Skip To Content

8037 S Houston Avenue

Chicago, IL 60617
  • $123,667
  • STATUS: Active
  • ON SITE: 8 Days
  • MLS #: 11403675
UPDATED: 58 min ago
$123,667
  • 7
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1893
County:

School Ratings & Info

School District:
299

Description

$742,000 PACKAGE PRICE! WE ARE PLEASED TO PRESENT AN OUTSTANDING VALUE-ADD OPPORTUNITY: A PORTFOLIO OF 13 UNITS OVER 6 PROPERTIES CONSISTING OF FIVE 2-FLATS + ONE 3-FLAT WITH 50 BEDS & 15 BATHS. ALL HAVE INDIVIDUAL GFAS AND MOST OF THE CAP-X DONE IN THE LAST 3 YEARS. AVAILABLE ON AN 'ALL-OR-NONE BASIS.' MOST ARE IN CHA (SECTION-8) RENTAL SERVICE. THE PORTFOLIO FEATURES A 15% IN-PLACE CAP RATE (24% PRO-FORMA). LOW/NO CAP-X REQUIRED AND SOLID RENTAL UPSIDE! AVAILABLE ADDRESSES ARE: 10801 S HOXIE, 8037 S HOUSTON, 8408 S EXCHANGE, 2861 E 93RD ST, 8322 S BAKER & 8457 S BRANDON. SEE THE ONE PAGE OVERVIEW UNDER THE ADDITIONAL INFORMATION TAB. PLEASE NOTE: ALSO AVAILABLE AS A 'ONE-OFF' IS MLS#: 11326610 217 N. KARLOV AN OPERATING 2-FLAT IN GARFIELD PARK WITH $15,000/YR. IN GPI FOR $127,000!

Monthly Payment Calculator



© 2022 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 2022-05-22T08:58:46.6 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
www.johnlyonsrealestate.com/homes/128692973
Print Image

8037 S Houston Avenue Chicago, IL 60617

  • Price: $123,667
  • Status: Active
  • On Site: 8 Days
  • Updated: 58 min ago
  • MLS #: 11403675
7
Beds
0
Baths
0
½ Baths
N/A
Acres
1893
Built
Neighborhood:
Chi - South Chicago
County:
Cook
Area:
Chi - South Chicago
School District:
299
Property Description
$742,000 PACKAGE PRICE! WE ARE PLEASED TO PRESENT AN OUTSTANDING VALUE-ADD OPPORTUNITY: A PORTFOLIO OF 13 UNITS OVER 6 PROPERTIES CONSISTING OF FIVE 2-FLATS + ONE 3-FLAT WITH 50 BEDS & 15 BATHS. ALL HAVE INDIVIDUAL GFAS AND MOST OF THE CAP-X DONE IN THE LAST 3 YEARS. AVAILABLE ON AN 'ALL-OR-NONE BASIS.' MOST ARE IN CHA (SECTION-8) RENTAL SERVICE. THE PORTFOLIO FEATURES A 15% IN-PLACE CAP RATE (24% PRO-FORMA). LOW/NO CAP-X REQUIRED AND SOLID RENTAL UPSIDE! AVAILABLE ADDRESSES ARE: 10801 S HOXIE, 8037 S HOUSTON, 8408 S EXCHANGE, 2861 E 93RD ST, 8322 S BAKER & 8457 S BRANDON. SEE THE ONE PAGE OVERVIEW UNDER THE ADDITIONAL INFORMATION TAB. PLEASE NOTE: ALSO AVAILABLE AS A 'ONE-OFF' IS MLS#: 11326610 217 N. KARLOV AN OPERATING 2-FLAT IN GARFIELD PARK WITH $15,000/YR. IN GPI FOR $127,000!
Exterior Features

Exterior Building Type Brick Garage Onsite Yes Garage Ownersite Owned Garage Type Detached Lot Size Less Than .25 Acre Multi Family Type 2 Flat Parking Details Garage Waterfront YN No

Interior Features

Basement Unfinished Basement Details Full Bedrooms Below Grade 0 Bedrooms Total 7 Full Baths In Building 2 Half Baths In Building 0 Heating Natural Gas Rooms Total 11

Property Features

Age 100+ Years Built Before1978 YN Yes Corporate Limits Chicago General Information None Mls Actual Status Active New Construction YN No Ownership Fee Simple Rebuilt YN No Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 1594.37 Tax Year 2020 Total Numberof Unitsin Building 2 Township South Chicago Type Two To Four Units Water Source Lake Michigan Zoning Multi

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Srfg, Inc.


© 2022 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 2022-05-22T08:58:46.6 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
 
Logo
John Lyons Real Estate | Baird & Warner
2526 N Lincoln Ave
Chicago IL, 60614