8602 South Muskegon Avenue, CHICAGO

$225,000

8 Beds
0 Baths
0 Sqft
.07 Acres
2 Garages

Newly rehabbed in 2017, come see this 4 unit building in the booming South Chicago neighborhood. Each unit features 2 bedrooms, 1 bathroom, large kitchens, laminate flooring and individually controlled heat. Also enjoy a 2 car garage, newer roof and mechanicals. The building has 3 of 4 units occupied currently and a perfect opportunity for the armchair investor or owner occupant to take on. Units have rented consistently between $800 - $850 for the past two years with the value add opportunity of adding laundry in the basement or central air (ductwork in place from furnaces currently). Financials provided are actual taxes, insurance and common area utilities and management. Also, projected repair/maintenance and reserves providing a healthy 12% cap rate with nearly 40k in gross income. Schedule your tour to view today.

Essential Information
MLS® #10295952
Price$225,000
Bedrooms8
Bathrooms0.00
Acres0.07
Year Built1911
TypeResidential
Sub-TypeTwo to Four Units
StatusContingent
Community Information
Address8602 South Muskegon Avenue
AreaCHI - South Chicago
CityCHICAGO
CountyCook
StateIL
Zip Code60617
Amenities
Parking Spaces2
# of Garages2
Interior
HeatingGas
Has BasementYes
BasementUnfinished
Exterior
ExteriorFrame
Additional Information
ZoningMULTI
Listing Details
OfficeZumper, Inc.
Property History
Status Changed from Active to Contingent
Status Changed from Price Change to Active
Status Changed from Active to Price ChangePrice Reduced from $235,000 to $225,000
Status Changed from New to Active
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Midwest Real Estate Data LLC Logo The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Magellan Realty LLC are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Listing information last updated on June 17th, 2019 at 9:51pm CDT.

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