8620 S Marquette Avenue

    Chicago, IL 60617
    • $140,000
    • STATUS: Active Under Contract
    • ON SITE: 75 days
    • MLS #: 10097282
    Under Contract
    UPDATED: 18 min ago
    $140,000
    • 8
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1913
    County:

    School Ratings & Info

    Description

    Fantastic investment opportunity near South Shore! This 4 unit building features 4 separate 2 bed / 1 bath units. One recent vacancy is in the process of getting made move in ready for the next tenant/owner. Tenants pay electric and gas. Huge opportunity with approximate monthly cash flow of $550 after debt services. There is a property management company in place. Estimated cap rate of 10.97% with a cash on cash return of 31.52%! Sold as-is.

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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: 2018-12-13T12:51:38.99.

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    www.tsgre.com/homes/88025143

    8620 S Marquette Avenue Chicago, IL 60617

    • Price: $140,000
    • Status: Active Under Contract
    • Updated: 18 min ago
    • MLS #: 10097282
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    1913
    Built
    Neighborhood:
    Chi - South Chicago
    County:
    Cook
    Area:
    Chi - South Chicago
    Property Description
    Fantastic investment opportunity near South Shore! This 4 unit building features 4 separate 2 bed / 1 bath units. One recent vacancy is in the process of getting made move in ready for the next tenant/owner. Tenants pay electric and gas. Huge opportunity with approximate monthly cash flow of $550 after debt services. There is a property management company in place. Estimated cap rate of 10.97% with a cash on cash return of 31.52%! Sold as-is.
    Exterior Features

    Cars 2 Exterior Building Type Vinyl Siding Floor Unit1 2 Floor Unit2 1 Floor Unit3 2 Floor Unit4 1 Garage On Site Yes Garage Ownership Owned Garage Spaces 2 Garage Type Detached Lot Dimensions 4687 SQFT Lot Size Less Than .25 Acre Parking Garage Parking Included In Price Yes Type Multi 2 Story Unit/S Waterfront YN No

    Interior Features

    Appliances Features Unit1 StoveRefrigerator Appliances Features Unit2 StoveRefrigerator Appliances Features Unit3 StoveRefrigerator Appliances Features Unit4 StoveRefrigerator Basement Full Basement Description Unfinished Bedrooms Above Grade 8 Bedrooms Below Grade 0 Bedrooms Unit1 2 Bedrooms Unit2 2 Bedrooms Unit3 2 Bedrooms Unit4 2 Full Baths In Building 4 Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 1 Full Baths Unit4 1 Half Baths In Building 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Fuel GasForced Air Rooms 24 Rooms Unit1 6 Rooms Unit2 6 Rooms Unit3 6 Rooms Unit4 6

    Property Features

    3 Br Un In Bldg YN No Additional Sales Information None Age 100+ Years Agent Owned Interest YN Yes Built Before1978 YN Yes Contingency Flag Attorney/Inspection Corporate Limits Chicago Elementary Sch Dist 299 General Information None Gross Rental Income 3165 High Sch Dist 299 Holds Earnest Money No Jr High Middle Dist 299 Lease Exp Date Mo Yr Unit1 10/19 Lease Exp Date Mo Yr Unit2 Vac Lease Exp Date Mo Yr Unit3 9/19 Lease Exp Date Mo Yr Unit4 09/19 New Construction No Ownership Fee Simple Possession Closing Recent Rehab YN Yes Rent Unit1 700 Rent Unit2 750 Rent Unit3 1015 Rent Unit4 750 Sec Deposit Unit1 0 Sec Deposit Unit2 0 Sec Deposit Unit3 0 Sec Deposit Unit4 0 Sewer Sewer-Public Special Assessments No Special Service Area N Tax Year 2016 Taxes 4454 Tenant Pays Unit1 ElectricGas Tenant Pays Unit2 ElectricGas Tenant Pays Unit3 ElectricGas Tenant Pays Unit4 ElectricGas Total Units In Building 4 Township Hyde Park Water Lake MichiganPublic Zoning Type Multi

    Listing information © 2018 Midwest Real Estate Data LLC.
    Listing provided courtesy of Homeriver Illinois 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: 2018-12-13T12:51:38.99.

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