8157 S Chappel Avenue
Chicago, IL 60617

Tools & Resources:

Description

INVESTOR SPECIAL!!!!!EXCELLENT INVESTMENT OPPORTUNITY TO PURCHASE CORNER LOT YELLOW BRICK 8 UNIT APARTMENT BUILDING IN SOUGHT AFTER SOUTH SHORE AREA. THERE ARE 8 LARGE APARTMENTS, CURRENTLY 8, 1 BEDROOM APARTMENTS, OWNER HAS PLANS AND PERMITS FOR SIX, TWO BEDROOM APARTMENTS AND TWO-1 BEDROOM UNITS. 2 UNITS WERE TOTALLY GUTTED AND DUE TO FIRE DAMAGE. SINCE THE FIRE, BRAND NEW REAR PORCH, BRAND NEW ROOF, NEW WATER SERVICE, PERMITS AND PLANS HAVE BEEN PULLED AND NEWER WINDOWS, PROPERTY BEING SOLD AS-IS, SELLER IS WILLING TO FINISH THE PROPERTY FOR THE RIGHT PRICE.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60617
• Year Built: 1928
• Stories: 2
• Units: 8 units
• Basement: Unfinished
• Zoning: MULTI
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick
• Directions: 79th St East or West to Chappel, Two Blocks to Property
• Electric Expense Source: Actual
• Expense Year: 2023
• Fuel Expense Source: Actual
• Heat/Ventilation: Central Bldg Heat, Gas, Hot Water
• Information: List Broker Must Accompany, 48-Hr Notice Required
• Insurance Expense Source: Actual
• Main Type: Commercial Sale
• Ownership Type: Land Trust
• Roof Structure: Flat
• Tax Annual Amount: 7971.22
• Tax Year: 2023
• Tenant Pays: Electricity
• Total Annual Expense Source: Actual
• Trash Expense Source: Actual
• Type Multi-Family: Corridor-Interior Entrance
• Water Expense Source: Actual