7413 S CHAPPEL Avenue, CHICAGO IL 60649 Photo 1
Listing Courtesy of Amg Properties

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7413 S CHAPPEL Avenue - Great Location 6 Unit in the heart of South Shore being offered. This is a value add property that has a lot of potential. Apartments are a mix of 1 and 2 bedrooms with a large layout. Newer porch on building. Property is stabilized but has a lot of room for increased rents, perfect for the savvy investor to come in and add their professional touches to increase the NOI.

Listing information

  • MLS® ID: 09324470
  • Status: Active
  • New Construction: No
  • Lot Size: 35X132
  • Style: Multi-Family
  • Stories: 3
  • Foreclosure: No
  • Estimated Annual Taxes: $2,253
  • Year Built: 1924
  • Parking Type Description: None 0 cars
  • Lot Area: 0.10
  • County: Cook

Features

Air Conditioning Window Unit/s
Approximate Age Older
Built Before 1978 (Y/N) Yes
Construction Brick
Current Use Residential-Multi-Family
Electrical Service Circuit Breakers
Exterior Building Type Brick
Franchisor Feed(y/n) No
Frontage/Access City Street
Heat/Ventilation Forced Air, Gas, Separate Per Unit
Information 24-Hr Notice Required, Listing Agent Must Accompany, No Sign on Property
Other # Of Ranges - 6, # Of Refrigs - 6, # Of Units - 6, Approx Total Bldg Sq Ft - 6105, Electricity Expense - 900, Expense Year - 2015, Fuel Expense - 1800, Gross Rent Multiplier - 4.85, Gross Rental Income $ - 57489, Insurance Expense - 3000, Janitor Expense - 1500, Net Oper Income $ - 58440, Net Operating Income Year - 2015, Other Expenses - 0, Repairs-Decor Expense - 1800, Scavenger Expense - 1200, Tax Year - 2015, Total Annual Exp - 28452, Total Annual Income - 57489, Total Monthly Income - 4790, Township - Hyde Park, Water Expense - 1200, Zoning Type - Multi
Owners Assoc (Y/N) No
Possession Immediate
Potential Use Residential-Multi-Family
Property Type Multi Family 5+
Tenant Pays Air Conditioning, Electric, Heat, Hot Water
Type Multi-Family Flats
Utilities To Site Water to Site, Water-Municipal
Listing Courtesy of Amg Properties