$1,400,000
$1,395,000
0.4%For more information regarding the value of a property, please contact us for a free consultation.
0.25 Acres Lot
SOLD DATE : 07/15/2019
Key Details
Sold Price $1,400,000
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10305236
Sold Date 07/15/19
Year Built 1923
Annual Tax Amount $17,812
Tax Year 2017
Lot Size 10,890 Sqft
Lot Dimensions 90X125
Property Sub-Type Multi Family 5+
Property Description
GREAT OPPORTUNITY ZONE PLAY. Replace existing boiler system with in-unit HVAC and convert to condos or maintain as a high-end rental. Property is a 19-unit courtyard, multifamily building located in South Shore, about one-half mile from the shores of Lake Michigan and just steps from Jackson Park Golf Course. 17 out of the 19 units are occupied, or 89.5%. The unit mix is as follows: 10 1bed/1bath units 7 2bed/1bath units 2 3bed/1bath units The two vacant units are 1bed/1bath and are being renovated currently. The building sits on a land site totaling 11,250 SF that is zoned RM-5. The structure is of masonry construction, having a red brick exterior. There is a center exterior walkway which is accessible on the front/street side. The rear/side wooden porch systems are in excellent repair. The building is served by a central boiler system and central hot water tanks. Tenants utilities are separately metered for electric and cooking gas, which they pay for
Location
State IL
County Cook
Interior
Fireplace N
Exterior
View Y/N true
Building
Structure Type Brick
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Bought with Matthew Walton • eXp Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
760 Pasquinelli Dr Suite 348, Westmont, Illinois, 60559, United States