501 71st Street

    Chicago, IL 60619
    • $399,000
    • STATUS: Active
    • ON SITE: 5 days
    • MLS #: 10542849
    New On Site 5 Days Ago
    UPDATED: 42 min ago
    $399,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,648
      SQFT
    • $46
      $/SQFT
    Type:
    Commercial
    Built:
    1903
    County:

    School Ratings & Info

    Description

    ****ATTENTION INVESTORS****Don't snooze on this awesome opportunity! This two-story mixed-use property is now for sale and priced for quick close. Building is located minutes away from Major expressways and steps away from public transportation. Also walking distance from area schools and local businesses. With a total of 10 units (8-2 bedrooms, 1-3 bedroom, 1-Storefront/Retail Space) you are able to maximize your earning potential. Entire building is heated with well maintained boiler system and sits on 0.142 acre. Property also has 6' wrought iron fence in the back that encloses backyard space. Tenants are responsible for cooking gas and electricity only. Various updates have been made to the property in previous years. Porches were replaced in 2013. Most recently a few units have been rehabbed and updated in 2018 and 2019.

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    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by MTP, MRED or The Perotti Group | Compass Real Estate. Based on information submitted to the MRED as of 2019-10-15T14:51:59.727 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    www.theperottigroup.com/homes/99738872

    501 71st Street Chicago, IL 60619

    • Price: $399,000
    • Status: Active
    • Updated: 42 min ago
    • MLS #: 10542849
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    8,648
    SQFT
    $46
    $/SQFT
    1903
    Built
    Neighborhood:
    Chi - Greater Grand Crossing
    County:
    Cook
    Area:
    Chi - Greater Grand Crossing
    Property Description
    ****ATTENTION INVESTORS****Don't snooze on this awesome opportunity! This two-story mixed-use property is now for sale and priced for quick close. Building is located minutes away from Major expressways and steps away from public transportation. Also walking distance from area schools and local businesses. With a total of 10 units (8-2 bedrooms, 1-3 bedroom, 1-Storefront/Retail Space) you are able to maximize your earning potential. Entire building is heated with well maintained boiler system and sits on 0.142 acre. Property also has 6' wrought iron fence in the back that encloses backyard space. Tenants are responsible for cooking gas and electricity only. Various updates have been made to the property in previous years. Porches were replaced in 2013. Most recently a few units have been rehabbed and updated in 2018 and 2019.
    Exterior Features

    Construction Brick Foundation BlockConcrete Frontage Access City Street Lot Dimensions 50X125 Lot Sq Ft 6186 Number Of Parking Spaces 0 Roof Coverings Membrane Roof Structure Flat

    Interior Features

    Air Conditioning None Fire Protection Fire Extinguisher/S Number Of Apts 9 Number Of Disposals 0 Number Of Fireplaces 0 Number Of Offices 0 Number Of Ranges 9 Number Of Refrigs 9 Number Of Stores 1 Number Of Stories 2

    Property Features

    Age Older Built Before1978 YN Yes Electric Expense Source Owner Projection Electrical Service Circuit BreakersSeparate Meters Electricity Expense 250 Expense Year 2018 Exterior Building Type Brick Fuel Expense 6900 Fuel Expense Source Owner Projection Geographic Locale Chicago South Gross Rental Income Amount 8825 Heat Ventilation Central Bldg HeatGasRadiatorsSteam Insurance Expense 6996 Insurance Expense Source Owner Projection Miscellaneous Outside Security GateSecurity LightingSecurity System Net Oper Income Amount 74080 Net Operating Income Year 2018 Number Of Tenants 7 Number Of Window Ac 0 Other Expenses 0 Owners Assoc YN No Possession Closing Potential Use Retail Rental Price 50.88 Sale Terms Conventional Tax Year 2018 Taxes 10021.2 Tenant Pays Electric Total Annual Exp 31820 Total Annual Expense Source Owner Projection Total Annual Income 105900 Total Monthly Income 8825 Township Hyde Park Utilities To Site Sanitary Sewer To SiteSewer-Storm AvailableWater-Municipal Water Expense 1800 Water Expense Source Owner Projection Zoning Type Multi

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Baird & Warner.


    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by MTP, MRED or The Perotti Group | Compass Real Estate. Based on information submitted to the MRED as of 2019-10-15T14:51:59.727 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
    The Perotti Group | Compass Real Estate
    1643 N Milwaukee
    Chicago IL, 60647