Price Reduction - Eco Friendly
Address
7956 S Normal Avenue Chicago, IL
Price
$ 519,000
Property Attributes
  • MLS#11271236
  • TypeMulti-Family
  • CountyCOOK
  • CityChicago
  • AreaCHI - Chatham
  • NeighborhoodChatham
  • Zip60620
  • Style
  • Year Built1927
  • Taxes$ 8813
  • Price$ 519,000
  • Bedrooms3
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size6,970 SqFt
Listing Provided Courtesy Of:
Dream Town Realty
Data Source:
Midwest Real Estate Data (MRED)
Property Description

VALUE ADD OPPORTUNITY with this 6 figure producing 13 unit in West Chatham. 11 one-bedrooms, 2 studios, and 1 non-conforming two-bedroom. Improvements include Newer Roof, newer windows, new rear porches/ stairs. Rents are below market, but can easily be moved up to a higher rate with some cosmetic updates. High income producing building and perfect opportunity to pick up a hot investment at over 11% cap rate. Steps from Westcott Elementary, Simeon High School, and in the middle of three parks!

Price History
11/16/2021 Listed $525,000
1/10/2022 2% - $519,000

General Features

Additional Parcels Y/N No
City Chicago
Construction Materials Brick
County Cook
Days on Market 61
Directions 79th Street West Of Dan Ryan to Normal South To Building
Electric Expense 738
Fuel Expense 13019
Grossincome 104676
Insurance Expense 3353
Lot Size Square Feet 7200
MLS Area CHI - Chatham
Net Operating Income 61544
Operatingexpense 34318
Possession Closing
Possible Use Commercial, Multi-Family
Property Type Multi Family 5+
Property Type Commercial Sale
Standard Status Active
Status Active
Stories 3
Street Name Normal
Tax Annual Amount 8813.8
Tax Year 2019
Tenant Pays Electricity
Total Units 13
Township South Chicago
Trash Expense 1831
Water Sewer Expense 5321
Year Built 1927
Zoning MULTI

Interior Features

Street Suffix Avenue

Exterior Features

Exterior Brick
Lot Dimensions 25X125
Lot Size Acres 0.16

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 60620

Price
AVG $280K
$520K
Taxes
AVG $3,086
$8,813
Visits
AVG 113
33
Year Built
AVG 1919
1927
Walkscore
AVG 74
73
Data Provided by Walkscore ® not using MLS data

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