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2438 W 63rd Street

Chicago, IL 60629
  • $354,900
  • STATUS: Active Under Contract
  • ON SITE: 211 Days
  • MLS #: 11134289
Under Contract
$354,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,325
    SQFT
  • $67
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1918
County:

School Ratings & Info

Description

GREAT TURNKEY, INCOME PRODUCING PROPERTY!! FULLY OCCUPIED, RECENTLY UPDATED MIXED-USE BUILDING WITH 3 APARTMENTS & 1 STOREFRONT. **FHA COMPLIANT PROPERTY & SECTION 8 APPROVED** Commercial space is less than 49% of entire building so property is eligible for FHA LOAN with 3.5% Down Payment! Hardwood Floors, Ceramic Tiles, Modern Cabinets, Secured Entrance, Central A/C, Gated Parking & More!! Apt #1: 3 BED/2 BA ($1100/Mo). Apt #2: 2 BED/1 BA ($950/Mo). Apt #3: 1 BED/1 BA ($700/Mo). Storefront: ($1600/Mo). Building has been well maintained and apartments were always updated after each tenant moved out. Separate Furnace, Gas and Electric Meters for each unit. Occupied apartments will be shown to qualified buyers only. PROOF OF FUNDS/PRE-APPROVAL REQUIRED WITH ALL OFFERS. SOLD IN AS-IS CONDITION! BROKER OWNED PROPERTY. Don't miss out on this great investment opportunity! GROSS ANNUAL INCOME: $52,200.

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© 2022 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 @properties. Based on information submitted to the MRED as of 2022-01-22T00:50:12.773 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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2438 W 63rd Street Chicago, IL 60629

  • Price: $354,900
  • Status: Active Under Contract
  • On Site: 211 Days
  • MLS #: 11134289
0
Beds
0
Baths
0
½ Baths
N/A
Acres
5,325
SQFT
$67
$/SQFT
1918
Built
Neighborhood:
Chi - Chicago Lawn
County:
Cook
Area:
Chi - Chicago Lawn
Property Description
GREAT TURNKEY, INCOME PRODUCING PROPERTY!! FULLY OCCUPIED, RECENTLY UPDATED MIXED-USE BUILDING WITH 3 APARTMENTS & 1 STOREFRONT. **FHA COMPLIANT PROPERTY & SECTION 8 APPROVED** Commercial space is less than 49% of entire building so property is eligible for FHA LOAN with 3.5% Down Payment! Hardwood Floors, Ceramic Tiles, Modern Cabinets, Secured Entrance, Central A/C, Gated Parking & More!! Apt #1: 3 BED/2 BA ($1100/Mo). Apt #2: 2 BED/1 BA ($950/Mo). Apt #3: 1 BED/1 BA ($700/Mo). Storefront: ($1600/Mo). Building has been well maintained and apartments were always updated after each tenant moved out. Separate Furnace, Gas and Electric Meters for each unit. Occupied apartments will be shown to qualified buyers only. PROOF OF FUNDS/PRE-APPROVAL REQUIRED WITH ALL OFFERS. SOLD IN AS-IS CONDITION! BROKER OWNED PROPERTY. Don't miss out on this great investment opportunity! GROSS ANNUAL INCOME: $52,200.
Exterior Features

Exterior Building Type Brick Outdoor Parking Fenced Parking Total 2

Interior Features

Cooling Central AirCentral Individual Flooring CarpetTileWood Heat Ventilation Central Bldg HeatCentral Heat/Indiv ControlsForced Air Miscellaneous Inside Basement Number Of Ranges 3

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 5325 Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show No - Has Seller Written Direction Electric Separate Meters Fire Protection Other Geographic Locale Chicago South Gross Income 52200 Gross Scheduled Income 52200 Insurance Expense 960 Net Operating Income 46640 Number Of Tenants 4 Operating Expense 5560 Possible Use Multi-FamilyRetail Rental Price 0 Tax Annual Amount 3641.84 Tax Year 2019 Tenant Pays ElectricityHeat Total Monthly Income 4350 Type Mixed Use

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Baird & Warner.


© 2022 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 @properties. Based on information submitted to the MRED as of 2022-01-22T00:50:12.773 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
 
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737 North Michigan Avenue, Suite 1800
Chicago IL, 60611