All offers have been submitted by Friday June 11th end of business day. CAP RATE 19.5 PLENTY OF MONTHLY INCOME TO IMPROVE THE BUILDING. Individual rental units may not be shown at this time. Common areas may be viewed. Price lower by $54,500. Property being "SOLD AS IS." 10 UNIT MULTIFAMILY INVESTMENT. Property IS FULLY RENTED WITH MOST LONG TERM TENANTS. Rents are low. Average tenant 10+ years. Property has the potential to earn more income as units are renovated. All tenants on month to month leases. No security deposits being held by the owner. Gated rear area could provide tenant parking or play area. The property includes newer widows, flood light system. A laundry room could also be added for additional income. Agent related to the seller. Co-list Agent related to the seller. This property is located in An Opportunity zone.No written leases to pass on to the new buyer. Lender pre-approval and proof of funds of 30% down to be submitted before booking an appointment. Owner has owned the property for over 18 years. Proof of funds to match down payment and lender pre-approval, Or if cash offer proof of funds needed before showing is confirmed.
Property Map
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Property Details
Utilities
Heating
Cooling
Water
Sewer
Additional Information
Parking
10 Parking Spaces
Payment Calculator
Listing History
08-28-2019
Listed at $525,000
10-22-2019
Price decreased by $26,000 to $499,000
01-01-2020
Status changed to Under Contract
04-08-2020
Status changed to Active
07-07-2020
Price decreased by $54,500 to $444,500
09-11-2020
Status changed to Under Contract
10-09-2020
Status changed to Active
11-13-2020
Status changed to Under Contract
12-23-2020
Status changed to Active
03-26-2021
Status changed to Expired
04-02-2021
Status changed to Active
06-28-2021
Status changed to Under Contract
08-03-2021
Status changed to Closed
07-30-2021
Sold at $465,000
Last Modified 8/3/21 11:34 AM
Nearby Transportation
Bus 94
0.1 mi
Bus 63
0.3 mi
Bus 49
0.5 mi
Bus 52A
0.5 mi
Bus X49
0.5 mi
Bus 52
0.6 mi
Bus 67
0.7 mi
Bus 59
0.8 mi
Bus 48
1.0 mi
I 94 East
3.2 mi
I 90 East
3.2 mi
I 94 West
3.3 mi
I 90 West
3.3 mi
I 55 South
3.7 mi
I 55 North
3.7 mi
Hwy 57
4.8 mi
Hwy 57
4.9 mi
For More Information
(312) 528-9200
For more information about 6521 S California, Chicago, IL 60629 contact Corcoran Urban Real Estate.
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