7001 S Michigan Avenue, CHICAGO IL 60637 Photo 1
Listing Courtesy of Mascv Real Estate Inc.

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7001 S Michigan Avenue - OVER 30 UNITS, NEED SOME WORK, GREAT INVESTMENT, NEEDS SOME WORK, BANK ORDER SALES, BRING BEST OFFER.

Listing information

  • MLS® ID: 09210995
  • Status: Active
  • New Construction: No
  • Lot Size: .25
  • Style: Multi-Family
  • Stories: 3
  • Foreclosure: No
  • Estimated Annual Taxes: $25,997
  • Year Built: 1927
  • Parking Type Description: None 0 cars
  • Lot Area: 0.35
  • County: Cook

Features

Air Conditioning None
Approximate Age 36-50 Years
Assessment Includes None
Basement Description Unfinished
Built Before 1978 (Y/N) Yes
Construction Brick
Current Use Residential-Multi-Family
Electrical Service 201-600 Amps
Exterior Building Type Brick
Fire Protection None
Foundation Block
Franchisor Feed(y/n) No
Frontage/Access City Street
Fuel Expense Source Broker Projection
Heat/Ventilation Central Bldg Heat
Information Court Approval Required, Exclusions-Call List Office, No Sign on Property
Known Encumbrances Other
Land Amenities Other
Misc Inside Other
Other # Of Dishwashers - 0, # Of Disposals - 0, # Of Dryers - 0, # Of Ranges - 15, # Of Refrigs - 15, # Of Units - 30, # Of Washers - 0, # Of Window/Ac - 0, Electricity Expense - 2900, Expense Year - 2015, Fuel Expense - 0, Green Supporting Documents - N, Gross Rent Multiplier - 20.5, Gross Rental Income $ - 14400, Insurance Expense - 300, Janitor Expense - 2500, Net Oper Income $ - 4200, Net Operating Income Year - 2015, Other Expenses - 45000, Repairs-Decor Expense - 150000, Scavenger Expense - 220, Tax Year - 2014, Total Annual Exp - 8570, Total Annual Income - 144000, Total Monthly Income - 12000, Township - Jefferson, Water Expense - 3000, Zoning Type - Multi
Owners Assoc (Y/N) No
Ownership Type Land Trust
Possession Closing
Potential Use Residential-Multi-Family
Property Type Multi Family 5+
Roof Structure Other
Sale Terms Cash Only, Conventional
Tenant Pays Electric
Type Multi-Family Other
Washer/Dryer Lsd (Y/N) No
Listing Courtesy of Mascv Real Estate Inc.