8927 S Muskegon Avenue, Chicago IL 60617
Property Description
((Motivated Sellers just Dropped the price!)) Really Decent looking property with some Good Value Add, (still needs a bit of work)... ((8 unit / But its a Legal 6 unit & There's 2 Buildings on the property)). The property is located in South Chicago directly across the street from Bessemer Park with a great swimming pool and tennis courts and right around the corner from Baker College Prep. Several units have been renovated being unit 1B, 2B, 3A, 3B and the coach house units. All the decks have been updated and are to code. The building has some newer windows that have been installed over the past few years. The property does not have any violations and will pass all inspections. All utilities are separate and paid for by the tenants. The building is sitting at a decent cap rate of 7.14% now and that's with only 4 of the 8 units rented & occupied. If all units are rented & occupied the cap rate would be at least a solid 14% conservatively. ((48 HOURS NOTICE IS REQUIRED FOR ALL SHOWINGS PER ILLINOIS TENANTS RIGHTS))
Listed by David Mishel for Compass | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.
Features & Information
Key Details
- List Price $345,000
- Property Taxes $2,807
- Price/ Sq. Ft. Unavailable
- Year Built 1888
- Buyer's Agent Commission 2.5%
- Status Active
Building Information
- Age of Building Older
- Exterior Construction Aluminum Siding,Vinyl Siding
- Foundation Concrete
- Heating & Cooling Wall Unit, Baseboard
Location
- County Cook
- Directions to Property South Chicago To Muskegon Then North To Property Which Will Be On The Right Side Across From Park
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Property Taxes
- Tax 2807
- Parcel Identification Number 26062140120000
Explore South Chicago
In a community that once buzzed with the heavy production of US Steel (one of the country's major steel manufacturers), South Chicago is a neighborhood rich in history centered about industry and organized labor. Today, these former industrial areas near Lake Michigan are some of the last few fleeting frontiers for development in the city. Acres of land along South Chicago's lakefront have not yet been built up — begging the interest of commercial and residential developers who continue to push south in search of prime real estate property. The neighborhood is bordered to the west by the Chicago Skyway, providing the region with good transportation. Both public schools and private academies dot the area, affording families their choice of scholastic options.
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