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4755 S Wolcott Avenue

Chicago, IL 60609
  • $385,000
  • STATUS: Active Under Contract
  • ON SITE: 40 days
  • MLS #: 11136730
Under Contract
UPDATED: 62 min ago
$385,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1911
County:

School Ratings & Info

Description

Welcome to 4755 S Wolcott! This turn key investment property in the Back of the Yards neighborhood is ready for a new owner. The current owner has loved and cared for this property for many years and is now ready to retire. This strong building features 6 units: Each with 2 beds, 1.0 bath, living room, dining/kitchen combo. Gated car port in the rear (off alley) can fit 2 cars. Long term renters all month-to-month, rents could be higher but still boasts a 10% cap rate. Brand new tear-off roof just completed now in June 2021. Everything in the building is solid and no need to invest in fixing anything! Owner's expenses are super low paying only common electric, water, insurance and property taxes; tenant's pay the rest of their own utilities. This is an arm-chair investment that is set up to pay dividends for years to come! Be among the first to view this gem and get a great deal!

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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 John Lyons Real Estate | Baird & Warner. Based on information submitted to the MRED as of 2021-08-05T08:51:05.333 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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4755 S Wolcott Avenue Chicago, IL 60609

  • Price: $385,000
  • Status: Active Under Contract
  • Updated: 62 min ago
  • MLS #: 11136730
0
Beds
0
Baths
0
½ Baths
0.07
Acres
1911
Built
Neighborhood:
Chi - New City
County:
Cook
Area:
Chi - New City
Property Description
Welcome to 4755 S Wolcott! This turn key investment property in the Back of the Yards neighborhood is ready for a new owner. The current owner has loved and cared for this property for many years and is now ready to retire. This strong building features 6 units: Each with 2 beds, 1.0 bath, living room, dining/kitchen combo. Gated car port in the rear (off alley) can fit 2 cars. Long term renters all month-to-month, rents could be higher but still boasts a 10% cap rate. Brand new tear-off roof just completed now in June 2021. Everything in the building is solid and no need to invest in fixing anything! Owner's expenses are super low paying only common electric, water, insurance and property taxes; tenant's pay the rest of their own utilities. This is an arm-chair investment that is set up to pay dividends for years to come! Be among the first to view this gem and get a great deal!
Exterior Features

Construction Materials Brick Foundation Details Brick/Mortar Outdoor Parking 1-5 Spaces Parking Total 2 Roof Composition Roof Structure Pitched

Interior Features

Basement Description None Cooling None Electric Circuit Breakers Fireplaces Total 0 Heat Ventilation Forced Air Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Unit1 2 Number Of Bedrooms Unit2 0 Number Of Bedrooms Unit3 0 Number Of Bedrooms Unit4 0 Number Of Dishwashers 0 Number Of Disposals 0 Number Of Dryers 0 Number Of Full Bathrooms Type1 1 Number Of Ranges 0 Number Of Refrigs 0 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 Units Apt Type1 6 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 Number Of Washers 0 Number Of Window Ac 0

Property Features

Additional Parcels YN No Association Fee Includes Water Built Before1978 YN Yes Cap Rate 10 Current Use Multi-Family Electric Expense 240 Expense Year 2019 Exterior Building Type Brick Fuel Expense 0 Gross Income 3900 Gross Scheduled Income 46800 Insurance Expense 2000 Janitor Expense 0 Known Encumbrances None Known Lot Size Dimensions 25' X 125' Maintenance Expense 0 Monthly Income Max1 750 Net Operating Income Year 2019 Operating Expense 7770 Other Expense 0 Owners Assoc YN No Possible Use Multi-Family Tax Annual Amount 2529.66 Tax Year 2019 Tenant Pays ElectricityHeat Total Monthly Income 3900 Trash Expense 0 Type Multi Family Flats Utilities Water-Municipal Water Sewer Expense 3000 Zoning Multi

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Coldwell Banker 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 John Lyons Real Estate | Baird & Warner. Based on information submitted to the MRED as of 2021-08-05T08:51:05.333 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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