Marsha Green
Real People Realty
(708) 934-0761
86 Total Sales
2 in South Shore
$140K - $228K Price Range
6711 S Chappel Ave Chicago, IL 60649
South Shore NeighborhoodEstimated Value: $92,000 - $168,000
15
Beds
8
Baths
--
Sq Ft
5,358
Sq Ft Lot
About This Home
As of December 2020* 8% In-Place Cap Rate * Gross Income (w/ 5% vacancy) - $77,700 * NOI - $42,423 Kiser Group is pleased to exclusively offer for purchase 6711 S. Chappel, an eight (8) unit walk up-building located in Chicago's Jackson Park neighborhood, just blocks away from Lake Michigan. Furthermore, 6711 S. Chappel boasts close proximity to the future Presidential Library, as well as the upcoming Tiger Woods developed Golf Course 6711 S. Chappel consists of seven (7) 2b/1ba units and one (1) 1b/1ba units. All the units include spacious layouts and have been well maintained. The building also includes coin operated laundry and five (5) parking spaces for tenant use. 6711 S. Chappel offers a unique opportunity to acquire a cash flowing asset, while also offering a significant value-add opportunity: current rents in the building are significantly lower compared to similar buildings in the area. Additionally, The building currently has eight (8) individual PIN numbers. A new owner could drastically lower their property tax expense by combining the units back to one PIN number.
Last Agent to Sell the Property
Aaron Sklar
Kiser Group Realty Inc License #475161507 Listed on: 06/02/2020
Co-Listed By
Noah Birk
Kiser Group Realty Inc License #475125864
Last Buyer's Agent
Noah Birk
Kiser Group Realty Inc License #475125864
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,565
Year Built
- Built in 1922
Lot Details
- Lot Dimensions are 42' x 125'
- Additional Parcels
Bedrooms and Bathrooms
- 15 Bedrooms
- 8 Bathrooms
Additional Features
- 3-Story Property
- Radiator
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 8 Units
Building Details
- Electric Expense $841
- Fuel Expense $5,419
- Insurance Expense $2,400
- Maintenance Expense $1,000
- Manager Expense $3,705
- Other Expense $750
- Trash Expense $1,932
- Water Sewer Expense $6,690
- Operating Expense $33,802
- Gross Income $777,000
- Net Operating Income $42,423
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 2, 2020
Closed on
Dec 3, 2020
Sold by
Chappel Llc
Bought by
Seller's Agent
Aaron Sklar
Kiser Group Realty Inc
Buyer's Agent
Noah Birk
Kiser Group Realty Inc
List Price
$525,000
Sold Price
$475,000
Premium/Discount to List
-$50,000
-9.52%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$352,667
Avg. Annual Appreciation
-21.05%
Original Mortgage
$356,250
Outstanding Balance
$159,058
Interest Rate
0.39%
Mortgage Type
New Conventional
Estimated Equity
-$36,725
Purchase Details
Closed on
Mar 14, 2008
Sold by
Chicago Title Land Trust Co
Bought by
Chappel Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,000
Interest Rate
6.25%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 11, 2006
Sold by
Chicago Title Land Trust Co
Bought by
Chicago Title Land Trust Co and Trust #8002347814
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
6.36%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 29, 2005
Sold by
Chicago Title Land Trust Co
Bought by
Chicago Title Land Trust Co and Trust #8002345382
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,000
Interest Rate
6.36%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Shore, IL
-
Marsha Green
-
Melanie Miller
Melanie Miller
Keller Williams ONEChicago
(312) 779-6603
198 Total Sales
12 in South Shore
$167K - $560K Price Range
-
Tina Hollins
Tina Hollins
Coldwell Banker Realty
(773) 570-2696
146 Total Sales
2 in South Shore
$295K - $605K Price Range
-
Tanesha Pratt
Tanesha Pratt
Coldwell Banker Realty
(630) 895-7761
74 Total Sales
1 in South Shore
$255,000 Price
-
Michael Kozuchowski
Michael Kozuchowski
Century 21 S.G.R., Inc.
(872) 250-5498
55 Total Sales
1 in South Shore
$325,000 Price
-
Pedro Castaneda
Pedro Castaneda
Compass
(844) 448-1434
98 Total Sales
1 in South Shore
$305,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $475,000 | Citywide Title Corporation | ||
| Chappel Llc | $630,000 | Guaranty National Title Co | |
| Chicago Title Land Trust Co | $499,000 | None Available | |
| Chicago Title Land Trust Co | $466,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $356,250 | ||
| Previous Owner | Chappel Llc | $504,000 | |
| Previous Owner | Chicago Title Land Trust Co | $60,000 | |
| Previous Owner | Chicago Title Land Trust Co | $475,000 | |
| Previous Owner | Chicago Title Land Trust Co | $395,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/08/2021 03/08/21 | Off Market | $475,000 | -- | -- |
| 12/07/2020 12/07/20 | Sold | $475,000 | -9.5% | -- |
| 10/04/2020 10/04/20 | Pending | -- | -- | -- |
| 06/02/2020 06/02/20 | For Sale | $525,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $926 | $4,713 | $804 | $3,909 |
| 2024 | $926 | $4,713 | $804 | $3,909 |
| 2023 | $1,440 | $4,375 | $648 | $3,727 |
| 2022 | $1,440 | $7,000 | $648 | $6,352 |
| 2021 | $1,407 | $6,999 | $648 | $6,351 |
| 2020 | $1,040 | $4,667 | $466 | $4,201 |
| 2019 | $938 | $4,667 | $466 | $4,201 |
| 2018 | $922 | $4,667 | $466 | $4,201 |
| 2017 | $1,075 | $4,995 | $389 | $4,606 |
| 2016 | $1,000 | $4,995 | $389 | $4,606 |
| 2015 | $1,015 | $5,537 | $389 | $5,148 |
| 2014 | $960 | $5,176 | $389 | $4,787 |
| 2013 | $941 | $5,176 | $389 | $4,787 |
Source: Public Records
Agents Affiliated with this Home
-
AS
Seller's Agent in 2020
Aaron Sklar
Kiser Group Realty Inc
-
NB
Seller Co-Listing Agent in 2020
Noah Birk
Kiser Group Realty Inc
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 10736344
APN: 20-24-401-026-1001
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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 IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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