A
Seller's Agent in 2022
Aaron Sklar
Kiser Group Realty Inc
7830 S East End Ave Chicago, IL 60649
South Shore Neighborhood
13
Beds
13
Baths
--
Sq Ft
1927
Built
About This Home
As of January 2022* 10.34% In-Place Cap. Rate * 25.21% In-Place Cash on Cash Return * Newer windows, porches, electric etc. * Significant room to push rents * Gross Operating Income $125,024 (with 5.00% Vacancy) * $77,578 NOI Property is a thirteen (13) unit walk-up located in Chicago's South Shore neighborhood. The subject site sits roughly two (2) blocks away from the Jackson Park Hospital and is conveniently located one (1) block away from all the public transit along the 79th street corridor. Additionally, the site is located in a federally designated opportunity zone. Property has a unique unit mix and strong rental base which is comprised of ten (10) spacious 1bd/ 1ba units and three (3) 2bd/1ba units. Furthermore, all the units have been cosmetically updated and feature modern, openly laid out kitchens, and also feature bathrooms with tubs. Recent and additional physicalcapital improvements to the building consist of, but not limited to: new electrical service (2016), new windows and lintels, newer porches, newer tuckpointing, and updated copper plumbing as needed.
Last Agent to Sell the Property
Aaron Sklar
Kiser Group Realty Inc License #475161507 Listed on: 01/28/2021
Co-Listed By
Noah Birk
Kiser Group Realty Inc License #475125864
Last Buyer's Agent
Noah Birk
Kiser Group Realty Inc License #475125864
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,314
Year Built
- Built in 1927
Bedrooms and Bathrooms
- 13 Bedrooms
- 13 Bathrooms
Additional Features
- 3-Story Property
- Lot Dimensions are 60' x 111'
- Radiator
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 13 Units
Building Details
- Electric Expense $2,432
- Fuel Expense $12,358
- Insurance Expense $6,704
- Maintenance Expense $5,525
- Manager Expense $6,548
- Other Expense $1,000
- Trash Expense $1,628
- Water Sewer Expense $3,756
- Operating Expense $55,165
- Gross Income $137,844
- Net Operating Income $75,787
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/31/2022 01/31/22 | Sold | $750,000 | -3.2% | -- |
| 08/04/2021 08/04/21 | Pending | -- | -- | -- |
| 05/21/2021 05/21/21 | For Sale | $775,000 | 0.0% | -- |
| 05/06/2021 05/06/21 | Pending | -- | -- | -- |
| 05/04/2021 05/04/21 | For Sale | $775,000 | +3.3% | -- |
| 04/28/2021 04/28/21 | Off Market | $750,000 | -- | -- |
| 03/16/2021 03/16/21 | For Sale | $775,000 | 0.0% | -- |
| 02/14/2021 02/14/21 | Pending | -- | -- | -- |
| 01/28/2021 01/28/21 | For Sale | $775,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Agents Affiliated with this Home
-
-
N
Seller Co-Listing Agent in 2022
Noah Birk
Kiser Group Realty Inc
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 10982908
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