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7317 S Union Ave 6 Unit Apartment Building $465,000 ($77,500/Unit) Chicago, IL 60621
Investment Highlights
- South Side Location with Strong Accessibility
- Residential Neighborhood Setting
- Value-Add / Investment Opportunity
Executive Summary
Located in the Englewood neighborhood on the South Side of Chicago. Well-known residential area bordered roughly by Garfield Blvd., and 75th St. Near community areas including the Greater Grand Crossing, Park Manor and several CTA bus routes such as Routes 8/Halsted, 79th St., and Rapid transit station at the 79th St., on the Red Line. The Metra station is Gresham Station, Rock Island District Line. Full brick 6-Unit building with great curb appeal consisting of: A. 3-Units each 2-bedrooms, 1-bath, individual furnaces/A/C and 1-water tank. (North portion of the building). B. 3-Units each 1-bedroom, 1-bath with individual furnaces/A/C and 1-water tank (South portion of the building). C. Full basement with the possibility to add/create 2-more units with furnace and rough plumbing in there. 3-Units are updated with new kitchens, hardwood floors and S.S. appliances. Unit # 3 South is CAH tenant with monthly lease of $1,010 but utilities are paid by landlord. Within minutes to major roads, Lake Shore Dr., and interests. Income and expenses numbers are under Additional Information. Per sellers direction and due to tenant occupied building, interior access requires buyer-per-approval in advance.
Property Facts
| Price | $465,000 | Lot Size | 0.12 AC |
| Price Per Unit | $77,500 | Building Size | 7,014 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1913 |
| Property Subtype | Apartment | Parking Ratio | 0.43/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | RT-4 | ||
| Price | $465,000 |
| Price Per Unit | $77,500 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 7,014 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1913 |
| Parking Ratio | 0.43/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RT-4 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 3 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 20-28-115-005-0000 | Improvements Assessment | $30,500 |
| Land Assessment | $1,500 | Total Assessment | $32,000 |
Property Taxes
Parcel Number
20-28-115-005-0000
Land Assessment
$1,500
Improvements Assessment
$30,500
Total Assessment
$32,000
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7317 S Union Ave