NOT LISTED FOR SALE

8602 S Aberdeen St Chicago, IL 60620

Auburn Gresham Neighborhood
12 Beds
6 Baths
6,144 Sq Ft
6,252 Sq Ft Lot

Last Sold March 18, 2022

Last sale price $760,000 $124 Per Sq Ft

396 Days on Market

About This Home

As of March 2022

Turnkey Investment Property!! Excellent and quiet location in Gresham. Building has been expertly rehabbed already. Pictures represent how all 6 units currently look. Solid building mix with all 6 units being large 2 bedrooms. Gorgeous and Well Maintained Brick 6 Unit Building Nestled on a Corner Lot in residential Area that has strong leasing and rents! New Electrical Service, laundry room, and 2 new common hallways. Exterior Updates Include Newer Rear Porch, Newer Vinyl Windows, Tuck-Pointing and roof. The Property is Fully Occupied and cash flowing. The property is located in the City of Chicago Opportunity Zone!! Serious Inquiries Only--This is a solid armchair property for someone looking to invest their capital and not have to worry about future capital improvements

Last Agent to Sell the Property

Anthony Golob

Halsted Taylor Real Estate License #471015175 Listed on: 12/28/2020

Last Buyer's Agent

Jeannie Autry

Leverage Investments, LLC License #471010014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,789

Year Built

  • Built in 1921

Lot Details

  • 6,252 Sq Ft Lot
  • Lot Dimensions are 60 x 125

Home Design

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

Interior Spaces

  • 6,144 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Exterior Basement Entry

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Utilities

  • No Cooling
  • Central Heating
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $600
  • Fuel Expense $2,700
  • Insurance Expense $3,060
  • Maintenance Expense $1,500
  • Manager Expense $3,936
  • Other Expense $4,344
  • Trash Expense $1,200
  • Water Sewer Expense $2,100
  • Operating Expense $25,860
  • Gross Income $65,712
  • Net Operating Income $41,652

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,789

Year Built

Built in 1921

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: 2
  • Year Built: 1921
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,Short Notice OK,No Sign on Property
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 12
  • Possible Use: Multi-Family
  • Basement Description: Unfinished,Exterior Access
  • Fire Protection: Fire Extinguisher/s,Carbon Monoxide Detector(s)
  • Fireplaces: 1
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • List Price: 750000
  • Roof: Rubber
  • Exterior Building Type: Brick
  • Roof Structure: Flat
  • Misc Outside: Security Lighting,Storms and Screens (as exist)

Garage/Parking

  • Indoor Parking: 1-5 Spaces

Utilities

  • Cooling: None
  • Electric: Circuit Breakers
  • Utilities: Water-Municipal
  • Heat/Ventilation: Central Bldg Heat,Gas
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Manager Expense: 3936
  • Unincorporated (Y/N): No
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Association Fee Includes: None
  • Trash Expense: 1200
  • Water Sewer Expenses: 2100
  • Janitor Expense: 900
  • Operating Expense Includes: Capital Improvements,Fuel,Insurance,Maintenance,Manager,Snow Removal,Trash,Utilities,Vacancy Allowance,Water/Sewer,Electricity,Gas,Heat/Cooling,Real Estate Tax

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.14
  • Lot Dimensions: 60 X 125
  • Lot Size Sq Ft: 6252
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Security Entrance,Sidewalks

Rental Info

  • Tenant Pays: Electricity, Other
  • Board Number: 8
  • Tenancy Type: Month To Month

Building Info

  • BuildingAreaTotal: 6144
  • Building Unit Info: No Units Furnished

Multi Family

  • Net Operating Income: 41652
  • Fuel Expense: 2700
  • Insurance Expense: 3060
  • ElectricExpense: 600
  • GrossIncome: 65712
  • Maintenance Expense: 1500
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 25860
  • Expense Year: 2020
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 4789
  • Tax Year: 2019

Range of Values:

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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 Change Sq Ft Price
03/18/2022 03/18/22 Sold $760,000 +27.7% $124 / Sq Ft
01/28/2022 01/28/22 Pending -- -- --
08/24/2021 08/24/21 For Sale -- -- --
05/04/2021 05/04/21 For Sale -- -- --
05/03/2021 05/03/21 Pending -- -- --
02/18/2021 02/18/21 Price Changed $595,000 -6.3% $97 / Sq Ft
12/28/2020 12/28/20 For Sale $635,000 +72.6% $103 / Sq Ft
11/05/2019 11/05/19 Sold $368,000 +1.4% $60 / Sq Ft
09/25/2019 09/25/19 Pending -- -- --
09/10/2019 09/10/19 For Sale $363,000 -- $59 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Anthony Golob

    Halsted Taylor Real Estate

    (708) 351-3246

    2 in this area

    47 Total Sales

    Anthony Golob
    Section Image
  • Jeannie Autry

    Buyer's Agent in 2022

    Jeannie Autry

    Leverage Investments, LLC

    (815) 212-3932

    2 in this area

    84 Total Sales

    Jeannie Autry
    Section Image
  • James Mattz

    Seller's Agent in 2019

    James Mattz

    Keller Williams Preferred Rlty

    (708) 798-1111

    12 in this area

    404 Total Sales

    James Mattz
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10959267

Midwest Real Estate Data (MRED)

APN: 20324250150000

Illinois Cook County Chicago 60620 Auburn Gresham

8602 S Aberdeen St, Chicago, IL

This home is located at 8602 S Aberdeen St, Chicago, IL 60620 since 28 December 2020. This property was built in 1921. 8602 S Aberdeen St is a home located in Cook County with nearby schools including Gresham School of Excellence, Emil G. Hirsch Metropolitan High School, and Hansberry College Prep.

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