$55k PRICE REDUCTION. Offered at a 13.69% CAP rate. The asset presents an opportunity for an investor who is looking for a stabilized asset consisting of (6) 2 Bedrooms 1 Bath & (5) 1 Bedroom 1 Bath. This mid-1960's building comes fully rehabbed within the last year. There is upside potential with increasing rents and additional untapped income available through parking and adding washer and dryers. Each unit has separate electric. The exterior was tuckpointed and lentils were replaced approximately two years ago. The roof was silver coated within the last year. The property is fully equipped with an HD security system. The building is walking distance to the South Shore train line and the stop is 87th. This property and 2748 E. 83rd St. can be purchased as a package deal; both in South Chicago. An investor could own a total of 19 units within a five minute drive of each building.
Property Map
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Property Details
Utilities
Heating
Cooling Wall Sleeve, Window Unit(s)
Water
Sewer
Additional Information
Parking
12 Parking Spaces
Payment Calculator
Listing History
10-25-2018
Listed at $429,999
11-08-2018
Price decreased by $30,000 to $399,999
12-03-2018
Price decreased by $24,999 to $375,000
12-28-2018
Status changed to Under Contract
03-11-2019
Status changed to Closed
03-11-2019
Sold at $350,000
Last Modified 3/11/19 4:18 PM
Nearby Transportation
Bus 30
0.1 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
0.8 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 8956 S Escanaba, Chicago, IL 60617 contact Corcoran Urban Real Estate.
Broker Reciprocity
Listing provided by Triton Realty Group LLC
All information provided is deemed reliable but is not guaranteed and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Urban Real Estate are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
