NOT LISTED FOR SALE

6836 S East End Ave Chicago, IL 60649

South Shore Neighborhood
17 Beds
6 Baths
7,848 Sq Ft
1919 Built

Last Sold September 14, 2021

Last sale price $725,000 $92 Per Sq Ft

28 Days on Market

About This Home

As of September 2021

* 8.17% In-Place Cap Rate * Gross Income: $94,800 * NOI: $63,337 *6836 S. East End is an oversized six (6) unit, center entranced walk-up located in the historic Jackson Park neighborhood of Chicago's South Side. Located in one of the most sought after pockets just seven (7) miles south of Chicago's downtown, the building sits adjacent to Jackson Park Highlands, a historic landmarked district known for its collection of model, million dollars homes with picturesque architecture. Additionally, the building sits roughly two (2) blocks south of Jackson Park, along with the future Presidential Library which has recently broken ground. 6836 S. East End is comprised of six (6) meticulously maintained and recently updated units. Currently, the building consists of five (5) 3b/1ba apartments, and one (1) 2b/1ba apartment. All of which are incredibly spacious and feature an abundance of natural light. Furthermore, the units are all equipped modern kitchens with stainless steel appliances and updated bathrooms. Additionally, all of the units feature resurfaced hardwood flooring along with washer and dryers in-unit. Recent capital improvements to the building consist of, but not limited to, a newer roof, an updated and code compliant porch system, updated plumbing and electric, and individual in-unit furnaces all within the past few years. 6836 S. East End presents an investor a unique opportunity of not only acquiring an asset in one of Chicago's most desirable and appreciating neighborhoods, but also the ability to capitalize on a strong tenant base with an in place cap rate exceeding 8%. Currently, there is roughly a $300 difference in rent from older tenants to newer tenants, and solely by stabilizing the rental rates to the current market rate, there is an opportunity to achieve nearly a 9.5% cap rate. With the addition of both the Presidential Library and the newly designed Jackson Park Golf Course, the neighborhood is slated to continue to further appreciate.

Last Agent to Sell the Property

Aaron Sklar

Kiser Group Realty Inc License #475161507 Listed on: 07/06/2021

Co-Listed By

Noah Birk

Kiser Group Realty Inc License #475125864

Last Buyer's Agent

Sybil Martin

Coldwell Banker Realty License #471008659

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,449

Year Built

  • Built in 1919

Parking

  • 6 to 12 Parking Spaces

Bedrooms and Bathrooms

  • 17 Bedrooms
  • 6 Bathrooms

Additional Features

  • 3-Story Property
  • Lot Dimensions are 60'x125'
  • Floor Furnace

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $726
  • Fuel Expense $2,077
  • Insurance Expense $3,452
  • Maintenance Expense $2,550
  • Manager Expense $4,597
  • Other Expense $1,500
  • Trash Expense $990
  • Water Sewer Expense $4,477
  • Operating Expense $28,618
  • Gross Income $94,800
  • Net Operating Income $63,337

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,449

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1919
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required,Non-Disclosure Agreement
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 17
  • Room: 0

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Heat/Ventilation: Individual Furnaces

Condo/Co-op/Association

  • Manager Expense: 4597

Fee Information

  • Trash Expense: 990
  • Water Sewer Expenses: 4477

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 60'X125'

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 8

Multi Family

  • Net Operating Income: 63337
  • Fuel Expense: 2077
  • Insurance Expense: 3452
  • ElectricExpense: 726
  • GrossIncome: 94800
  • Maintenance Expense: 2550
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 28618
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 6449
  • Tax Year: 2019

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/14/2021 09/14/21 Sold $725,000 -6.5% $92 / Sq Ft
08/04/2021 08/04/21 Pending -- -- --
07/06/2021 07/06/21 For Sale $775,000 -- $99 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Aaron Sklar

    Kiser Group Realty Inc

    Section Image

  • N

    Seller Co-Listing Agent in 2021

    Noah Birk

    Kiser Group Realty Inc

    Section Image
  • Sybil Martin

    Buyer's Agent in 2021

    Sybil Martin

    Coldwell Banker Realty

    (773) 491-7217

    6 in this area

    178 Total Sales

    Sybil Martin
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11146457

Midwest Real Estate Data (MRED)

APN: 20243090200000

Illinois Cook County Chicago 60649 South Shore

6836 S East End Ave, Chicago, IL

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