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2046 E 73rd Street

Chicago, IL 60649
  • $525,000
  • STATUS: Active
  • ON SITE: 16 Days
  • MLS #: 11480713
UPDATED: 64 min ago
$525,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1913
County:

School Ratings & Info

Description

South Shore cash cow for sale! Looking for an armchair investment with some upside included? This six unit apartment building presents the new owner with the opportunity to acquire an in place cap rate of 9.6 with pro forma numbers topping a 12 cap. The building has six 2 bed/1 bath apartments. The building was fully rehabbed in 2016 and all units have updated kitchens and baths. Tenants pay the heat in this building as all six apartments have separate gas forced air as well. The property is located walking distance to Lake Michigan, near the Jeffery Plaza Shopping Center and near all the best public transit hubs. With the fantastic location in the South Shore neighborhood, plenty of upside on the rents and stable income history, this six unit is a once in a lifetime opportunity.

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© 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 O'Neil Property Group, LLC. Based on information submitted to the MRED as of 2022-08-19T15:02:33.243 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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2046 E 73rd Street Chicago, IL 60649

  • Price: $525,000
  • Status: Active
  • On Site: 16 Days
  • Updated: 64 min ago
  • MLS #: 11480713
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1913
Built
Neighborhood:
Chi - South Shore
County:
Cook
Area:
Chi - South Shore
Property Description
South Shore cash cow for sale! Looking for an armchair investment with some upside included? This six unit apartment building presents the new owner with the opportunity to acquire an in place cap rate of 9.6 with pro forma numbers topping a 12 cap. The building has six 2 bed/1 bath apartments. The building was fully rehabbed in 2016 and all units have updated kitchens and baths. Tenants pay the heat in this building as all six apartments have separate gas forced air as well. The property is located walking distance to Lake Michigan, near the Jeffery Plaza Shopping Center and near all the best public transit hubs. With the fantastic location in the South Shore neighborhood, plenty of upside on the rents and stable income history, this six unit is a once in a lifetime opportunity.
Exterior Features

Exterior Building Type Brick Foundation Details Concrete Perimeter Outdoor Parking 1-5 Spaces Parking Total 3 Roof Reflective CoatingRubber Roof Structure Flat

Interior Features

Basement Unfinished Fireplaces Total 0 Heat Ventilation Forced AirGas Number Of Dishwashers 0 Number Of Dryers 0 Number Of Ranges 6 Number Of Washers 0

Property Features

Additional Parcels YN No Approximate Age New Rehab Built Before1978 YN Yes Electric Circuit Breakers Gross Income 71640 Gross Scheduled Income 71640 Insurance Expense 4035 Maintenance Expense 5137 Mls Actual Status Active Net Operating Income 47344 Operating Expense 24296 Tax Annual Amount 4250 Tax Year 2020 Tenant Pays ElectricityHeat Total Monthly Income 5970 Township Hyde Park Type Multi Family 5+ Zoning Multi

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Forte Properties, 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 O'Neil Property Group, LLC. Based on information submitted to the MRED as of 2022-08-19T15:02:33.243 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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O'Neil Property Group, LLC
201 E Veterans Pkwy
Yorkville IL, 60560