NOT LISTED FOR SALE

7959 S Eberhart Ave Chicago, IL 60619

Chatham Neighborhood
12 Beds
6 Baths
6,349 Sq Ft
5,730 Sq Ft Lot

Last Sold October 06, 2023

Last sale price $537,114 $85 Per Sq Ft

42 Days on Market

About This Home

As of October 2023

Fully Occupied Turn Key 6 Unit Building! Convenient opportunity for an investor. 5 units Occupied with Subsidized voucher holders. 1 unit with market tenant. Each unit has individual Furnaces. Tenant pays their own electric and heat. Low utility expenses! Great Investment Opportunity! Coin Laundry in the basement. Two current vacancies have Pending Cha voucher applications. Once process is complete building will have 5 subsidized tenants and 1 market tenant.

Last Agent to Sell the Property

George Filippidis

Delta Realty, Corp. License #471020824 Listed on: 06/26/2023

Last Buyer's Agent

Rafay Qamar

Real Broker LLC License #475158420

Real Broker LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,457

Year Built

  • Built in 1928

Lot Details

  • 5,730 Sq Ft Lot
  • Lot Dimensions are 46 x 124

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 6,349 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $485
  • Fuel Expense $5,155
  • Insurance Expense $3,670
  • Trash Expense $936
  • Water Sewer Expense $5,500
  • Operating Expense $25,470
  • Gross Income $83,532
  • Net Operating Income $58,062

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,457

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1928
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,Show-Special Instructions
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 12
  • Basement Description: Unfinished
  • Fireplaces: 0
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Exterior Building Type: Brick
  • Roof Structure: Flat

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Central Heat/Indiv Controls,Gas

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 936
  • Water Sewer Expenses: 5500

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.13
  • Lot Dimensions: 46 X 124
  • Lot Size Sq Ft: 5730
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 8

Building Info

  • BuildingAreaTotal: 6349

Multi Family

  • Net Operating Income: 58062
  • Fuel Expense: 5155
  • Insurance Expense: 3670
  • ElectricExpense: 485
  • GrossIncome: 83532
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 25470
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 5457.39
  • Tax Year: 2021

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 Prior Sale
10/06/2023 10/06/23 Sold $537,114 -2.3% $85 / Sq Ft
08/08/2023 08/08/23 Pending -- -- --
06/26/2023 06/26/23 For Sale $550,000 +79.2% $87 / Sq Ft
04/26/2021 04/26/21 Sold $307,000 +2.3% -- View Prior Sale
02/28/2021 02/28/21 Pending -- -- --
02/19/2021 02/19/21 For Sale $300,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11817052

Midwest Real Estate Data (MRED)

APN: 20342020180000