((Motivated Sellers just Dropped the price!)) Decent looking property with some Great 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))
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Property Details
Utilities
Heating
Cooling Window Unit(s)
Water
Sewer
Additional Information
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Listing History
03-21-2024
Listed at $349,888
04-19-2024
Status changed to Cancelled
Last Modified 4/19/24 3:23 PM
Nearby Transportation
Bus 30
0.2 mi
Bus 26
0.2 mi
Bus 71
0.2 mi
Bus 95
0.2 mi
Bus 5
0.2 mi
Bus 87
0.2 mi
Bus 100
0.9 mi
Bus 15
1.1 mi
Bus J14
1.1 mi
Metra Electric
0.5 mi
I 90 West
0.3 mi
I 90 East
1.3 mi
I 94 West
2.2 mi
I 94 East
2.4 mi
I 90 East
2.6 mi
Hwy 57
3.9 mi
Hwy 57
4.7 mi
For More Information
(312) 528-9200
For more information about 8927 S Muskegon, Chicago, IL 60617 contact Corcoran Urban Real Estate.
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