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    7956 S Normal Avenue

    Chicago, IL 60620
    • $565,000
    • STATUS: Active
    • ON SITE: 38 days
    • MLS #: 11044295
    UPDATED: 88 min ago
    $565,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1927
    County:

    School Ratings & Info

    Description

    VALUE ADD OPPORTUNITY with this 6 figure producing 13 unit in West Chatham. 11 one-bedrooms, 2 studios, and 1 non-conforming two-bedroom. Improvements include Newer Roof, newer windows, new rear porches/ stairs. Rents are below market, but can easily be moved up to a higher rate with some cosmetic updates. High income producing building and perfect opportunity to pick up a hot investment at over 11% cap rate. Steps from Westcott Elementary, Simeon High School, and in the middle of three parks!

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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 Ani Real Estate. Based on information submitted to the MRED as of 2021-05-14T23:52:21.077 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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    7956 S Normal Avenue Chicago, IL 60620

    • Price: $565,000
    • Status: Active
    • Updated: 88 min ago
    • MLS #: 11044295
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1927
    Built
    Neighborhood:
    Chi - Chatham
    County:
    Cook
    Area:
    Chi - Chatham
    Property Description
    VALUE ADD OPPORTUNITY with this 6 figure producing 13 unit in West Chatham. 11 one-bedrooms, 2 studios, and 1 non-conforming two-bedroom. Improvements include Newer Roof, newer windows, new rear porches/ stairs. Rents are below market, but can easily be moved up to a higher rate with some cosmetic updates. High income producing building and perfect opportunity to pick up a hot investment at over 11% cap rate. Steps from Westcott Elementary, Simeon High School, and in the middle of three parks!
    Exterior Features

    Construction Materials Brick Parking Total 0

    Interior Features

    Heat Ventilation Radiators Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Unit1 1 Number Of Bedrooms Unit2 0 Number Of Bedrooms Unit3 2 Number Of Bedrooms Unit4 0 Number Of Full Bathrooms Type1 1 Number Of Full Bathrooms Type2 1 Number Of Full Bathrooms Type3 1 Number Of Rooms Unit Five 0 Number Of Rooms Unit Four 0 Number Of Rooms Unit Six 0 Number Of Rooms Unit1 3 Number Of Rooms Unit2 2 Number Of Rooms Unit3 4 Number Of Rooms Unit7 0 Number Of Units Apt Type1 11 Number Of Units Apt Type2 2 Number Of Units Apt Type3 1 Number Of Units Apt Type4 0 Number Of Units Apt Type5 0 Number Of Units Apt Type6 0 Number Of Units Apt Type7 0

    Property Features

    Additional Parcels YN No Built Before1978 YN Yes Cap Rate 11.7 Electric Expense 738 Expense Year 2018 Exterior Building Type Brick Fuel Expense 13019 Gross Income 104676 Gross Scheduled Income 104676 Insurance Expense 3353 Janitor Expense 1225 Lot Size Dimensions 25X125 Maintenance Expense 0 Monthly Income Max1 800 Monthly Income Max2 595 Monthly Income Max3 800 Net Operating Income Year 2018 Operating Expense 34318 Other Expense 0 Owners Assoc YN No Possible Use CommercialMulti-Family Tax Annual Amount 8813.8 Tax Year 2019 Tenant Pays Electricity Total Monthly Income 8845 Trash Expense 1831 Type Multi Family Corridor-Interior Entrance Water Sewer Expense 5321 Zoning Multi

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Dream Town 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 Ani Real Estate. Based on information submitted to the MRED as of 2021-05-14T23:52:21.077 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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