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Sara Latta-Young

saralattayoung@gmail.com +1(815) 685-5090

$ 375,000

Est. payment | -/mo

6,528 SqFt

Save

$ 375,000

Est. payment | -/mo

Save

6,528 SqFt

Open House

Sat Oct 03, 10:00am - 1:00pm

Sun Oct 04, 1:00pm - 4:00pm

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 6,528 sqft

Price per Sqft $57

MLS Listing ID 12767989

Maintenance Fees $1,380

Year Built 1924

Annual Tax Amount $11,858

Tax Year 2025

Lot Size 5,227 Sqft

Lot Dimensions 39X133

Property Sub-Type Multi Family 5+

Property Description

OpenHouses on October 3rd from 10am-1pm & October 4th from 1pm-4pm. Until Just Recently, This Building Total Monthly Income of $8,100 per Month & Can be Filled w/ Tenants Quickly, & Has Potential for a Cap Rate: 19.5% & Cash-on-Cash Return: 42% - Nearly Impossible to Find Anywhere! With Some Updates, You Should be Able to Rent Units to Achieve Gross Rents of $10,500-$11,000 Monthly. 7 of 9 Units Now Vacant - All-Brick 9-Unit on a Quiet Block in Chicago's Hidden Gem - Winneconna Parkway! Check Out This Incredible Investment Opportunity Located in One of Chicago's Most Unique & Desirable Residential Enclaves! Situated in Historic Winneconna Parkway, This All-Brick 9-Unit Building is a True Blank Canvas for the Savvy Investor! With Only 2 Units Occupied, the Next Owner Can Skip Inherited Tenants & Start Fresh w/ Their Own Screening Criteria, Lease Terms & Rent Levels. Light Updates to the Vacant Units Can Position the Building for Strong Rental Income & a Higher Valuation Upon Stabilization - Ideal for Buyers Seeking Forced Appreciation! Featuring Six (2 Bed / 1 Bath) Units and Three (1 Bed / 1 Bath) Units - Totaling 15 Bedrooms and 9 Bathrooms! Most Units Have Gorgeous Hardwood Floors and Separate Living & Dining Rooms! Boiler System Under 9 Years Old - Reducing Near-Term Maintenance Costs! All Units Include Stoves & Refrigerators. Large Building w/ 6,528 Sq Ft & Multiple Basements. Beyond the Numbers, This Building is Located in the Winneconna Parkway / Auburn Park Area, a True Hidden Treasure in One of the Nicest Residential Blocks in All of Chicago. Developed in the Late 1800s on Land Once Owned by Chicago's First Mayor, William B. Ogden, the Area is Known for its Serene Lagoons, Charming Bridges & Historic Architecture! This is More Than Just an Apartment Building - It's an Opportunity to Own Property in a Historically Rich & Highly Promising Area of Chicago. The New Metra Auburn Park Station is Coming to Winneconna Parkway & 79th Street! The 79th Street Corridor Plan is Set to Completely Revitalize and Transform the Area w/ a Vibrant Mix of New Uses! Don't Miss Out on This Rare 9-Unit w/ Massive Upside Potential! OpenHouses on October 3rd from 10am-1pm & October 4th from 1pm-4pm

Location

State IL

County Cook

Area Chi - Greater Grand Crossing

Zoning MULTI

Interior

Cooling None

Fireplace N

Building

Dwelling Type Multi Family 5+

Structure Type Brick

Listed by Ryan Widerberg of eXp Realty - Chicago North Ave

NEARBY PROPERTIES

+1(815) 685-5090

saralattayoung@gmail.com

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7701 S Eggleston AVE Chicago, IL 60620