7627 Phillips Avenue

    Chicago, IL 60649
    • $450,000
    • STATUS: Active
    • ON SITE: 51 days
    • MLS #: 09905832
    $450,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1914
    County:

    School Ratings & Info

    Description

    Welcome to Chicago's famous South Shore neighborhood! Excellent opportunity to acquire a fully rented, turn-key brick 6 unit residential multi-unit! 13.4% cap rate! $60,336 annual net operating income! This well-managed cash flow machine also includes a 6 car garage and an additional 1 bedroom garden unit that is currently rented for $750 per month. All financials updated as of April 2018. Park your cash here and receive a 13.4% return on your investment annually! Many exciting national developments occurring in the South Shore area including the new Obama Presidential Center! There is plenty of cash flow and upside here, take advantage now!

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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/82307667

    7627 Phillips Avenue Chicago, IL 60649

    • Price: $450,000
    • Status: Active
    • MLS #: 09905832
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1914
    Built
    Neighborhood:
    Chi - South Shore
    County:
    Cook
    Area:
    Chi - South Shore
    Property Description
    Welcome to Chicago's famous South Shore neighborhood! Excellent opportunity to acquire a fully rented, turn-key brick 6 unit residential multi-unit! 13.4% cap rate! $60,336 annual net operating income! This well-managed cash flow machine also includes a 6 car garage and an additional 1 bedroom garden unit that is currently rented for $750 per month. All financials updated as of April 2018. Park your cash here and receive a 13.4% return on your investment annually! Many exciting national developments occurring in the South Shore area including the new Obama Presidential Center! There is plenty of cash flow and upside here, take advantage now!
    Exterior Features

    Construction Brick Foundation Concrete Lot Dimensions 58X124 Lot Sq Ft 7128 Number Of Parking Spaces 6 Roof Structure Flat

    Interior Features

    Basement Description Slab Indoor Parking 6-12 SpacesDetached Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Type7 0 Number Of Bedrooms Unit1 2 Number Of Bedrooms Unit2 1 Number Of Bedrooms Unit3 0 Number Of Bedrooms Unit4 0 Number Of Full Bathrooms Type1 1 Number Of Full Bathrooms Type2 1 Number Of Rooms Unit Five 0 Number Of Rooms Unit Four 0 Number Of Rooms Unit Six 0 Number Of Rooms Unit1 6 Number Of Rooms Unit2 5 Number Of Rooms Unit3 0 Number Of Rooms Unit7 0 Number Of Stories 3 Number Of Units Apt Type1 6 Number Of Units Apt Type2 1 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 Current Use Residential-Multi-Family Electric Expense Source Actual Electricity Expense 1620 Expense Year 2018 Exterior Building Type Brick Fuel Expense 7440 Fuel Expense Source Actual Gross Rental Income Amount 78660 Heat Ventilation Gas Insurance Expense 0 Insurance Expense Source Actual Janitor Expense 0 Janitor Expense Source Actual Monthly Income Max1 950 Monthly Income Max2 750 Net Oper Income Amount 60336 Net Operating Income Year 2018 Other Expenses 0 Possession ClosingImmediate Sale Terms Conventional Tax Year 2016 Taxes 4763.8 Tenant Pays Electric Total Annual Exp 18324 Total Annual Expense Source Actual Total Annual Income 78660 Total Monthly Income 6555 Township Hyde Park Type Multi Family Flats Water Expense 3480 Water Expense Source Actual 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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