8602 Muskegon Avenue, South Chicago, Chicago, Illinois 60617
$220,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 8 |
| Baths: | 0 |
| Year Built: | 1911 |
| Property Taxes: | $3,019 |
| Days On Market: | 2551 |
| Lot Size: | 0,07 |
Description
Newly rehabbed in 2017, come see this 4 unit building in the booming South Chicago neighborhood. Each unit features 2 bedrooms, 1 bathroom, large kitchens, laminate flooring and individually controlled heat. Also enjoy a 2 car garage, newer roof and mechanicals. The building has 3 of 4 units occupied currently and a perfect opportunity for the armchair investor or owner occupant to take on. Units have rented consistently between $800 - $850 for the past two years with the value add opportunity of adding laundry in the basement or central air (ductwork in place from furnaces currently). Financials provided are actual taxes, insurance and common area utilities and management. Also, projected repair/maintenance and reserves providing a healthy 12% cap rate with nearly 40k in gross income. Schedule your tour to view today.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1911 | |
| Full | |
| — | |
| No | |
| 0.07 |
| Cook | |
| — | |
| — / — | |
| — | |
| Lake Michigan | |
| Public Sewer | |
| 10295952 | |
| 21314220170000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 2 Sep, 2016 | Sold | $35,000 | MRED MLS |
| 3 Aug, 2016 | Under contract | $32,000 | MRED MLS |
| 13 Jun, 2016 | Listed for sale | $32,000 | MRED MLS |
| 30 Jul, 2019 | Sold | $220,000 | MRED MLS |
| 24 Jun, 2019 | Under contract | $225,000 | MRED MLS |
| — | Last price change | $235,000 | MRED MLS |
| 4 Mar, 2019 | Listed for sale | $235,000 | MRED MLS |
Room Specifics
Total Bedrooms: 8
Bedrooms Above Ground: 8
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: Unfinished
Other Specifics
| 2 | |
| — | |
| — | |
| — | |
| — | |
| 25X125 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2016 | $2,603 |
| 2019 | $3,019 |
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Listing Provided By
Zumper, Inc.
