NOT LISTED FOR SALE
17 Beds
12 Baths
-- Sq Ft
1910 Built

Last Sold June 11, 2020

Last sale price $816,250

34 Days on Market

About This Home

As of June 2020

fully rehabbed 12 unit turn key investment property opportunity. This corner lot is located at 6900 S Vernon Ave. in the Greater Grand Crossing neighborhood of Chicago near University of Chicago and plenty of public transit. This 12 unit building is comprised of seven 1 bed 1 bath and five 2 bed 1 bath units. All units have separate utilities. 75% occupied with great tenant base. First floor units have exceptionally high ceiling and can achieve higher than current rents. PROPERTY DETAILS * FULLY REHABBED UNITS * ALL NEW KITCHEN AND BATHS * ALL UNITS HAVE STAINLESS STEEL APPLIANCES * COIN LAUNDRY IN BASEMENT * ALL NEW PLUMBING THROUGHOUT * NEW MECHANICALS * NEW ELECTRICAL * 4 SPACE PARKING PAD * SECURITY FLOOD LIGHTS * SECURITY CAMERAS(SMARTPHONE ACCESSIBLE) * NEST THERMOSTAT (SMARTPHONE ACCESSIBLE)

Last Agent to Sell the Property

Sylvia Reyes

Berkshire Hathaway HomeServices Chicago License #475167490 Listed on: 01/22/2020

Berkshire Hathaway HomeServices Chicago

Last Buyer's Agent

Carolyn Barnes

Real People Realty License #471019533

Real People Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1910

Home Design

  • Brick Exterior Construction

Community Details

  • Insurance Expense $6,536
  • Manager Expense $8,496

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

1910

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Sole Proprietor
  • Potential Use: Residential-Multi-Family, Retail
  • Zoning Type: COMMR
  • Estimated Age: Older
  • Net Oper Income: 89001
  • Outdoor Parking: 1-5 Spaces
  • Repairs Decor Expense: 1654
  • Scavenger Expense: 3431
  • Total Annual Exp: 72819
  • Total Annual Income: 163392
  • Total Monthly Income: 13616
  • Number of Ranges: 12
  • Number Of Refrigs: 12
  • Number Of Stories: 3
  • Estimated Year Built: 1910
  • Type Multi Family: Corridor-Exterior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1910

Exterior Features

  • Exterior Building Type: Brick
  • Construction: Brick
  • Frontage Access: City Street

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Heatventilation: Radiators
  • Water Expense: 8169

Condo/Co-op/Association

  • Units in Building: 12
  • Manager Expense: 8496

Fee Information

  • Electricity Expense: 1797
  • Janitor Expense: 3267

Lot Info

  • Lot Dimensions: 55 X 130
  • Lot Sq Ft: 7054
  • Parcel Identification Number: 20224140200000

Rental Info

  • Gross Rental Income: 12950
  • Tenant Pays: Electric

Multi Family

  • Insurance Expense: 6536
  • Other Expenses: 3594

Tax Info

  • Taxes: 4600
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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
06/11/2020 06/11/20 Sold $816,250 -4.0% --
02/25/2020 02/25/20 Pending -- -- --
01/22/2020 01/22/20 For Sale $850,000 -- --
Source: Midwest Real Estate Data (MRED)

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10616648

Midwest Real Estate Data (MRED)