6840 S Wabash Ave Chicago, IL 60637
Park Manor Neighborhood
5
Beds
2
Baths
--
Sq Ft
3,920
Sq Ft Lot
Highlights
- Property is near a park
- 2-minute walk to 69Th Street Station
- Porch
- Greystone Architecture
- Fenced Yard
- Brick or Stone Mason
About This Home
As of July 2021Rare GREYSTONE 2 flat located in a commuter's paradise! Gross annual rental income of $27,000. Strong cap rate of 10.9% with the potential for growth. This investment opportunity is adjacent to a plethora of public transit. Within 1/2 block to the 69th street CTA Red Line stop. Right off of the Dan Ryan Expressway & Chicago Skyway Expressway. And more bus routes than I can fit in this description. This greystone, built in 1900, still has much of it's original woodwork including some original built in shelving. The woodwork was refurbished in 2009. Each apartment has hardwood throughout. The first floor unit is a spacious 2 bed 1 bath that features a separate kitchen, dining, and living room. The second floor unit is a 3 bed 1 bath that features a separate kitchen, dining, and living room. Both units have plenty of closet space. This potential "cash cow" even has an updated rear back porch that was redone by the previous owner. The basement has 2 entrances (rear & side), which gives a opportunity with proper permits and zoning changes to add another 1-2 bedroom in the basement. The electric service to the building was upgraded to 200 amp in 2011. The building is even individually metered for electric, gas, and forced heat by the following: common, unit 1, and unit 2. With the large backyard there is opportunity for your ideas. If building a garage is too big of a task, you could make a quick improvement by adding separate a/c units or washer and dryers. Invest smart and tour this building before it's gone.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,747
Year Built
- Built in 1900 | Remodeled in 2018
Lot Details
- 3,920 Sq Ft Lot
- Lot Dimensions are 25 x 163.1
- Fenced Yard
- Paved or Partially Paved Lot
Home Design
- Greystone Architecture
- Flat Roof Shape
- Brick or Stone Mason
- Stone Foundation
- Rubber Roof
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Potential Bedrooms
- 2 Bathrooms
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Multiple Water Heaters
Additional Features
- Porch
- Property is near a park
Community Details
Overview
- 2 Units
Building Details
- Electric Expense $900
- Maintenance Expense $900
- Professional Management Expense $1,200
- Gross Income $27,000
- Net Operating Income $24,000
Similar Homes in Chicago, IL
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/16/2021 07/16/21 | Sold | $232,432 | +3.3% | -- |
| 05/31/2021 05/31/21 | Pending | -- | -- | -- |
| 05/24/2021 05/24/21 | For Sale | $225,000 | +21.6% | -- |
| 09/30/2019 09/30/19 | Sold | $185,000 | 0.0% | -- |
| 08/22/2019 08/22/19 | Pending | -- | -- | -- |
| 08/02/2019 08/02/19 | For Sale | $185,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Phillip Dixon
Seller's Agent in 2021
Phillip Dixon
Compass
(312) 879-9293
1 in this area
47 Total Sales
-
Kasey Taylor
Seller Co-Listing Agent in 2021
Kasey Taylor
Compass
(708) 543-4656
1 in this area
19 Total Sales
-
John Schaefer
Buyer's Agent in 2021
John Schaefer
RE/MAX 10
(708) 707-4488
2 in this area
70 Total Sales
-
Jason Wilkins
J
Seller's Agent in 2019
Jason Wilkins
Rose Realty Group
(708) 331-3800
1 in this area
34 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11099326
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