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34 Properties Within 0.5 miles of: 9200 S Ellis, Chicago

9200 S Ellis
Chicago, IL 60619

  • 5 Beds
  • Built In 1929
Price

$299,000

Est Payment
$1,787 / month (details)  
Taxes
$2,751  
Beds
5  
Rooms
10  
Type
Two to Four Units  
Sq. Ft.
n/a  
Lot Size
4,061  
Built
1929  
Neighborhood
Burnside  
MLS
#11043377
Status
Expired

Property Description

**BUYER FINANCING FELL THROUGH**. 9200 S. Ellis is comprised of two (2) incredibly spacious 2bd/2ba and 2bd/1ba units boasting roughly 2,800 square feet of living space. 1st floor apartment is used as a duplex down or a bonus option to add in a completed 3rd basement unit. Both units have been renovated and equipped with updated kitchens and baths. Recent capital improvements to the building consist of, but not limited to: brand new hot water tank (2021), new fernace, and plumbing updates (2019). Additionally, there are in-unit laundry hook ups for washing and drying machines. Furthermore, there are (2) private garaged parking spots at the rear of the building which provide tenants an additional amenity. 9200 S. Ellis provides an investor with a unique opportunity to acquire a stabilized, 100% occupied, and strong cash flowing asset ($2,000.00 total per month in total rents) in Chicago's desirable pocket of Burnside. From day one, a new owner will capitalize on an incredibly strong, subsidized tenant base, and will realize an in place cap rate of 7.74% and a cash-on-cash return of over 31%.

Property Map

Property Details

Utilities

  • Heating Natural Gas, Forced Air
  • Cooling
  • Water Lake Michigan, Public
  • Sewer Public Sewer

Additional Information

Parking
2 Garage Spaces, Owned
Schools
District 299

Payment Calculator

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

04-05-2021 Listed at $319,000
04-07-2021 Price decreased by $20,000 to $299,000
04-20-2021 Status changed to Under Contract
06-11-2021 Status changed to Active
06-28-2021 Status changed to Under Contract
07-13-2021 Status changed to Active
04-01-2022 Status changed to Expired
Last Modified 4/1/22 12:05 AM

Nearby Transportation

  • Bus 95 0.1 mi
  • Bus 5 0.1 mi
  • Bus 4 0.2 mi
  • Bus 100 0.4 mi
  • Bus 115 0.4 mi
  • Bus 3 0.6 mi
  • Bus 87 0.6 mi
  • Bus 28 0.7 mi
  • Bus 111 0.8 mi
  • Bus 34 1.1 mi
  • Bus 119 1.1 mi
  • Bus 103 1.1 mi
  • Bus 106 1.1 mi
  • Bus 29 1.2 mi
  • Metra Electric 0.2 mi
  • I 94 West 1.3 mi
  • I 94 East 1.4 mi
  • I 90 East 1.6 mi
  • Hwy 57 1.6 mi
  • I 90 West 2.3 mi
  • Hwy 57 2.4 mi
  • I 90 East 4.3 mi
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