Address
7401 South Wabash Avenue Chicago, IL
Price
$ 1,675,000
Property Attributes
  • MLS#10579193
  • TypeMulti-Family
  • CountyCOOK
  • CityChicago
  • AreaCHI - Greater Grand Crossing
  • NeighborhoodPark Manor
  • Zip60619
  • StyleResidential-Multi-Family
  • Year Built1929
  • Taxes11050
  • Price$ 1,675,000
  • Bedrooms5
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Halsted Taylor Real Estate
Property Description

Great investment opportunity in the Park Manor Neighborhood. All twelve (12) condo quality units have been completely gut renovated including, building mechanicals and common areas. The property is currently fully tenanted and has consistent cash flow month over month with an amazing tenant base. This is for serious long-term investors that understand the value in quality construction and asset stability. Buildings of this quality and location are extremely rare and are positioned for lifelong investors looking for consistency and financial stability. This large corner property is located blocks away from local shopping and public transportation. Property Highlights Include: Fully gut renovated large units, new building mechanicals throughout including framing, HVAC, insulation, electrical, plumbing, roof, and masonry. Separate utilities. New coin operated machines in laundry room. New plumbing throughout including water main and underground plumbing system. New vinyl windows/capping. New hardwood floors throughout. Sold with all new stainless-steel appliances. New 600-amp electrical service. Fully renovated common areas, fencing and sidewalks.

Price History
11/21/2019 Listed $1,685,000
1/17/2020 1% - $1,680,000
5/26/2020 1% - $1,675,000

General Features

Age New Rehab
Built Before 1978 Yes
Electric Expense 120
Financing Options Conventional
Multi-Family Type Garden Complex
Status Active
Tax Year 2018
Taxes 11050
Total Annual Income 171900
Total Units 12
Unincorporated (y/n) No
Year Built 1929
Zoning MULTI

Interior Features

Air Conditioning None
Basement Description Unfinished, Exterior Access
Board Number 8
Dryer(s) 2
Fire Protection Smoke or Fire Protectors, Carbon Monoxide Detector(s)
Ranges 12
Refrigerators 12
Total Monthly Income 14325
Total Stories 2
Unit Type 1 Rooms 6
Utilities Water to Site

Exterior Features

Alternate Phone Number (708) 351-3246
Exterior Building Type Brick
Foundation Details Concrete
Frontage/Access City Street, Public Road
Land Amenities Curbs and Gutters, Lighting/Exterior, Sidewalks, Cable Ready
Lot Dimensions 10787
Lot Sq Ft 10787

Room Details

Room Dimensions Level Flooring Details
Dining Room
Family Room
Living Room
Master Bedroom

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 60619

Price
AVG $220K
$1.68M
Taxes
AVG $3,351
$11,050
Visits
AVG 27
75
Year Built
AVG 1911
1929
Walkscore
AVG 70
83
Data Provided by Walkscore ® not using MLS data