$240,000
$275,000
12.7%For more information regarding the value of a property, please contact us for a free consultation.
8833 S Exchange AVE Chicago, IL 60617
3,040 SqFt
Key Details
Sold Price $240,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 3,040 sqft
Price per Sqft $78
MLS Listing ID 11771461
Year Built 1898
Annual Tax Amount $1,311
Tax Year 2021
Property Description
Fully rented 6-unit building in South Chicago. All units are 2 bed, 1 bath. Tenants pay for their own electric and gas with individual furnaces. All brick building with 3 units in front and 3 units in rear. Gated backyard could easily accommodate 6 cars though right now it acts a boat and supplies storage for one of the tenants. Rents are slightly below market and one of the units is substantially under market in kind for for maintenance duties on the property. At the current rents this property is at 6.2 GRM and over 12% ROI with substantial room to increase the rents! Low taxes with a very low Cook County valuation.
Location
State IL
County Cook
Area Chi - South Chicago
Zoning MULTI
Interior
Cooling None
Building
Structure Type Brick
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Joseph Konney • Top Care Realty LLC