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7946 S Essex Avenue

Chicago, IL 60617
  • $350,000
  • STATUS: Active
  • ON SITE: 211 Days
  • MLS #: 11669073
Price Reduced
UPDATED: 73 min ago
$350,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1925
County:

School Ratings & Info

Description

$25,0000 PRICE REDUCTION on this six (6) unit asset!!! 7946-48 S Essex is in one of the Chicago's OPPORTUNITY ZONES! This means you can benefit from sizable tax advantages through this tax-deferral investment property. This property features 4,518 rentable square feet. Each spacious unit has two (2) bedrooms, a living room, dining room, one (1) bathroom and a kitchen. The building features newer windows, a 75 gallon water heater installed in 2015, a brick four (4) car garage, and a well maintained boiler. 5 units are in very good condition. One unit is occupied by the building engineer gratis and is being updated. Provide proof and funds to schedule a showing. (Four Units are occupied and paying rent on a month to month basis. One unit is occupied by the Mgr/Engineer. One Unit is vacant.) Area 2BR, 1Bth rents range from $900 to $1,250 per month. This Asset Is Being Sold As-Is.

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© 2023 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 Jasinski Home Team | Berkshire Hathaway HomeServices Chicago. Based on information submitted to the MRED as of 2023-06-08T10:00:11.617 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 Essex Avenue Chicago, IL 60617

  • Price: $350,000
  • Status: Active
  • On Site: 211 Days
  • Updated: 73 min ago
  • MLS #: 11669073
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1925
Built
Neighborhood:
Chi - South Chicago
County:
Cook
Area:
Chi - South Chicago
Property Description
$25,0000 PRICE REDUCTION on this six (6) unit asset!!! 7946-48 S Essex is in one of the Chicago's OPPORTUNITY ZONES! This means you can benefit from sizable tax advantages through this tax-deferral investment property. This property features 4,518 rentable square feet. Each spacious unit has two (2) bedrooms, a living room, dining room, one (1) bathroom and a kitchen. The building features newer windows, a 75 gallon water heater installed in 2015, a brick four (4) car garage, and a well maintained boiler. 5 units are in very good condition. One unit is occupied by the building engineer gratis and is being updated. Provide proof and funds to schedule a showing. (Four Units are occupied and paying rent on a month to month basis. One unit is occupied by the Mgr/Engineer. One Unit is vacant.) Area 2BR, 1Bth rents range from $900 to $1,250 per month. This Asset Is Being Sold As-Is.
Exterior Features

Exterior Building Type Brick Foundation Details Concrete PerimeterStone Frontage Type City Street Land Amenities Curbs And Gutters Outdoor Parking 1-5 Spaces Parking Total 4 Roof Rubber Roof Structure Flat

Interior Features

Basement Unfinished Cooling None Fireplaces Total 0 Heat Ventilation Gas Number Of Dishwashers 0 Number Of Dryers 0 Number Of Ranges 0 Number Of Washers 0

Property Features

Additional Parcels YN No Approximate Age Older Association Fee Includes None Building Area Total 7221 Built Before1978 YN Yes Current Use Multi-Family Electric Circuit Breakers Gross Income 61500 Gross Scheduled Income 61500 Insurance Expense 2975 Location Public Transport Avail Maintenance Expense 1000 Mls Actual Status Active Net Operating Income 30688 Operating Expense 30812 Ownership Types Individual Tax Annual Amount 5228.35 Tax Year 2021 Tenant Pays ElectricityOther Total Monthly Income 5125 Township South Chicago Type Multi Family 5+ Utilities Sanitary SewerSewer-Storm AvailableWater-Municipal Zoning Multi

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Coldwell Banker Realty: 773-451-1200.


© 2023 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 Jasinski Home Team | Berkshire Hathaway HomeServices Chicago. Based on information submitted to the MRED as of 2023-06-08T10:00:11.617 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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