$1,525,000
623 E Groveland Parkway
Chicago, IL, 60616
This multifamily real estate opportunity is in the Groveland Park neighborhood of Chicago. The subject property of 623 East Groveland Park is located 6.3 miles south of Chicago’s downtown Loop area. The property is in an exclusive gated community along the shores of Lake Michigan. The unit mix for this property includes six three-bedrooms / one-bathroom units that measure 1,100-1,200 square feet. The units have open floor plans and are newly renovated with modern finishes. The units feature stainless steel appliances, dark hardwood floors and fresh paint. The building has been well maintained through the current ownership. Recent capital improvements include new plumbing, electric, HVAC, roof and other quality finishes around the property. There is also on-site laundry for additional income for the new owner. Parking and storage are currently included in the rent for the tenants.
Property Details
Price:
$1,525,000
MLS #:
MRD11997584
Status:
Active
Beds:
0
Baths:
0
Address:
623 E Groveland Parkway
Type:
Commercial
City:
Chicago
Listed Date:
Mar 6, 2024
State:
IL
ZIP:
60616
Lot Size:
4,960 sqft / 0.11 acres (approx)
Year Built:
1903
Schools
Interior
Exterior
Financial
Buyer Agent Compensation
2% MINUS $500Gross Sale Price
Tax Year
2022
Taxes
$13,513
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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623 E Groveland Parkway
Chicago, IL
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