**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
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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
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
For More Information
(312) 528-9200
For more information about 9200 S Ellis, Chicago, IL 60619 contact Corcoran Urban Real Estate.
Broker Reciprocity
Listing provided by RE/MAX 10
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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.