Bought with Michael Scanlon of eXp Realty, LLC
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Key Details
Sold Price $600,000
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11883598
Sold Date 12/20/23
Year Built 1964
Annual Tax Amount $8,098
Tax Year 2021
Lot Size 7,405 Sqft
Lot Dimensions 50X150
Property Sub-Type Multi Family 5+
Property Description
ROC Advisory Group - atproperties Christie's International Real Estate is pleased to offer this generational sale. This 9-Unit apartment building for sale is located on the corner of 89th Place & Cottage Grove Avenue in the Chatham (Burnside) neighborhood. The property consists of 8 - two-bedroom and 1 - one-bedroom apartments. The building is boiler heated. 5 of the 9 units have been highly updated. Owned by the parents for the last 17 years. The average rent at the property is $994. The market average for similar properties is over $1,100. This leaves a significant amount of rental upside for a new owner without spending large dollars on capital improvements. The updated units pictured were virtually staged before occupancy. Offering Memorandum available upon request.
Location
State IL
County Cook
Zoning MULTI
Interior
Fireplace N
Exterior
View Y/N true
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NEARBY SCHOOLS & BUSINESSES
- 10
Lenart Elementary Regional Gifted Center
Public | PK - 8
- 10
McDade Elementary Classical School
Public | KG - 6
- 10
Poe Elementary Classical School
Public | KG - 6
- 9
Earhart Options for Knowledge Elementary School
Public | KG - 6
- 8
McDowell Elementary School
Public | KG - 5
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Dixon Elementary School
Public | PK - 8
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Turner-Drew Elementary Language Academy
Public | KG - 8
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Kershaw Elementary School
Public | PK - 8
- 5
Kipling Elementary School
Public | KG - 8
- 5
Pirie Fine Arts and Academic Center Elementary School
Public | KG - 6
- 5
Burnside Elementary Scholastic Academy
Public | PK - 8
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Woodlawn Elementary Community School
Public | PK - 6
- 5
Hoyne Elementary School
Public | KG - 6
- 4
M. Garvey Elementary School
Public | KG - 8
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Fernwood Elementary School
Public | PK - 8
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Dunne Technology Academy
Public | PK - 8
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Evers Elementary School
Public | KG - 8
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Bennett Elementary School
Public | KG - 8
- 4
Black Magnet Elementary School
Public | KG - 8
- 4
Warren Elementary School
Public | PK - 8
- 0
Banner Therapeutic Day School
Private | 7 - 12
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Brooks College Preparatory Academy High School
Public | 9 - 12
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South Shore International College Prep High School
Public | 12 - 12
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Fenger Academy High School
Public | 9 - 12
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Harlan Community Academy High School
Public | 9 - 12
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Simeon Career Academy High School
Public | 9 - 12
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Corliss High School
Public | 9 - 12
- 3
Chicago Vocational Career Academy High School
Public | 9 - 11
- 1
Robeson High School
Public | 9 - 12
- 1
Hirsch Metropolitan High School
Public | 9 - 12
- 0
Excel Academy - Englewood High School
Public | 9 - 12
- 0
Leo Catholic High School
Private | 9 - 12
- 0
Pnuema Institute
Private | 9 - 12
- 0
Banner Academy South
Private | 9 - 12
- 0
Magic Johnson - Roseland High School
Public | 9 - 12
- 0
School of Leadership High School
Public | 11 - 12
- 0
Winnie Mandela High School
Public | 9 - 12
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Michael Scanlon
Team leader | License ID: 475.188240
Team leader License ID: 475.188240