$1,250,000 $6,710 est/mo Sourced by Back At You

7800 S Coles Avenue,Chicago, IL 60649

Chicago IL, 60649

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Description

7800 S. Coles is a beautiful eleven (11) California-style building located in Chicago's historic South Shore Neighborhood. Right off of Lake Michigan and Rainbow Beach Park, the building sits within walking distance of an abundance of public transportation options. Additionally, for quick and convenient transportation, the asset is nearby to Chicago's Lake Shore Drive which provides tenants easy access to Chicago's downtown in roughly fifteen minutes. 7800 S. Coles is comprised of five (5) 1b/1ba and six (6) 2bd/1ba. The units all feature hardwood flooring throughout and updated LVP flooring where necessary. Furthermore, additional improvements to the building consist of but are not limited to, in-unit HVAC, all copper plumbing, an updated roof, laundry access for tenants, and a paved parking lot in the rear. 7800 S. Coles presents an investor with a unique opportunity to acquire a strong, positive cash-flowing building with an in-place cap rate of over 8.2%. Given the quality of the units coupled with the prime location, by releasing and increasing rents to levels already being achieved in the building, an investor could further improve cash returns.

Details

MLS#11987516
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1962
Days On Site97
Listing Provided ByKiser Group Realty Inc | Aaron Sklar

Features

Story(s)3
Units11

Market Activity 60649

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Learn More About This Property

StateIL
CountyCook
CityChicago
Zip Code60649
AreaCHI South Shore
Listing VS Median (in 60649)
Price:
$1,250,000
low | high
Med:
$139,000
100% of Average
On Site:
97
low | high
Med:
5
100% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 7:29:25 PM PDT