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7401 S Wabash Avenue

Chicago, IL 60619
  • $1,575,000
  • STATUS: Active Under Contract
  • ON SITE: 620 days
  • MLS #: 10579193
Under Contract
$1,575,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
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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© 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 2021-08-02T23:52:03.547 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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7401 S Wabash Avenue Chicago, IL 60619

  • Price: $1,575,000
  • Status: Active Under Contract
  • MLS #: 10579193
0
Beds
0
Baths
0
½ Baths
0.25
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 Materials Brick Foundation Details Concrete Perimeter Frontage Type City StreetPublic Road Land Amenities Curbs And GuttersLighting/ExteriorSidewalksCable Ready Location CornerPublic Transport Avail Miscellaneous Outside Security LightingStorms And Screens (As Exist) Parking Total 0

Interior Features

Basement Description UnfinishedExterior Access Cooling None Electric Over 600 Amps Fire Protection Smoke Or Fire ProtectorsCarbon Monoxide Detector(S) Heat Ventilation Forced Air Miscellaneous Inside Inside Corridor/SLaundry Room Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 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 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

Property Features

Additional Parcels YN No Built Before1978 YN Yes Current Use Multi-Family Electric Expense 120 Expense Year 2018 Exterior Building Type Brick Fuel Expense 50 Gross Income 14125 Gross Scheduled Income 171900 Insurance Expense 436 Janitor Expense 150 Lot Size Dimensions 10787 Maintenance Expense 100 Monthly Income Max1 1350 Monthly Income Max2 1200 Net Operating Income Year 2018 Operating Expense 45576 Other Expense 0 Possible Use Multi-Family Tax Annual Amount 11050 Tax Year 2018 Tenant Pays ElectricityHeatHot Water Total Monthly Income 14325 Trash Expense 150 Type Multi Family Garden Complex Unincorporated YN No Utilities Water To Site Washer Dryer Leased YN No Water Sewer Expense 450 Zoning Multi

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Halsted Taylor Real Estate.


© 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 2021-08-02T23:52:03.547 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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