N
Seller's Agent in 2019
Noah Birk
Kiser Group Realty Inc
6600 S Champlain Ave Chicago, IL 60637
West Woodlawn Neighborhood
16
Beds
8
Baths
--
Sq Ft
1900
Built
About This Home
As of May 20196600 S. Champlain, an eight (8) unit multi-family building located in Chicago's Woodlawn neighborhood. Located near both Chicago's Metra Rail System and the CTA Green Line, 6600 S. Champlain consists solely of 2Bd/1Ba units. Recent improvements to the building include, but are not limited to, new silver coat roof, newer porches, newer windows, and tuckpointing. This investment offers a new investor an opportunity to achieve above a 13% cap rate and nearly a 33% cash-on-cash return through improved management, stabilizing rents, and light cosmetic work to the units. Woodlawn has been the neighborhood of several recent developments over the past year. In September of 2017, the city announced a brand new 48,000-square-foot Jewel Osco grocery store just blocks from 6600 S. Champlain. The Jewel Osco development is looking to add at least 200 jobs to the community.
Last Agent to Sell the Property
Noah Birk
Kiser Group Realty Inc License #475125864 Listed on: 09/04/2018
Co-Listed By
Aaron Sklar
Kiser Group Realty Inc License #475161507
Last Buyer's Agent
Noah Birk
Kiser Group Realty Inc License #475125864 Listed on: 09/04/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,286
Year Built
- Built in 1900
Bedrooms and Bathrooms
- 16 Bedrooms
- 8 Bathrooms
Utilities
- Central Heating
- Radiator
- Heating System Uses Gas
Additional Features
- 2-Story Property
- Lot Dimensions are 50' x 122' x 50' x 122'
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 8 Units
Building Details
- Electric Expense $700
- Fuel Expense $5,000
- Insurance Expense $3,000
- Maintenance Expense $1,500
- Other Expense $3,400
- Trash Expense $1,800
- Water Sewer Expense $5,000
- Operating Expense $31,110
- Gross Income $67,200
- Net Operating Income $29,370
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/01/2019 09/01/19 | Off Market | $386,000 | -- | -- |
| 05/30/2019 05/30/19 | Sold | $386,000 | -3.5% | -- |
| 03/25/2019 03/25/19 | Pending | -- | -- | -- |
| 03/13/2019 03/13/19 | For Sale | $400,000 | +3.6% | -- |
| 03/04/2019 03/04/19 | Off Market | $386,000 | -- | -- |
| 09/04/2018 09/04/18 | For Sale | $400,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,036 | $50,900 | $7,566 | $43,334 |
| 2024 | $8,036 | $48,487 | $7,566 | $40,921 |
| 2023 | $6,737 | $37,950 | $3,329 | $34,621 |
| 2022 | $6,737 | $32,757 | $3,329 | $29,428 |
| 2021 | $7,762 | $38,599 | $3,329 | $35,270 |
| 2020 | $8,599 | $38,600 | $3,329 | $35,271 |
| 2019 | $8,319 | $41,408 | $3,329 | $38,079 |
| 2018 | $8,180 | $41,408 | $3,329 | $38,079 |
| 2017 | $8,286 | $38,492 | $2,723 | $35,769 |
| 2016 | $7,710 | $38,492 | $2,723 | $35,769 |
| 2015 | $7,054 | $38,492 | $2,723 | $35,769 |
| 2014 | $7,142 | $38,492 | $2,723 | $35,769 |
| 2013 | $7,001 | $38,492 | $2,723 | $35,769 |
Source: Public Records
Agents Affiliated with this Home
-
-
A
Seller Co-Listing Agent in 2019
Aaron Sklar
Kiser Group Realty Inc
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 10278821
APN: 20222280230000
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