9335-37 S South Chicago Avenue
Chicago, IL 60617

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Description

Imposing three story red brick vintage Chicago 6 unit apartment bldg. Located in an up and coming niche of "east Chicago, with close proximity the Lakefront and South Shore, all transportation,a thriving industrial area and the Loop. This 1886 beauty represents the pride of the neighborhood with original red Chicago brick, stone trim capping, steel security doors and an enclosed rear stairwell/porch. Each unit has a separate exterior door. The rear and front porches were completely rebuilt in the last six years. Rear yard contains a grassy area perfect for tenant enjoyment. All units leased and tenant paid utilities. Attractive cap rate for investors.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60617
• Year Built: 1886
• Stories: 3
• Units: 6 units
• Zoning: MULTI
• # Of Ranges: 6
• # Of Refrigs: 6
• Approximate Age: Older
• Building Unit Info: Fire Alarm, No Units Furnished, Smoke/Alarm Detector
• Built Before 1978 (Y/N): Yes
• Cap Rate: 13
• Construction Materials: Brick, Concrete, Stone
• Directions: E/W to South Chicago Ave. N/S to 9335
• Electric: Circuit Breakers
• Electric Expense: 385
• Electric Expense Source: Actual
• Expense Year: 2023
• Fire Protection: Smoke or Fire Protectors
• Foundation Details: Concrete Perimeter
• Fuel Expense Source: Actual
• Gross Income: 99216
• Gross Rent Multiplier: 11
• Gross Scheduled Income: 99216
• Heat/Ventilation: Central Heat/Indiv Controls, Forced Air
• Information: List Broker Must Accompany, 48-Hr Notice Required, No Sign on Property
• Insurance Expense: 3924
• Insurance Expense Source: Actual
• Janitor Expense: 525
• Location: Free Standing/Urban, In City Limits
• Main Type: Commercial Sale
• Maintenance Expense: 3500
• Manager Expense: 5131
• Manager Expense Source: AC
• Operating Expense: 22376
• Other Expense Source: Actual
• Ownership Type: Limited Liability Corp
• Repairs-Decor Expense Source: Actual
• Roof: Reflective Coating
• Roof Structure: Flat
• Sewer: Storm Sewer
• Tax Annual Amount: 8078
• Tax Year: 2023
• Tenant Pays: Air Conditioning, Electricity, Heat
• Total Annual Expense Source: Actual
• Total Monthly Income: 8268
• Township: South Chicago
• Trash Expense: 2000
• Trash Expense Source: Actual
• Type Multi-Family: Flats
• Utilities: Sewer Connected
• Water Expense Source: Actual
• Water Sewer Expense: 2475
• Water Source: Municipal Water