Under contract
Contingent
7125 W Addison Street
Chicago IL, 60634
$1,050,000
Under contract
Contingent
Multi-family
Built in 1974
Courtesy of @properties Christie's International Real Estate
Original owners decided it's time to sell. All units are above grade. No garden units! This beautiful yellow brick building is being offered for sale for the first time in 50 years! This high visibility prime corner location offers more parking for tenants as well as more sunlight and an overall open and more comfortable feel! There are 6 parking spaces in the rear off the alley that are sizable and easy to access. The unit mix is comprised of 6 units in total with 5 being 2 bedrooms and 1 bath and 1 unit having 1 bedroom and 1 bath. As you can imagine these rents are very low due to the long time owners and long time tenants. Do your own math and you will be impressed at how much the NOI will change with only a modest rent increase. All tenants are on a month to month lease. Building was newly tuckpointed 3 years ago! Market rents for the 2 bedroom units $1500-$1800 and for the 1 bedroom unit $1150-$1400. See pro forma under additional information using the low end of market rents. This quality 6 unit building is a huge win for your portfolio!
12151750
MLSⓇ ID
August 30, 2024
Listed
December 17, 2024
Updated
Map
7125 W Addison Street
Chicago IL, 60634
Interior Features
Total Stories
3
Fireplace
No
Cooling
Yes
Cooling Description
Wall Sleeve
Heating
No
Exterior/Building Features
Other Property Details
Area Name
CHI - Dunning
Taxes
$13,753
Tax Frequency
Annually
Days on Market
110
Garage
No
View
No
County
Cook
Pool
No
Zoning
MULTI
Listing History
Date | Event | Price |
|---|---|---|
12/17/2024 | Under contract | — |
Courtesy of @properties Christie's International Real Estate, Ralph Milito,
Listing Contact: 847-692-5522
The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Lisa Sanders are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
Based on information submitted to the MLS GRID for MRED 12/17/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
©2024 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.
Data last updated 4:39 PM UTC, 12/17/2024
