
Last Agent to Sell the Property
John Warren
Second City Real Estate License #471020680 Listed on: 03/15/2021
Co-Listed By
Sharon Knickerbocker
Second City Real Estate License #475180755
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,666
Year Built
- Built in 1966
Lot Details
- 4,356
Interior Spaces
- 2-Story Property
- Exterior Basement Entry
Bedrooms and Bathrooms
- 12 Bedrooms
- 12 Bathrooms
Additional Features
- 4,356 Sq Ft Lot
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for air conditioning, electricity, heat
Community Details
Overview
- 12 Units
Building Details
- Electric Expense $1,361
- Fuel Expense $150
- Insurance Expense $3,413
- Maintenance Expense $2,093
- Trash Expense $1,996
- Water Sewer Expense $7,312
- Operating Expense $38,655
- Gross Income $87,288
- Net Operating Income $48,633
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/30/2021 07/30/21 | Sold | $500,000 | -5.5% | -- |
| 07/27/2021 07/27/21 | Pending | -- | -- | -- |
| 06/16/2021 06/16/21 | For Sale | -- | -- | -- |
| 04/05/2021 04/05/21 | For Sale | -- | -- | -- |
| 03/25/2021 03/25/21 | Pending | -- | -- | -- |
| 03/15/2021 03/15/21 | For Sale | $529,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Agents Affiliated with this Home
-
-
S
Seller Co-Listing Agent in 2021
Sharon Knickerbocker
Second City Real Estate
-
David Thomas
Buyer's Agent in 2021
David Thomas
Blue Door Dave Inc
(773) 301-7966
10 in this area
165 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11021162
APN: 21304110200000
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