702 E 50th Pl
Chicago, IL 60615
Multifamily Property For Sale
·
6 Units
Property Facts
| No. Units | 6 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 7,300 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1902 |
| Zoning | RM-5 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.17 AC |
| Building Size | 7,300 SF |
| No. Stories | 3 |
| Year Built | 1902 |
| Zoning | RM-5 |
About 702 E 50TH PL , CHICAGO, IL 60615
Monarch Realty Partners is pleased to exclusively list for sale 702-704 East 50th Place. Located in the desirable Bronzeville neighborhood on Chicago's south side, the building consists of six [6] units which are individually PINed and all owned by one party. The process is currently in motion to convert to one PIN by July. The units are comprised of three [3] 3BR/1BA units, two [2] 4BR/1BA units, and one [1] 3BR/2BA unit. All units have individual HVAC and hot water tanks. In 2017 the porch was built, the roof was resurfaced, and new electric meters we're installed along with new appliances. Four of the six units have new kitchens. In the rear are five parking spaces [currently offered first come first serve] and one garage spot which is currently not being used. The subject property is located in an Opportunity Zone, an area where investors can re-invest capital gains via Qualified Opportunity Funds, and receive a federal IRS tax break after 10 years.
Property Taxes
| Parcel Number | 20-10-226-059-0000 | Improvements Assessment | $58,737 |
| Land Assessment | $22,264 | Total Assessment | $81,001 |
Property Taxes
