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7956 S Normal Avenue

Chicago, IL 60620
  • $525,000
  • STATUS: Active
  • ON SITE: 12 Days
  • MLS #: 11271236
UPDATED: 50 min ago
$525,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1927
County:

School Ratings & Info

Description

VALUE ADD OPPORTUNITY with this 6 figure producing 13 unit in West Chatham. 11 one-bedrooms, 2 studios, and 1 non-conforming two-bedroom. Improvements include Newer Roof, newer windows, new rear porches/ stairs. Rents are below market, but can easily be moved up to a higher rate with some cosmetic updates. High income producing building and perfect opportunity to pick up a hot investment at over 11% cap rate. Steps from Westcott Elementary, Simeon High School, and in the middle of three parks!

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© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-29T19:00:34.413 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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 properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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7956 S Normal Avenue Chicago, IL 60620

  • Price: $525,000
  • Status: Active
  • On Site: 12 Days
  • Updated: 50 min ago
  • MLS #: 11271236
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1927
Built
Neighborhood:
Chi - Chatham
County:
Cook
Area:
Chi - Chatham
Property Description
VALUE ADD OPPORTUNITY with this 6 figure producing 13 unit in West Chatham. 11 one-bedrooms, 2 studios, and 1 non-conforming two-bedroom. Improvements include Newer Roof, newer windows, new rear porches/ stairs. Rents are below market, but can easily be moved up to a higher rate with some cosmetic updates. High income producing building and perfect opportunity to pick up a hot investment at over 11% cap rate. Steps from Westcott Elementary, Simeon High School, and in the middle of three parks!
Exterior Features

Exterior Building Type Brick Parking Total 0

Interior Features

Heat Ventilation Radiators

Property Features

Additional Parcels YN No Approximate Age 36-50 Years Built Before1978 YN Yes Gross Income 104676 Gross Scheduled Income 104676 Insurance Expense 3353 Maintenance Expense 0 Net Operating Income 61544 Operating Expense 34318 Ownership Types Individual Possible Use CommercialMulti-Family Tax Annual Amount 8813.8 Tax Year 2019 Tenant Pays Electricity Total Monthly Income 8845 Township South Chicago Type Multi Family 5+ Zoning Multi

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Dream Town Realty.


© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-29T19:00:34.413 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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 properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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Keller Williams Realty
2401 East Empire
Bloomington IL, 61704