$425,000
6705 S Indiana Avenue
Chicago, IL, 60637
Cash cow! Legal Brick 4 unit with non-conforming 5th unit in the basement. Large units! Excellent unit mix. Three 2 Bed Units & two 3 Bed Units. The Garden unit is also a 2 Bed and rents for $990. Each unit above ground has a lovely sunroom. The one vacant unit has been updated with stainless steel appliances, updated kitchen & bathroom, and updated sun-room facing north. All long term tenants (over 9+ years all of them). Two Section 8 tenants, two market tenants. Leases coming up for renewal soon and all rents have opportunity to be increased. Tenants pay gas and electricity bills. Recent improvements to the building include newer roof, tuck-pointing, new furnace and hot water tanks within last 5 years. Coin-operated washer and dryer room in the basement area. Lots more room in the basement for potential tenant storage or vending machine. Fenced in back yard. No garage. Excellent location close to highways and transportation.
Property Details
Price:
$425,000 / $450,000
MLS #:
MRD11425035
Status:
Closed ((Jul 14, 2022))
Beds:
12
Baths:
5
Address:
6705 S Indiana Avenue
Type:
Multi Family
City:
Chicago
Listed Date:
Jun 3, 2022
State:
IL
ZIP:
60637
Year Built:
1920
Schools
School District:
299
Interior
Heating
Natural Gas
Exterior
Exterior Features
Porch
Roof
Asphalt
Financial
Buyer Agent Compensation
2.5% – $315%
Tax Year
2020
Taxes
$4,020
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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6705 S Indiana Avenue
Chicago, IL
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