7200 Artesian Avenue

    Chicago, IL 60629
    • $325,000
    • STATUS: Active Under Contract
    • ON SITE: 95 days
    • MLS #: 09861348
    Under Contract
    UPDATED: 217 min ago
    $325,000
    • 0
      BEDS
    • 0.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1927
    County:

    School Ratings & Info

    Description

    This cash flow machine is up for election and looking for a new President! This 8 unit brick multi-family in the Marquette Park neighborhood of Chicago is newly renovated with only 3 vacant units! All units are 1 bed, 1 bath! $5,145 per month in rental revenue! 10.3% cap rate! $61,740 in gross annual rental income! Over $33,000 in net operating income! Tenants pay their own water and electric! Located in an excellent area that is surrounded by single family homes! Investors, the numbers speak for themselves, please act swiftly as this opportunity is priced to sell quickly! Seller also has property located at 7040 S. Emerald Ave in Chicago. Offering discount if both properties are sold as a package deal!

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    © 2018 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 the MLS or Coldwell Banker Residential Brokerage. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Coldwell Banker Residential Brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. 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. Data last updated: 2018-05-26T23:51:47.913.

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    www.schwabegroup.com/homes/80900164

    7200 Artesian Avenue Chicago, IL 60629

    • Price: $325,000
    • Status: Active Under Contract
    • Updated: 217 min ago
    • MLS #: 09861348
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.08
    Acres
    1927
    Built
    Neighborhood:
    Chi - Chicago Lawn
    County:
    Cook
    Area:
    Chi - Chicago Lawn
    Property Description
    This cash flow machine is up for election and looking for a new President! This 8 unit brick multi-family in the Marquette Park neighborhood of Chicago is newly renovated with only 3 vacant units! All units are 1 bed, 1 bath! $5,145 per month in rental revenue! 10.3% cap rate! $61,740 in gross annual rental income! Over $33,000 in net operating income! Tenants pay their own water and electric! Located in an excellent area that is surrounded by single family homes! Investors, the numbers speak for themselves, please act swiftly as this opportunity is priced to sell quickly! Seller also has property located at 7040 S. Emerald Ave in Chicago. Offering discount if both properties are sold as a package deal!
    Exterior Features

    Construction BrickConcrete Foundation Concrete Frontage Access City Street Land Amenities Curbs And GuttersSecurity EntranceSidewalks Lot Dimensions 30X120 Lot Sq Ft 3600 Number Of Parking Spaces 0 Roof Coverings Rubber Roof Structure Flat

    Interior Features

    Air Conditioning None Basement Description UnfinishedCellarExterior Access Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Type7 0 Number Of Bedrooms Unit1 1 Number Of Bedrooms Unit2 0 Number Of Bedrooms Unit3 0 Number Of Bedrooms Unit4 0 Number Of Full Bathrooms Type1 1 Number Of Rooms Unit Five 0 Number Of Rooms Unit Four 0 Number Of Rooms Unit Six 0 Number Of Rooms Unit1 4 Number Of Rooms Unit2 0 Number Of Rooms Unit3 0 Number Of Rooms Unit7 0 Number Of Stories 2 Number Of Units Apt Type1 8 Number Of Units Apt Type2 0 Number Of Units Apt Type3 0 Number Of Units Apt Type4 0 Number Of Units Apt Type5 0 Number Of Units Apt Type6 0 Number Of Units Apt Type7 0 Repairs Decor Expense 0

    Property Features

    Age Older Built Before1978 YN Yes Contingency Flag Attorney/Inspection Current Use Residential-Multi-Family Electric Expense Source Actual Electrical Service Circuit Breakers Electricity Expense 0 Expense Year 2017 Exterior Building Type Brick Fuel Expense 0 Gross Rental Income Amount 61740 Heat Ventilation RadiatorsSteam Insurance Expense 0 Janitor Expense 0 Miscellaneous Outside Enclosed PorchEnclosed StairsStorms And Screens (As Exist) Monthly Income Max1 750 Net Oper Income Amount 33360 Net Operating Income Year 2017 Other Expenses 0 Possession ClosingImmediate Sale Terms ConventionalFhaVa Tax Year 2016 Taxes 6307.69 Tenant Pays ElectricWater/Sewer Total Annual Exp 28380 Total Annual Income 33360 Total Monthly Income 5145 Township Lake Type Multi Family Corridor-Interior Entrance Water Expense 0 Zoning Type Multi

    Listing information © 2018 Midwest Real Estate Data LLC.
    Listing provided courtesy of Keller Williams Premiere Properties.


    © 2018 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 the MLS or Coldwell Banker Residential Brokerage. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Coldwell Banker Residential Brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. 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. Data last updated: 2018-05-26T23:51:47.913.

    Digital Millennium Copyright Act
     
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