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

Sale Details

Date Sold: June 11, 2020

Last sale price $816,250 $0 Per Sq Ft

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

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

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
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)
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