$499,000
6702 S Wood ST Chicago, IL 60636
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$499,000
Est. payment /mo
6,098 Sqft Lot
UPDATED:
09/19/2024 07:17 PM
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12149961
Maintenance Fees $6,600
Year Built 1920
Annual Tax Amount $10,120
Tax Year 2023
Lot Size 6,098 Sqft
Lot Dimensions 6250
Property Description
Motivate Seller says, "let investors weigh in"! Introducing a rare, value-add 8 unit, corner red brick building ALONG WITH a stable tenant base. This building is on the market for the first time in over 35 years and one of the very few multi-units for sale in West Englewood. Excellent cash flow (stabilized at over $90K/year) could be even better with a few improvements. Furnaces in each apartment, so tenants responsible for heating bills. Units are in average condition and could be upgraded as they turn over to attract higher paying market rate or vouchered tenants to maximize income. Located between Ashland and Damen close to transportation. New owner could convert up to seven apartments to 2 bedroom units by utilizing the dining rooms as the second bedrooms. One unit has already been converted in that way. Priced at a fully-loaded 9.9 cap at asking.
Location
State IL
County Cook
Area Chi - West Englewood
Zoning MULTI
Interior
Cooling Window Unit(s)
Fireplace N
Building
Dwelling Type Multi Family 5+
Level or Stories 2
Structure Type Brick
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by David Urbaniak • @properties Commercial
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