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2926 S Wallace Street

Chicago, IL 60616
  • $729,900
  • STATUS: Active
  • ON SITE: 67 Days
  • MLS #: 11234757
UPDATED: 77 min ago
$729,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1890
County:

School Ratings & Info

Description

Rare opportunity for a brick 6 unit building with room to improve pro forma rents. Each unit is a 2 bedroom and 1 bath. Rents currently underperforming because of long term tenants but new owner could add large amounts of value in a strong rental neighborhood. Currently the building grosses over $61,000 of rental income. 2 car brick garage creating additional income. All appliances stay with building. Tuckpointing and new roof are only 4 years old. Full unfinished basement for additional value. Healy District and close to shopping, public transportation and expressways makes this a very easy building to rent out.

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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 Littlefield Group | Keller Williams Realty. Based on information submitted to the MRED as of 2021-12-08T13:00:54.43 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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2926 S Wallace Street Chicago, IL 60616

  • Price: $729,900
  • Status: Active
  • On Site: 67 Days
  • Updated: 77 min ago
  • MLS #: 11234757
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1890
Built
Neighborhood:
Chi - Bridgeport
County:
Cook
Area:
Chi - Bridgeport
Property Description
Rare opportunity for a brick 6 unit building with room to improve pro forma rents. Each unit is a 2 bedroom and 1 bath. Rents currently underperforming because of long term tenants but new owner could add large amounts of value in a strong rental neighborhood. Currently the building grosses over $61,000 of rental income. 2 car brick garage creating additional income. All appliances stay with building. Tuckpointing and new roof are only 4 years old. Full unfinished basement for additional value. Healy District and close to shopping, public transportation and expressways makes this a very easy building to rent out.
Exterior Features

Exterior Building Type Brick Parking Total 2

Interior Features

Heat Ventilation Radiators

Property Features

Additional Parcels YN No Approximate Age Older Built Before1978 YN Yes Gross Income 61200 Gross Scheduled Income 0 Insurance Expense 3106 Maintenance Expense 0 Net Operating Income 41337 Operating Expense 7594 Tax Annual Amount 12269 Tax Year 2020 Tenant Pays ElectricityHeat Total Monthly Income 5100 Type Multi Family 5+

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Main Street Real Estate Group.


© 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 Littlefield Group | Keller Williams Realty. Based on information submitted to the MRED as of 2021-12-08T13:00:54.43 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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