3847 S Michigan Avenue, Chicago IL 60653 Photo 1
Listing Courtesy of Keller Williams Preferred Rlty

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3847 S Michigan Avenue - Attention Savvy Investors! Check out this Greystone 6 Flat Building! Long Time Owner has Updated this Great Building with New Windows, Roof, Central Heat, and Hot Water Tank! Electric is Separately Metered! This Property Would be a Great Asset to an Investor's Portfolio! Close to Shopping, Transportation! Serious Buyers Only, Please. Must Show Minimum of 20% Liquidity if Financing. Sold As-IS

Listing information

  • MLS® ID: 10516890
  • Status: Active
  • New Construction: No
  • Lot Size: 25X152
  • Style: Multi-Family
  • Stories: 3
  • Foreclosure: No
  • Estimated Annual Taxes: $7,506
  • Year Built: 1885
  • Parking Type Description: None 0 cars
  • Lot Area: 0.08 Acres
  • County: Cook

Features

Approximate Age Older
Basement Description Unfinished
Built Before 1978 (Y/N) Yes
Current Use Residential-Multi-Family
Electrical Service Circuit Breakers, Separate Meters
Exterior Building Type Brick, Stone
Franchisor Feed(y/n) No
Frontage/Access City Street, Public Road
Fuel Expense Source Actual
Heat/Ventilation Gas
Information No Sign on Property
Other # Of Ranges - 6, # Of Refrigs - 6, # Of Units - 6, Approx Total Bldg Sq Ft - 5219, Electricity Expense - 600, Expense Year - 2018, Fuel Expense - 5700, Gross Rent Multiplier - 8.43, Gross Rental Income $ - 53400, Insurance Expense - 2780, Janitor Expense - 0, Net Oper Income $ - 42820, Other Expenses - 0, Repairs-Decor Expense - 0, Scavenger Expense - 0, Tax Year - 2018, Total Annual Exp - 10580, Total Annual Income - 53400, Total Monthly Income - 4450, Township - South Chicago, Water Expense - 1500
Potential Use Condominium, Zoning Change Required
Property Type Multi Family 5+
Tenant Pays Electric
Type Multi-Family Corridor-Interior Entrance
Unincorporated (Y/N) No
Listing Courtesy of Keller Williams Preferred Rlty