$110.15 Per Sq Foot $1,852 est/mo Sourced by Back At You

8927 S Muskegon Avenue,Chicago, IL 60617

Chicago IL, 60617

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Description

((Motivated Sellers just Dropped the price!)) Really Decent looking property with some Good Value Add, (still needs a bit of work)... ((8 unit / But its a Legal 6 unit & There's 2 Buildings on the property)). The property is located in South Chicago directly across the street from Bessemer Park with a great swimming pool and tennis courts and right around the corner from Baker College Prep. Several units have been renovated being unit 1B, 2B, 3A, 3B and the coach house units. All the decks have been updated and are to code. The building has some newer windows that have been installed over the past few years. The property does not have any violations and will pass all inspections. All utilities are separate and paid for by the tenants. The building is sitting at a decent cap rate of 7.14% now and that's with only 4 of the 8 units rented & occupied. If all units are rented & occupied the cap rate would be at least a solid 14% conservatively. ((48 HOURS NOTICE IS REQUIRED FOR ALL SHOWINGS PER ILLINOIS TENANTS RIGHTS))

Details

MLS#12034374
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1888
Days On Site39
Listing Provided ByCompass | David Mishel

Features

SQ Feet3,132
Story(s)3
Units8
ZoningMULTI
Acreage0.07

Market Activity 60617

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Learn More About This Property

StateIL
CountyCook
CityChicago
Zip Code60617
AreaCHI South Chicago
Listing VS Median (in 60617)
Price:
$345,000
low | high
Med:
$230,000
83.333333333333% of Average
SqFt:
3,132
low | high
Med:
2,239
78.512132822478% of Average
$ / SqFt:
$110
low | high
Med:
$103
56.744082179545% of Average
On Site:
39
low | high
Med:
61
63.934426229508% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $0 - $0
SqFt: 2,000 - 3,500
Nearby Listings Property ImageNearby Listings Details
9128 S Commercial Ave Property Photo 1
$0
9128 S Commercial Ave
Chicago, IL 60617
Listing Updated: May 23, 2024 at 2:52:22 PM PDT