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7270 S South Shore Drive

Chicago, IL 60649
  • $5,200,000
  • STATUS: Active
  • ON SITE: 99 Days
  • MLS #: 11204375
UPDATED: 37 min ago
$5,200,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1920
County:

School Ratings & Info

Description

100% Occupied with Strong In-Place Cash Flow - 2020 NOI Projected 2021 NOI NO Delinquency - 52 Units in the Heart of Pristine South Shore - Full Gut Rehab in 2018 - Armchair Investment with Room to Grow, 18 Existing Surface Parking Spots (Max 22), Fully Upgraded Electric with Room for Two Additional Meters (1600 Amp to Building), New Copper Plumbing, Tear Off Roofs with Silver Coat, New Hot Water Tanks - EVERYTHING Renovated 2018/2019 - Tenants Pay Heat/Electric Baseboard - Owner Pays Gas/Cable/Wifi; On-Site Manager and Dedicated Management Office Space with Security Cameras,, Three Common Area Baths, Sweeping Views from Roof Deck and Adjacent Penthouse Lounge with Fireplace, Adjacent to Lake Shore Drive, Historic Jackson Park, South Shore Cultural Center, Seven minutes from the soon to open prestigious Obama Center Museum

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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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7270 S South Shore Drive Chicago, IL 60649

  • Price: $5,200,000
  • Status: Active
  • On Site: 99 Days
  • Updated: 37 min ago
  • MLS #: 11204375
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1920
Built
Neighborhood:
Chi - South Shore
County:
Cook
Area:
Chi - South Shore
Property Description
100% Occupied with Strong In-Place Cash Flow - 2020 NOI Projected 2021 NOI NO Delinquency - 52 Units in the Heart of Pristine South Shore - Full Gut Rehab in 2018 - Armchair Investment with Room to Grow, 18 Existing Surface Parking Spots (Max 22), Fully Upgraded Electric with Room for Two Additional Meters (1600 Amp to Building), New Copper Plumbing, Tear Off Roofs with Silver Coat, New Hot Water Tanks - EVERYTHING Renovated 2018/2019 - Tenants Pay Heat/Electric Baseboard - Owner Pays Gas/Cable/Wifi; On-Site Manager and Dedicated Management Office Space with Security Cameras,, Three Common Area Baths, Sweeping Views from Roof Deck and Adjacent Penthouse Lounge with Fireplace, Adjacent to Lake Shore Drive, Historic Jackson Park, South Shore Cultural Center, Seven minutes from the soon to open prestigious Obama Center Museum
Exterior Features

Exterior Building Type Brick Outdoor Parking 19-30 Spaces Parking Total 18 Roof Structure Flat

Interior Features

Basement Unfinished Cooling Exhaust Fan Fireplaces Total 1 Heat Ventilation ElectricBaseboardSeparate Per Unit Miscellaneous Inside AtriumCommon Meeting Room/SElevator/S FreightElevator/S Passenger Number Of Dishwashers 52 Number Of Dryers 4 Number Of Ranges 52 Number Of Washers 5

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 40000 Built Before1978 YN Yes Current Use Multi-Family Electric Over 600 Amps Gross Income 572160 Gross Scheduled Income 582360 Insurance Expense 15942 Maintenance Expense 24700 Net Operating Income 418483 Operating Expense 138337 Tax Annual Amount 40490.6 Tax Year 2020 Tenant Pays ElectricityHeat Total Monthly Income 47680 Township Stickney Type Multi Family 5+ Zoning Multi

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Kale 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 2021-12-08T13:00:54.43 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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2441 Village Green Place
Champaign IL, 61822