NOT LISTED FOR SALE

6941 S Hermitage Ave Chicago, IL 60636

Englewood Neighborhood
8 Beds
4 Baths
-- Sq Ft
3,049 Sq Ft Lot

Last Sold September 02, 2016

Last sale price $72,500

50 Days on Market

About This Home

As of September 2016

Money Maker! Well maintained 4-unit building on a double lot. The property is fully occupied with long-term tenants. Tenants pays own heat/gas. Newer mechanicals. Great investment property. 18.7% cap rate and rents are low for the area! Directly across the street from Betty Shabazz International Charter School.

Last Agent to Sell the Property

Dona Crane

EXIT Strategy Realty License #475108288 Listed on: 06/29/2016

EXIT Strategy Realty

Last Buyer's Agent

Max Kustner

Century 21 Circle License #475156609

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,554

Year Built

  • Built in 1890

Lot Details

  • Lot Dimensions are 25 x 125
  • Additional Parcels

Home Design

  • Frame Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $23,880
  • Net Operating Income $15,824

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,554

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1890
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove
  • MRD_AppliancesAndFeatures: Stove
  • MRD_AppliancesAndFeatures: Stove
  • AppliancesAndFeatures: Stove
  • Room: 5

Exterior Features

  • List Price: 84500
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Fee Information

  • Other Expenses $: 8056

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 25 X 125
  • Zoning: MULTI
  • Lot Size: Oversized Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Net Operating Income: 15824
  • GrossIncome: 23880
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 2554.29
  • Tax Year: 2014

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
09/02/2016 09/02/16 Sold $72,500 -14.2% --
08/18/2016 08/18/16 Pending -- -- --
06/29/2016 06/29/16 For Sale $84,500 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dona Crane

    Seller's Agent in 2016

    Dona Crane

    EXIT Strategy Realty

    (773) 418-0202

    20 Total Sales

    Dona Crane
    Section Image

  • M

    Buyer's Agent in 2016

    Max Kustner

    Century 21 Circle

See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09272840

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60636 Englewood

6941 S Hermitage Ave, Chicago, IL

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