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    9200 S Ellis Avenue

    Chicago, IL 60619
    • $299,000
    • STATUS: Active
    • ON SITE: 109 days
    • MLS #: 11043377
    UPDATED: 49 min ago
    $299,000
    • 5
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1929
    County:

    School Ratings & Info

    School District:
    299

    Description

    **BUYER FINANCING FELL THROUGH**. 9200 S. Ellis is comprised of two (2) incredibly spacious 2bd/2ba and 2bd/1ba units boasting roughly 2,800 square feet of living space. 1st floor apartment is used as a duplex down or a bonus option to add in a completed 3rd basement unit. Both units have been renovated and equipped with updated kitchens and baths. Recent capital improvements to the building consist of, but not limited to: brand new hot water tank (2021), new fernace, and plumbing updates (2019). Additionally, there are in-unit laundry hook ups for washing and drying machines. Furthermore, there are (2) private garaged parking spots at the rear of the building which provide tenants an additional amenity. 9200 S. Ellis provides an investor with a unique opportunity to acquire a stabilized, 100% occupied, and strong cash flowing asset ($2,000.00 total per month in total rents) in Chicago's desirable pocket of Burnside. From day one, a new owner will capitalize on an incredibly strong, subsidized tenant base, and will realize an in place cap rate of 7.74% and a cash-on-cash return of over 31%.

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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 Helen Oliveri Real Estate. Based on information submitted to the MRED as of 2021-07-24T14:53:35.44 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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    9200 S Ellis Avenue Chicago, IL 60619

    • Price: $299,000
    • Status: Active
    • Updated: 49 min ago
    • MLS #: 11043377
    5
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1929
    Built
    Neighborhood:
    Chi - Burnside
    County:
    Cook
    Area:
    Chi - Burnside
    School District:
    299
    Property Description
    **BUYER FINANCING FELL THROUGH**. 9200 S. Ellis is comprised of two (2) incredibly spacious 2bd/2ba and 2bd/1ba units boasting roughly 2,800 square feet of living space. 1st floor apartment is used as a duplex down or a bonus option to add in a completed 3rd basement unit. Both units have been renovated and equipped with updated kitchens and baths. Recent capital improvements to the building consist of, but not limited to: brand new hot water tank (2021), new fernace, and plumbing updates (2019). Additionally, there are in-unit laundry hook ups for washing and drying machines. Furthermore, there are (2) private garaged parking spots at the rear of the building which provide tenants an additional amenity. 9200 S. Ellis provides an investor with a unique opportunity to acquire a stabilized, 100% occupied, and strong cash flowing asset ($2,000.00 total per month in total rents) in Chicago's desirable pocket of Burnside. From day one, a new owner will capitalize on an incredibly strong, subsidized tenant base, and will realize an in place cap rate of 7.74% and a cash-on-cash return of over 31%.
    Exterior Features

    Exterior Building Type Brick Garage On Site Yes Garage Ownership Owned Garage Type Detached Number Of Cars 2 Parking Garage Unit1 Floor Level 1 Unit2 Floor Level 2 Waterfront YN No

    Interior Features

    3 Bedroom Unit In Building Yes Appliances Features Unit1 StoveRefrigeratorCentral Air Conditioner Appliances Features Unit2 StoveRefrigeratorCentral Air Conditioner Basement FullWalkout Basement Description Unfinished Bathrooms Total Integer 3 Bedrooms Below Grade 0 Bedrooms Possible 5 Full Baths In Building 3 Full Baths In Unit1 1 Full Baths In Unit2 1 Half Baths In Building 0 Half Baths In Unit1 0 Half Baths In Unit2 0 Heating Natural GasForced Air Number Of Bedrooms Unit1 3 Number Of Bedrooms Unit2 2 Number Of Rooms Unit1 6 Number Of Rooms Unit2 4 Rooms Total 10

    Property Features

    Age Description 91-100 Years Built Before1978 YN Yes Corporate Limits Chicago General Information None Lease Exp Date Mo Yr Unit1 08/21 Lease Exp Date Mo Yr Unit2 Mtm Lot Size Less Than .25 Acre Lot Size Dimensions 4061 New Construction YN No Property Sub Type 2 Flat Rebuilt YN No Rehab Year 2019 Rehab YN Yes Security Deposit Unit1 0 Security Deposit Unit2 850 Sewer Public Sewer Special Assessments N Special Listing Conditions List Broker Must Accompany Special Service Area N Tax Annual Amount 2750.9 Tax Year 2019 Tenant Pays Unit1 ElectricGas Tenant Pays Unit2 ElectricGas Unit1 Rent 1150 Unit2 Rent 850 Water Source Lake MichiganPublic

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Re/Max 10.


    © 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 Helen Oliveri Real Estate. Based on information submitted to the MRED as of 2021-07-24T14:53:35.44 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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    Hawthorn Woods IL, 60047