9.7% In-Place Cap Rate with potential to increase current below market rents. Gross Income $82.464. All brick 8 unit in Grand Crossing neighborhood. Less than block away from the 71st & Eberhart bus stop, blocks away from Chicago’s 69th train stop, this property sits between the I-94 Express and I-90 interstate which both provide for quick and convenient transportation. This 8 unit has a unique unit mix of apartments and is comprised of two 3Bd/2Ba units, two 2Bd/1Ba unit, and four 0/1Ba studios. All have hardwood flooring throughout with an open style concept. This property has been well kept and is ready for its next investor or owner occupant. Property is being sold As-Is.
Property Details
Price:
$410,000
MLS #:
MRD12064733
Status:
Active
Beds:
8
Baths:
5
Type:
Commercial
Neighborhood:
chigreatergrandcrossing
Listed Date:
May 24, 2024
Year Built:
1927
Schools
Interior
Cooling
None
Exterior
Stories
2
Financial
Tax Year
2022
Taxes
$1,769
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Beth is originally from Southern Illinois where she attended SIU-Carbondale and relocated to the area over 15 years ago. Her husband Mike grew up in Spring Valley, Illinois and they moved to Putnam County 7 years ago. Beth is passionate about real estate, and her love for “fixer-uppers” definitely came from her father. “I grew up hanging out at the local lumber yard that my father managed. I loved looking through blueprints and also tagging along with him to check on his rentals and inves…
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7157 S Eberhart Avenue
Chicago, IL