6820 S Perry Avenue
Chicago, IL, 60621
$1,584,000
Beds
0 Baths
SqFt
0 Acres
$1,584,000
6820 S Perry Avenue
Chicago, IL, 60621
MLS #MRD11924438 img 0
The unique opportunity to acquire a meticulously maintained 19-unit walk-up building in the Greater Grand Crossing neighborhood of Chicago. This exceptional property features spacious all two-bedroom units, each offering 1,000 sq f of living space adorned with beautiful hardwood floors. The property has undergone several notable improvements, including newer windows, all copper plumbing, a high-efficiency boiler, updated electric systems, a new fence, and recent tuckpointing and security cameras. There is potential for a significant increase in rent amount achieving a 12.2 cap rate, with the possibility to use an existing management company Taty Management. Conveniently situated just 9.3 miles south of Chicago’s downtown loop area. It is located near “Chicago Transportation Authority” (CTA) 69th Street Red Line train station, ensuring easy commuting options for residents. Additionally, the proximity to the I-94 Expressway and several CTA bus stops, including 24, 67, and 167 routes.

Property Details

Price:
$1,584,000
MLS #:
MRD11924438
Status:
Active Under Contract
Beds:
0
Baths:
0
Address:
6820 S Perry Avenue
Type:
Commercial
City:
Chicago
Listed Date:
Nov 5, 2023
State:
IL
ZIP:
60621
Subdivision:
Lot Size:
Year Built:
1926

Schools

Interior

Cooling
Window Unit(s)

Exterior

Construction Materials
Brick

Financial

Buyer Agent Compensation
2%-$425Net Sale Price
Net Operating Income
$148,188
Tax Year
2021
Taxes
$20,701
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Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.

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6820 S Perry Avenue
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