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    6840 S Wabash Avenue S

    Chicago, IL 60637
    • $225,000
    • STATUS: Active Under Contract
    • ON SITE: 17 days
    • MLS #: 11099326
    Under Contract
    UPDATED: 49 min ago
    $225,000
    • 5
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1900
    County:

    School Ratings & Info

    School District:
    299

    Description

    Rare GREYSTONE 2 flat located in a commuter's paradise! Gross annual rental income of $27,000. Strong cap rate of 10.9% with the potential for growth. This investment opportunity is adjacent to a plethora of public transit. Within 1/2 block to the 69th street CTA Red Line stop. Right off of the Dan Ryan Expressway & Chicago Skyway Expressway. And more bus routes than I can fit in this description. This greystone, built in 1900, still has much of it's original woodwork including some original built in shelving. The woodwork was refurbished in 2009. Each apartment has hardwood throughout. The first floor unit is a spacious 2 bed 1 bath that features a separate kitchen, dining, and living room. The second floor unit is a 3 bed 1 bath that features a separate kitchen, dining, and living room. Both units have plenty of closet space. This potential "cash cow" even has an updated rear back porch that was redone by the previous owner. The basement has 2 entrances (rear & side), which gives a opportunity with proper permits and zoning changes to add another 1-2 bedroom in the basement. The electric service to the building was upgraded to 200 amp in 2011. The building is even individually metered for electric, gas, and forced heat by the following: common, unit 1, and unit 2. With the large backyard there is opportunity for your ideas. If building a garage is too big of a task, you could make a quick improvement by adding separate a/c units or washer and dryers. Invest smart and tour this building before it's gone.

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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 2021-06-12T12:53:45.28 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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    6840 S Wabash Avenue S Chicago, IL 60637

    • Price: $225,000
    • Status: Active Under Contract
    • Updated: 49 min ago
    • MLS #: 11099326
    5
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    1900
    Built
    Neighborhood:
    Chi - Greater Grand Crossing
    County:
    Cook
    Area:
    Chi - Greater Grand Crossing
    School District:
    299
    Property Description
    Rare GREYSTONE 2 flat located in a commuter's paradise! Gross annual rental income of $27,000. Strong cap rate of 10.9% with the potential for growth. This investment opportunity is adjacent to a plethora of public transit. Within 1/2 block to the 69th street CTA Red Line stop. Right off of the Dan Ryan Expressway & Chicago Skyway Expressway. And more bus routes than I can fit in this description. This greystone, built in 1900, still has much of it's original woodwork including some original built in shelving. The woodwork was refurbished in 2009. Each apartment has hardwood throughout. The first floor unit is a spacious 2 bed 1 bath that features a separate kitchen, dining, and living room. The second floor unit is a 3 bed 1 bath that features a separate kitchen, dining, and living room. Both units have plenty of closet space. This potential "cash cow" even has an updated rear back porch that was redone by the previous owner. The basement has 2 entrances (rear & side), which gives a opportunity with proper permits and zoning changes to add another 1-2 bedroom in the basement. The electric service to the building was upgraded to 200 amp in 2011. The building is even individually metered for electric, gas, and forced heat by the following: common, unit 1, and unit 2. With the large backyard there is opportunity for your ideas. If building a garage is too big of a task, you could make a quick improvement by adding separate a/c units or washer and dryers. Invest smart and tour this building before it's gone.
    Exterior Features

    Architectural Style Greystone Exterior Building Type BrickStone Exterior Features Porch Foundation Details Stone Lot Features Fenced YardSidewalksStreetlights Number Of Cars 0 Parking None Roof RubberFlat Unit1 Floor Level 1 Unit2 Floor Level 2 Waterfront YN No

    Interior Features

    3 Bedroom Unit In Building Yes Appliances Features Unit1 StoveRefrigeratorHardwood Floors Appliances Features Unit2 StoveRefrigeratorHardwood Floors Basement FullWalkout Basement Description Unfinished Bathrooms Total Integer 2 Bedrooms Below Grade 0 Bedrooms Possible 5 Full Baths In Building 2 Full Baths In Unit1 1 Full Baths In Unit2 1 Half Baths In Building 0 Half Baths In Unit1 0 Half Baths In Unit2 0 Heating Natural GasForced Air Number Of Bedrooms Unit1 2 Number Of Bedrooms Unit2 3 Number Of Rooms Unit1 5 Number Of Rooms Unit2 6 Other Equipment Multiple Water Heaters Rooms Total 11

    Property Features

    Additional Parcels YN No Age Description 100+ Years Built Before1978 YN Yes Community Features ParkCurbsSidewalksStreet LightsStreet Paved Corporate Limits Chicago General Information Commuter BusCommuter TrainInterstate Access Gross Income 27000 Lease Exp Date Mo Yr Unit1 Mtm Lease Exp Date Mo Yr Unit2 Mtm Lot Size Less Than .25 Acre Lot Size Dimensions 25 X 163.1 Net Operating Income 24000 New Construction YN No Property Sub Type 2 Flat Rebuilt YN No Rehab Year 2018 Rehab YN Yes Security Deposit Unit1 Tbd Security Deposit Unit2 Tbd Sewer Public Sewer Special Assessments N Special Listing Conditions None Special Service Area N Tax Annual Amount 1746.58 Tax Year 2019 Tenant Pays Unit1 ElectricGasHeat Tenant Pays Unit2 ElectricGasHeat Total Rental Income 2250 Unit1 Rent 1000 Unit2 Rent 1250 Water Source Public Zoning Multi

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Coldwell Banker 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 Littlefield Group | Keller Williams Realty. Based on information submitted to the MRED as of 2021-06-12T12:53:45.28 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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