A
Seller's Agent in 2024
Aaron Sklar
Kiser Group Realty Inc
7650 S Eggleston Ave Chicago, IL 60620
Auburn Gresham Neighborhood
8
Beds
8
Baths
--
Sq Ft
1910
Built
About This Home
As of April 20247650 S. Eggleston is an eight (8) unit walk-up building located in the Greater Grand Crossing neighborhood of Chicago's South Side. The property sits on a quiet, tree lined street one (1) block from Auburn Park and Winneconna Parkway, which boasts Venetian style canals overlooking beautiful lagoons and stone bridges. 7650 S. Eggleston truly has a unique unit mix that can be tailored to all renters. Of the eight (8) units, the building is comprised of two (2) 2b/1ba units, four (4) 1b/1ba units, and two (2) 0b/1ba studio units. All of which, however, are spacious and have been meticulously maintained. Additionally, all of the units boasts hardwood flooring throughout and updated kitchens with granite countertops along with Juliette balconies. Recent improvements to the building consist of, but not limited to: a newer 800 Amp electric service, individual in-unit HVAC furnaces, updated copper plumbing, newer windows, as well as steel rear porch. 7650 S. Eggleston provides an investor with the opportunity to acquire a cash flowing asset with an in place cap rate of 10.01%. Simply by raising rents and occupying the building to maximum efficiency, an investor can realize a cap rate of nearly 11.7% and cash return over 25%.
Last Agent to Sell the Property
Aaron Sklar
Kiser Group Realty Inc License #475161507 Listed on: 07/21/2023
Co-Listed By
Noah Birk
Kiser Group Realty Inc License #475125864
Last Buyer's Agent
Aaron Sklar
Kiser Group Realty Inc License #475161507 Listed on: 07/21/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,195
Year Built
- Built in 1910
Home Design
- Garden Apartment
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Additional Features
- 2-Story Property
- Lot Dimensions are 50' x 133'
- Floor Furnace
Listing and Financial Details
- Tenant pays for electricity, heat
Community Details
Overview
- 8 Units
Building Details
- Electric Expense $388
- Fuel Expense $1,121
- Insurance Expense $3,880
- Maintenance Expense $2,400
- Manager Expense $3,506
- Other Expense $1,700
- Trash Expense $1,141
- Water Sewer Expense $3,266
- Operating Expense $27,097
- Gross Income $73,800
- Net Operating Income $43,014
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/03/2024 04/03/24 | Sold | $270,000 | -46.0% | -- | |
| 01/04/2024 01/04/24 | Pending | -- | -- | -- | |
| 10/30/2023 10/30/23 | Price Changed | $500,000 | -6.5% | -- | |
| 07/21/2023 07/21/23 | For Sale | $535,000 | +33.8% | -- | |
| 04/21/2021 04/21/21 | Off Market | $400,000 | -- | -- | |
| 01/20/2021 01/20/21 | Sold | $400,000 | -2.4% | -- | View Prior Sale |
| 11/20/2020 11/20/20 | Pending | -- | -- | -- | |
| 10/20/2020 10/20/20 | For Sale | $410,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,599 | $42,701 | $6,318 | $36,383 |
| 2024 | $8,599 | $42,701 | $6,318 | $36,383 |
| 2023 | $8,382 | $40,755 | $4,156 | $36,599 |
| 2022 | $8,382 | $40,755 | $4,156 | $36,599 |
| 2021 | $8,195 | $40,754 | $4,156 | $36,598 |
| 2020 | $7,779 | $34,919 | $4,156 | $30,763 |
| 2019 | $7,016 | $34,919 | $4,156 | $30,763 |
| 2018 | $6,898 | $34,919 | $4,156 | $30,763 |
| 2017 | $6,310 | $29,310 | $3,823 | $25,487 |
| 2016 | $5,870 | $29,310 | $3,823 | $25,487 |
| 2015 | $5,371 | $29,310 | $3,823 | $25,487 |
| 2014 | $6,903 | $37,206 | $3,823 | $33,383 |
| 2013 | $6,767 | $37,206 | $3,823 | $33,383 |
Source: Public Records
Agents Affiliated with this Home
-
-
N
Seller Co-Listing Agent in 2024
Noah Birk
Kiser Group Realty Inc
-
J
Buyer's Agent in 2021
Jay Menzel
Coldwell Banker Real Estate Group
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11839148
APN: 20283120290000
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
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