7956 S Harvard Avenue, CHICAGO IL 60620 Photo 1 7956 S Harvard Avenue, CHICAGO IL 60620 Photo 2 7956 S Harvard Avenue, CHICAGO IL 60620 Photo 3 7956 S Harvard Avenue, CHICAGO IL 60620 Photo 4 7956 S Harvard Avenue, CHICAGO IL 60620 Photo 5 7956 S Harvard Avenue, CHICAGO IL 60620 Photo 6 7956 S Harvard Avenue, CHICAGO IL 60620 Photo 7 7956 S Harvard Avenue, CHICAGO IL 60620 Photo 8 7956 S Harvard Avenue, CHICAGO IL 60620 Photo 9 7956 S Harvard Avenue, CHICAGO IL 60620 Photo 10 7956 S Harvard Avenue, CHICAGO IL 60620 Photo 11 7956 S Harvard Avenue, CHICAGO IL 60620 Photo 12 7956 S Harvard Avenue, CHICAGO IL 60620 Photo 13 7956 S Harvard Avenue, CHICAGO IL 60620 Photo 14 7956 S Harvard Avenue, CHICAGO IL 60620 Photo 15 7956 S Harvard Avenue, CHICAGO IL 60620 Photo 16
Listing Courtesy of Coldwell Banker Residential

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7956 S Harvard Avenue - 100% OCCUPIED!! A great 12-UNIT MULTI-FAMILY investment in Chatham neighborhood with 2-car garage. 4 units with 2 bed/1 bath; 4 units with with 1 bed/1 bath; and 4 Studios. Tenants pay all utilities except for water. This is an impressive corner masonry building with attractive cash flows over 16% Cap Ratio. This is a turn-key investment property and is easy to finance. Each unit has its own furnace. There are 3 common water heaters in the basements for all unit. Several units have been rehabbed.

Listing information

  • MLS® ID: 09273670
  • Status: Active with Contingency
  • New Construction: No
  • County: Cook
  • Style: Multi-Family
  • Stories: 2
  • Foreclosure: No
  • Year Built: 1929
  • Parking Type Description: None 0 cars
  • Estimated Annual Taxes: $11,206

Features

Air Conditioning Wall Sleeve
Approximate Age Older
Basement Description Exterior Access, Unfinished
Built Before 1978 (Y/N) Yes
Construction Brick
Contingency Flag Other Contingency
Current Use Residential-Multi-Family
Electrical Service Circuit Breakers, Fuses
Exterior Building Type Brick
Fire Protection None
Foundation Concrete
Franchisor Feed(y/n) No
Frontage/Access City Street
Fuel Expense Source Actual
Heat/Ventilation Central Heat/Indiv Controls
Indoor Parking 1-5 Spaces
Information 24-Hr Notice Required
Misc Inside Storage Inside
Other # Of Dishwashers - 0, # Of Disposals - 0, # Of Dryers - 0, # Of Ranges - 0, # Of Refrigs - 12, # Of Units - 12, # Of Washers - 0, # Of Window/Ac - 0, Approx Total Bldg Sq Ft - 9295, Electricity Expense - 0, Expense Year - 2015, Fuel Expense - 0, Gross Rent Multiplier - 4.24, Gross Rental Income $ - 6880, Insurance Expense - 1073, Janitor Expense - 2400, Net Oper Income $ - 57481, Net Operating Income Year - 2015, Other Expenses - 1348, Repairs-Decor Expense - 1299, Scavenger Expense - 0, Tax Year - 2014, Total Annual Exp - 25079, Total Annual Income - 82560, Total Monthly Income - 6880, Township - South Chicago, Water Expense - 2415, Zoning Type - Multi
Owners Assoc (Y/N) No
Ownership Type Land Trust
Possession Closing
Property Type Multi Family 5+
Roof Coverings Fiberglass
Roof Structure Flat
Sale Terms Conventional
Tenant Pays Electric, Heat
Type Multi-Family Flats
Unincorporated (Y/N) No
Utilities To Site Water-Community
Washer/Dryer Lsd (Y/N) No
Listing Courtesy of Coldwell Banker Residential