Address
6820 S Perry Avenue, Chicago, IL
Price
$ 1,549,000
Property Attributes
- MLS#12018436
- TypeMulti-Family
- CountyCOOK
- CityChicago
- AreaCHI - Greater Grand Crossing
- NeighborhoodGrand Crossing
- Zip60621
- Style
- Year Built1926
- Taxes$ 20701
- Price$ 1,549,000
- Bedrooms2
- Full Bathrooms0
- Half Bathrooms0
- Lot Size8,750 SqFt
Data Source:
Midwest Real Estate Data (MRED)
Property Description
The unique opportunity to acquire a meticulously maintained 19-unit walk-up building in the Greater Grand Crossing neighborhood of Chicago. This exceptional property features spacious all two-bedroom units, each offering 1,000 sq f of living space adorned with beautiful hardwood floors. The property has undergone several notable improvements, including newer windows, all copper plumbing, a high-efficiency boiler, updated electric systems, a new fence, and recent tuckpointing and security cameras. There is potential for a significant increase in rent amount achieving a 12.2 cap rate, with the possibility to use an existing management company Taty Management. Conveniently situated just 9.3 miles south of Chicago's downtown loop area. It is located near "Chicago Transportation Authority" (CTA) 69th Street Red Line train station, ensuring easy commuting options for residents. Additionally, the proximity to the I-94 Expressway and several CTA bus stops, including 24, 67, and 167 routes.
| Price History | |
|---|---|
| 4/2/2024 | Listed $1,549,000 |
General Features
| Cooling | Window Unit(s) |
|---|---|
| Construction Materials | Brick |
| Year Built | 1926 |
| Tenant Pays | Electricity |
| Stories | 4 |
| Tax Year | 2021 |
| Gross Income | 212484 |
| County | Cook |
| Net Operating Income | 148188 |
| Operating Expense | 64296 |
| Insurance Expense | 10378 |
| Property Type | Commercial Sale |
| MaintenanceExpense | 4300 |
| Status | Active |
| Directions | 2 blocks west of 94,1 block east of Wentworth. Perry a one way street heading north. Access from 69th. |
| City | Chicago |
| Total Units | 19 |
| MLS Area | CHI - Greater Grand Crossing |
| Lot Size Square Feet | 8750 |
| Street Name | Perry |
| Tax Annual Amount | 20701 |
| Electric Expense | 1217 |
| Fuel Expense | 8091 |
| Trash Expense | 5668 |
| Water Sewer Expense | 8441 |
| Additional Parcels Y/N | No |
| Days on Market | 7 |
| Standard Status | Active |
| Property Type | Multi Family 5+ |
Interior Features
| Street Suffix | Avenue |
|---|
Exterior Features
| Lot Dimensions | 8750 |
|---|---|
| Exterior | Brick |
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 60621
Price
Taxes
Visits
Year Built
