Seller Financing
Address
317 E 116th Street, Chicago, IL
Price
$ 178,000
Property Attributes
- MLS#11994254
- TypeMulti-Family
- CountyCOOK
- CityChicago
- AreaCHI - West Pullman
- NeighborhoodWest Pullman
- Zip60628
- Style
- Year Built1902
- Taxes$ 2832
- Price$ 178,000
- Bedrooms6
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description
AMAZING CASH FLOW BUILDINGS IN THE HOT WEST PULLMAN! 2 BUILDINGS FOR THE PRICE OF 1 BUILDING! REHABBERS SPECIAL! OWNER FINANCING AVAILABLE! THE FRONT BUILDING HAD A FIRE LAST YEAR. 2 OUT OF 4 UNITS REQUIRE GUT REHAB! THE FRONT BUILDING REQUIRE A NEW ROOF. REAR BUILDING'S @ UNITS ARE IN RENTABLE CONDITION. OWNER WILL CONCIDER $10,000 DOWN PAYMENT OWNER WILL EXTEND LOAN BALANCE FOR 12 MONTHS TO ALLOW THE BUYER TO FINISH REHABBING THE BUILDING. BEST ESTIMATES ARE THAT IT WILL COST 60,000 TO FINISH ALL NECESSARY REHABILITATION OF THE FRONT BUILDING. PARTNERSHIP FEELS CONFIDENT THAT WHEN FINISHED AND APARTMENTS RENTED THAT THE PROPERTY WILL SELL FOR $300,000 AND POSSIBLY MORE!!!
| Price History | |
|---|---|
| 3/2/2024 | Listed $178,000 |
General Features
| Cooling | None |
|---|---|
| Year Built | 1902 |
| Electric | Service - 0 to 100 Amps |
| Tenant Pays | Varies by Tenant |
| Stories | 2 |
| Tax Year | 2021 |
| Gross Income | 45600 |
| County | Cook |
| Net Operating Income | 36765 |
| Operating Expense | 8835 |
| Insurance Expense | 2476 |
| Property Type | Commercial Sale |
| MaintenanceExpense | 1149 |
| Status | Active |
| Directions | 115th to Front Ave. South to 116th St. North to Property |
| City | Chicago |
| Total Units | 6 |
| MLS Area | CHI - West Pullman |
| Street Name | 116th |
| Tax Annual Amount | 2832.2 |
| Electric Expense | 480 |
| Water Sewer Expense | 1883 |
| Additional Parcels Y/N | No |
| Days on Market | 12 |
| Standard Status | Active |
| Property Type | Multi Family 5+ |
Interior Features
| Street Suffix | Street |
|---|
Exterior Features
| Lot Dimensions | 25X178 |
|---|
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 60628
Price
Taxes
Visits
Year Built
