Address
6840 S Wabash Avenue S Chicago, IL
Price
$ 225,000
Property Attributes
  • MLS#11099326
  • TypeContingent
  • CountyCOOK
  • CityChicago
  • AreaCHI - Greater Grand Crossing
  • NeighborhoodPark Manor
  • Zip60637
  • StyleGreystone
  • Year Built1900
  • Taxes$ 1746
  • Price$ 225,000
  • Bedrooms5
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage1975
  • Lot Size3,920 SqFt
Listing Provided Courtesy Of:
Coldwell Banker Realty
Data Source:
Midwest Real Estate Data LLC
Property Description

Rare GREYSTONE 2 flat located in a commuter's paradise! Gross annual rental income of $27,000. Strong cap rate of 10.9% with the potential for growth. This investment opportunity is adjacent to a plethora of public transit. Within 1/2 block to the 69th street CTA Red Line stop. Right off of the Dan Ryan Expressway & Chicago Skyway Expressway. And more bus routes than I can fit in this description. This greystone, built in 1900, still has much of it's original woodwork including some original built in shelving. The woodwork was refurbished in 2009. Each apartment has hardwood throughout. The first floor unit is a spacious 2 bed 1 bath that features a separate kitchen, dining, and living room. The second floor unit is a 3 bed 1 bath that features a separate kitchen, dining, and living room. Both units have plenty of closet space. This potential "cash cow" even has an updated rear back porch that was redone by the previous owner. The basement has 2 entrances (rear & side), which gives a opportunity with proper permits and zoning changes to add another 1-2 bedroom in the basement. The electric service to the building was upgraded to 200 amp in 2011. The building is even individually metered for electric, gas, and forced heat by the following: common, unit 1, and unit 2. With the large backyard there is opportunity for your ideas. If building a garage is too big of a task, you could make a quick improvement by adding separate a/c units or washer and dryers. Invest smart and tour this building before it's gone.

Price History
5/25/2021 Listed $225,000

General Features

Architectural Style Greystone
Basement Full, Walkout
Community Features Park, Curbs, Sidewalks, Street Lights, Street Paved
Contingency Attorney/Inspection
Elementary School District 299
Exterior Features Porch
Heating Natural Gas, Forced Air
High School District 299
Middle/Junior School District 299
New Construction No
Ownership Fee Simple
Property Type Two to Four Units
Property Type Residential Income
Roof Rubber, Flat
Sewer Public Sewer
Standard Status Active Under Contract
Tax Annual Amount 1746.58
Total Rooms 11
Township Hyde Park
Zoning MULTI

Interior Features

Basement Unfinished
Bedroomspossible 5
Full Baths Building 2
Full Baths Unit 1 1
Full Baths Unit 2 1
Total Baths 2
Total Bedrooms 5

Exterior Features

Exterior Brick, Stone
Foundation Details Stone
Lot Dimensions 25 X 163.1
Lot Features Fenced Yard, Sidewalks, Streetlights
Lot Size Acres 0.09
Water Source Public
Waterfront Y/N No

Room Details

Room Dimensions Level Flooring Details
Dining Room
Family Room
Living Room
Master Bedroom

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 60637

Price
AVG $330K
$230K
Taxes
AVG $3,749
$1,746
Visits
AVG 65
21
Year Built
AVG 1940
1900
Walkscore
AVG 66
67
Data Provided by Walkscore ® not using MLS data