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4734 S Prairie Avenue

Chicago, IL 60615
  • $850,000
  • STATUS: Active Under Contract
  • ON SITE: 125 Days
  • MLS #: 11419692
Under Contract
UPDATED: 59 min ago
$850,000
  • 10
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1926
County:

School Ratings & Info

School District:
299

Description

Beautiful 3 flats grey stone building with 2 garage parking spaces locates in the emerging Bronzeville neighborhood. It is right across from the Green Line train station, 12 minutes drive away from downtown and 6 minutes drive away from the University of Chicago. Good condition finishes and fully occupied with credible tenants, Long term history fully occupied record. Leasing is never an issue. The owner has a strict background checking process to select the tenants. And the garage is used by the seller, so the new owner can rent them for additional cash flow. Ture 7% cap rate, 15%+ IRR for 10 years, and 20% turnkey building. 6% cash on cash return after debt payment! Good Deal

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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 2022-10-04T18:00:35.323 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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4734 S Prairie Avenue Chicago, IL 60615

  • Price: $850,000
  • Status: Active Under Contract
  • On Site: 125 Days
  • Updated: 59 min ago
  • MLS #: 11419692
10
Beds
0
Baths
0
½ Baths
N/A
Acres
1926
Built
Neighborhood:
Chi - Douglas
County:
Cook
Area:
Chi - Douglas
School District:
299
Property Description
Beautiful 3 flats grey stone building with 2 garage parking spaces locates in the emerging Bronzeville neighborhood. It is right across from the Green Line train station, 12 minutes drive away from downtown and 6 minutes drive away from the University of Chicago. Good condition finishes and fully occupied with credible tenants, Long term history fully occupied record. Leasing is never an issue. The owner has a strict background checking process to select the tenants. And the garage is used by the seller, so the new owner can rent them for additional cash flow. Ture 7% cap rate, 15%+ IRR for 10 years, and 20% turnkey building. 6% cash on cash return after debt payment! Good Deal
Exterior Features

Exterior Building Type Stone Garage Details Garage Door Opener(S) Garage Onsite Yes Garage Ownersite Owned Garage Type Attached Is Parking Included In Price Yes Lot Size Less Than .25 Acre Multi Family Type 3 Flat Parking Details Garage Waterfront YN No

Interior Features

Basement None Basement Bathrooms YN No Basement Details None Bedrooms Below Grade 0 Bedrooms Total 10 Full Baths In Building 7 Half Baths In Building 0 Heating Electric Rooms Total 13

Property Features

Age 100+ Years Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show No - Has Seller Written Direction Corporate Limits Chicago General Information Commuter BusCommuter Train Gross Income 70800 Insurance Expense 1730 Maintenance Expense 1500 Mls Actual Status Contingent Net Operating Income 12018 New Construction YN No Other Additional Income Garage/S Ownership Fee Simple Rebuilt YN No Rehab Year 2019 Sewer Other Special Listing Conditions None Tax Annual Amount 5806 Tax Year 2020 Total Numberof Unitsin Building 3 Total Rental Income 70800 Township Hyde Park Type Two To Four Units Water Source Public

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Youmu Ventures Llc: 312-888-5486.


© 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 2022-10-04T18:00:35.323 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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