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USAILChicago7650 S Eggleston Ave
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7650 S Eggleston Ave, CHICAGO, IL

Real Estate

Sold

Listed price in listed location currency (USD).
$270,000
$500,000

000

MLS® 11839148

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
Maintenance Fees $2,400
Taxes $8,195
Approx. Age 1910
MLS® Number 11839148

Property Address: 7650 S Eggleston Ave, CHICAGO, IL, 60620-1631

Average square foot calculated using Size range provided by listing agent.

Description

7650 S. Eggleston is an eight (8) unit walk-up building located in the Greater Grand Crossing neighborhood of Chicago's South Side. The property sits on a quiet, tree lined street one (1) block from Auburn Park and Winneconna Parkway, which boasts Venetian style canals overlooking beautiful lagoons and stone bridges. 7650 S. Eggleston truly has a unique unit mix that can be tailored to all renters. Of the eight (8) units, the building is comprised of two (2) 2b/1ba units, four (4) 1b/1ba units, and two (2) 0b/1ba studio units. All of which, however, are spacious and have been meticulously maintained. Additionally, all of the units boasts hardwood flooring throughout and updated kitchens with granite countertops along with Juliette balconies. Recent improvements to the building consist of, but not limited to: a newer 800 Amp electric service, individual in-unit HVAC furnaces, updated copper plumbing, newer windows, as well as steel rear porch. 7650 S. Eggleston provides an investor with the opportunity to acquire a cash flowing asset with an in place cap rate of 10.01%. Simply by raising rents and occupying the building to maximum efficiency, an investor can realize a cap rate of nearly 11.7% and cash return over 25%.
MLS® Number11839148
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1910
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

Jan 4, 2024End Date
$270,000Sold Price

Sold

Jul 21, 2023List Date
$500,000List Price
  • Commute

Commute

Starting Address
Destination Address
7650 S Eggleston Ave, CHICAGO, IL

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