6507 Ellis Avenue

    Chicago, IL 60637
    • $400,000
    • STATUS: Closed
    • ON SITE: 67 days
    • MLS #: 10108813
    Sold - 12/12/2018
    $400,000
    SOLD - 12/12/2018
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,454
      SQFT
    • $47
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1906
    County:

    School Ratings & Info

    Description

    VALUE ADD IN HOT WOODLAWN. FEATURING 6 LARGE 2BD 1 BATH UNITS WITH 3 UNITS CURRENTLY OCCUPIED RENTING FOR $850, $976, AND $1,050 THERE ARE 3 UNFINISHED UNITS. INCOME AND EXPENSES ARE PRO FORMA CONSERVATIVELY BASED ON $7,200 MONTHLY INCOME.MUCH OF THE WORK HAS BEEN COMPLETED SELLER HAS UPDATED GAS LINES, ELECTRICAL AND PLUMBING WITH PLANS AND PERMITS.CONTRACTORS ESTIMATED BID TO FINISH REMAINING UNITS IS BETWEEN $60,000 AND $80,000 DEPENDING ON FINISHES. SELLER IS MOTIVATED

    Sold by Atlas Asset Management Realty Llc.

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    © 2018 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 the MLS or Touchstone Group. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Touchstone Group are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. 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. Data last updated: 2018-12-16T23:49:52.587.

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    www.tsgre.com/homes/88387987

    6507 Ellis Avenue Chicago, IL 60637

    • Price: $450,000
    • Status: Closed
    • MLS #: 10108813
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    8,454
    SQFT
    $47
    $/SQFT
    1906
    Built
    Neighborhood:
    Chi - Woodlawn
    County:
    Cook
    Area:
    Chi - Woodlawn
    Property Description
    VALUE ADD IN HOT WOODLAWN. FEATURING 6 LARGE 2BD 1 BATH UNITS WITH 3 UNITS CURRENTLY OCCUPIED RENTING FOR $850, $976, AND $1,050 THERE ARE 3 UNFINISHED UNITS. INCOME AND EXPENSES ARE PRO FORMA CONSERVATIVELY BASED ON $7,200 MONTHLY INCOME.MUCH OF THE WORK HAS BEEN COMPLETED SELLER HAS UPDATED GAS LINES, ELECTRICAL AND PLUMBING WITH PLANS AND PERMITS.CONTRACTORS ESTIMATED BID TO FINISH REMAINING UNITS IS BETWEEN $60,000 AND $80,000 DEPENDING ON FINISHES. SELLER IS MOTIVATED
    Exterior Features

    Construction Brick Foundation Concrete Frontage Access City Street Land Amenities Curbs And GuttersSidewalks Lot Dimensions 50X125 Lot Sq Ft 6250 Number Of Parking Spaces 6 Roof Structure Flat

    Interior Features

    Air Conditioning None Basement Description Unfinished Miscellaneous Inside Storage InsideLaundry Room Number Of Bedrooms Type5 2 Number Of Bedrooms Type6 2 Number Of Bedrooms Type7 0 Number Of Bedrooms Unit1 2 Number Of Bedrooms Unit2 2 Number Of Bedrooms Unit3 2 Number Of Bedrooms Unit4 2 Number Of Dishwashers 0 Number Of Disposals 0 Number Of Dryers 1 Number Of Fireplaces 0 Number Of Full Bathrooms Type1 1 Number Of Full Bathrooms Type2 1 Number Of Full Bathrooms Type3 1 Number Of Full Bathrooms Type4 1 Number Of Full Bathrooms Type5 1 Number Of Full Bathrooms Type6 1 Number Of Ranges 3 Number Of Refrigs 3 Number Of Rooms Unit Five 5 Number Of Rooms Unit Four 5 Number Of Rooms Unit Six 5 Number Of Rooms Unit1 5 Number Of Rooms Unit2 5 Number Of Rooms Unit3 5 Number Of Rooms Unit7 0 Number Of Stories 3 Number Of Units Apt Type1 1 Number Of Units Apt Type2 1 Number Of Units Apt Type3 1 Number Of Units Apt Type4 1 Number Of Units Apt Type5 1 Number Of Units Apt Type6 1 Number Of Units Apt Type7 0 Number Of Washers 1 Outdoor Parking 6-12 Spaces Repairs Decor Expense 6000

    Property Features

    Age Older Built Before1978 YN Yes Current Use Residential-Multi-Family Electric Expense Source Broker Projection Electrical Service Circuit Breakers0-100 Amps Electricity Expense 500 Expense Year 2017 Exterior Building Type Brick Fuel Expense 7200 Fuel Expense Source Broker Projection Gross Rental Income Amount 84000 Heat Ventilation Central Bldg HeatGasRadiatorsRadiant Insurance Expense 3200 Insurance Expense Source Broker Projection Janitor Expense 1200 Janitor Expense Source Combination Miscellaneous Outside Balcony/IesEnclosed Stairs Monthly Income Max1 1000 Monthly Income Max2 1000 Monthly Income Max3 1000 Monthly Income Max4 1000 Monthly Income Max5 1000 Monthly Income Max6 1000 Net Oper Income Amount 48496 Net Operating Income Year 2017 Number Of Window Ac 0 Other Expense Source Broker Projection Other Expenses 5000 Possession Closing Potential Use Residential-Multi-Family Sale Terms Conventional Tax Year 2017 Taxes 4804 Tenant Pays ElectricOther Total Annual Exp 34504 Total Annual Expense Source Broker Projection Total Annual Income 84000 Total Monthly Income 7200 Township Hyde Park Type Multi Family Corridor-Interior Entrance Unincorporated YN No Utilities To Site Sanitary Sewer To SiteWater-MunicipalWater To Site Washer Dryer Lsd YN No Water Expense 5000 Water Expense Source Broker Projection Zoning Type Multi

    Listing information © 2018 Midwest Real Estate Data LLC.
    Listing provided courtesy of Atlas Asset Management Realty Llc.


    © 2018 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 the MLS or Touchstone Group. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Touchstone Group are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. 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. Data last updated: 2018-12-16T23:49:52.587.

    Digital Millennium Copyright Act
     
    Touchstone Group
    2308 W North Avenue #C1
    Chicago IL, 60647