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    7946 S Ellis Avenue

    Chicago, IL 60619
    • $540,000
    • STATUS: Active Under Contract
    • ON SITE: 85 days
    • MLS #: 11075035
    Under Contract
    UPDATED: 45 min ago
    $540,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1927
    County:

    School Ratings & Info

    Description

    Here is your turnkey investment that you've been looking for. This all brick classic 6 unit located in the Chatham area is set up for you to do nothing but cashflow and it's loaded with updates. The unit mix is one 3 bedroom unit, three 2 bedroom units and two 1 bedroom units. Units have formal living and dining rooms and large bathrooms. Updates include but are not limited to new canned lighting the living room and baths. Refurbished hardwood flooring in every unit. Updated kitchens with stainless appliances (stove, fridge, microwave). Updated baths with new fixtures, flooring, lighting (blue tooth speaker light fixture), etc. Tuckpointing on south side of building in 2020. New steel security doors on rear of units. New laundry room with digital cashless machines (tenants pay with mobile app). New flooring in common hallway/stairwell. Units painted in the last 12 months. Exterior street recently repaved and updated with LED public lighting. 1 block from CTA. 1 mile from Dan Ryan expressway and CTA Red Line. This won't last, bring serious buyers only.

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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 eXp Realty. Based on information submitted to the MRED as of 2021-07-28T20:52:43.053 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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    7946 S Ellis Avenue Chicago, IL 60619

    • Price: $540,000
    • Status: Active Under Contract
    • Updated: 45 min ago
    • MLS #: 11075035
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1927
    Built
    Neighborhood:
    Chi - Chatham
    County:
    Cook
    Area:
    Chi - Chatham
    Property Description
    Here is your turnkey investment that you've been looking for. This all brick classic 6 unit located in the Chatham area is set up for you to do nothing but cashflow and it's loaded with updates. The unit mix is one 3 bedroom unit, three 2 bedroom units and two 1 bedroom units. Units have formal living and dining rooms and large bathrooms. Updates include but are not limited to new canned lighting the living room and baths. Refurbished hardwood flooring in every unit. Updated kitchens with stainless appliances (stove, fridge, microwave). Updated baths with new fixtures, flooring, lighting (blue tooth speaker light fixture), etc. Tuckpointing on south side of building in 2020. New steel security doors on rear of units. New laundry room with digital cashless machines (tenants pay with mobile app). New flooring in common hallway/stairwell. Units painted in the last 12 months. Exterior street recently repaved and updated with LED public lighting. 1 block from CTA. 1 mile from Dan Ryan expressway and CTA Red Line. This won't last, bring serious buyers only.
    Exterior Features

    Construction Materials Brick Location Public Transport Avail Parking Total 0

    Interior Features

    Basement Description Unfinished Heat Ventilation Central Bldg HeatRadiatorsSteam Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Unit1 3 Number Of Bedrooms Unit2 2 Number Of Bedrooms Unit3 1 Number Of Bedrooms Unit4 0 Number Of Dryers 2 Number Of Full Bathrooms Type1 1 Number Of Full Bathrooms Type2 1 Number Of Full Bathrooms Type3 1 Number Of Ranges 6 Number Of Refrigs 6 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 6 Number Of Rooms Unit3 4 Number Of Rooms Unit7 0 Number Of Units Apt Type1 1 Number Of Units Apt Type2 3 Number Of Units Apt Type3 2 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 Cap Rate 12 Current Use Multi-Family Electric Expense 1000 Expense Year 2020 Exterior Building Type Brick Fuel Expense 6000 Gross Income 81636 Gross Scheduled Income 81636 Insurance Expense 3500 Janitor Expense 500 Lot Size Dimensions 45X125 Maintenance Expense 1500 Monthly Income Max1 1275 Monthly Income Max2 1250 Monthly Income Max3 1053 Operating Expense 16800 Other Expense 500 Owners Assoc YN No Tax Annual Amount 4105 Tax Year 2019 Tenant Pays Electricity Total Monthly Income 6803 Trash Expense 1800 Type Multi Family Flats Water Sewer Expense 2000

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Enterprise Realty Power Broker.


    © 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 eXp Realty. Based on information submitted to the MRED as of 2021-07-28T20:52:43.053 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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