7401 Wabash Avenue

    Chicago, IL 60619
    • $1,680,000
    • STATUS: Active
    • ON SITE: 99 days
    • MLS #: 10579193
    $1,680,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1929
    County:

    School Ratings & Info

    Description

    Great investment opportunity in the Park Manor Neighborhood. All twelve (12) condo quality units have been completely gut renovated including, building mechanicals and common areas. The property is currently fully tenanted and has consistent cash flow month over month with an amazing tenant base. This is for serious long-term investors that understand the value in quality construction and asset stability. Buildings of this quality and location are extremely rare and are positioned for lifelong investors looking for consistency and financial stability. This large corner property is located blocks away from local shopping and public transportation. Property Highlights Include: Fully gut renovated large units, new building mechanicals throughout including framing, HVAC, insulation, electrical, plumbing, roof, and masonry. Separate utilities. New coin operated machines in laundry room. New plumbing throughout including water main and underground plumbing system. New vinyl windows/capping. New hardwood floors throughout. Sold with all new stainless-steel appliances. New 600-amp electrical service. Fully renovated common areas, fencing and sidewalks.

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    © 2020 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 Helen Oliveri Real Estate. Based on information submitted to the MRED as of 2020-02-28T23:51:10.983 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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    www.chicagolandexclusivehomes.com/homes/101189095

    7401 Wabash Avenue Chicago, IL 60619

    • Price: $1,680,000
    • Status: Active
    • MLS #: 10579193
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1929
    Built
    Neighborhood:
    Chi - Greater Grand Crossing
    County:
    Cook
    Area:
    Chi - Greater Grand Crossing
    Property Description
    Great investment opportunity in the Park Manor Neighborhood. All twelve (12) condo quality units have been completely gut renovated including, building mechanicals and common areas. The property is currently fully tenanted and has consistent cash flow month over month with an amazing tenant base. This is for serious long-term investors that understand the value in quality construction and asset stability. Buildings of this quality and location are extremely rare and are positioned for lifelong investors looking for consistency and financial stability. This large corner property is located blocks away from local shopping and public transportation. Property Highlights Include: Fully gut renovated large units, new building mechanicals throughout including framing, HVAC, insulation, electrical, plumbing, roof, and masonry. Separate utilities. New coin operated machines in laundry room. New plumbing throughout including water main and underground plumbing system. New vinyl windows/capping. New hardwood floors throughout. Sold with all new stainless-steel appliances. New 600-amp electrical service. Fully renovated common areas, fencing and sidewalks.
    Exterior Features

    Construction Brick Foundation Concrete Frontage Access City StreetPublic Road Land Amenities Curbs And GuttersLighting/ExteriorSidewalksCable Ready Location CornerPublic Transport Avail Lot Dimensions 10787 Lot Sq Ft 10787 Number Of Parking Spaces 0

    Interior Features

    Air Conditioning None Basement Description UnfinishedExterior Access Fire Protection Smoke Or Fire ProtectorsCarbon Monoxide Detector(S) Miscellaneous Inside Inside Corridor/SLaundry Room Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Type7 0 Number Of Bedrooms Unit1 3 Number Of Bedrooms Unit2 2 Number Of Bedrooms Unit3 0 Number Of Bedrooms Unit4 0 Number Of Dryers 2 Number Of Full Bathrooms Type1 1 Number Of Full Bathrooms Type2 1 Number Of Ranges 12 Number Of Refrigs 12 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 2 Number Of Units Apt Type1 4 Number Of Units Apt Type2 8 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 Number Of Washers 2 Repairs Decor Expense 100

    Property Features

    Age New Rehab Built Before1978 YN Yes Current Use Residential-Multi-Family Electric Expense Source Combination Electrical Service Over 600 Amps Electricity Expense 120 Expense Year 2018 Exterior Building Type Brick Fuel Expense 50 Fuel Expense Source Combination Gross Rental Income Amount 14125 Heat Ventilation Forced Air Insurance Expense 436 Insurance Expense Source Combination Janitor Expense 150 Janitor Expense Source Combination Miscellaneous Outside Security LightingStorms And Screens (As Exist) Monthly Income Max1 1350 Monthly Income Max2 1200 Net Oper Income Amount 126324 Net Operating Income Year 2018 Other Expenses 0 Possession ClosingImmediate Potential Use Residential-Multi-Family Sale Terms Conventional Tax Year 2018 Taxes 11050 Tenant Pays ElectricHeatHot Water Total Annual Exp 45576 Total Annual Expense Source Combination Total Annual Income 171900 Total Monthly Income 14325 Township Hyde Park Type Multi Family Garden Complex Unincorporated YN No Utilities To Site Water To Site Washer Dryer Lsd YN No Water Expense 450 Water Expense Source Combination Zoning Type Multi

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Halsted Taylor Real Estate.


    © 2020 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 Helen Oliveri Real Estate. Based on information submitted to the MRED as of 2020-02-28T23:51:10.983 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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