$950,000
7101-05 W Foster Place
Chicago, IL, 60656
MULTIPLE OFFERS RECEIVED – FINAL AND BEST DUE 5 PM MONDAY. the opportunity to own an asset of this caliber rarely presents itself; come strong. In 20 years you’ll tell the story and how much you “overpaid” for the estate and the room will erupt in laughter. Win this…. Watch the video for a curated walkthrough and view the 3d tour to see the building before stepping inside. This 6-car brick and stone garage, vacant 6-unit full masonry, corner building with a true backyard is for sale for the first time since being built. If the 6-car garage wasn’t a first for you, imagine owning a property lived in and cared for by nuns, fully equipped with architectural stained glass. You’ve never seen a property in better shape. Radiant heated floors throughout are powered by a boiler replaced in 2023. Central AC in each unit with varying condenser ages. Roof gutters were replaced in 2020. The roof was replaced in 2013. Windows were replaced in 2016 and 2018. This crown jewel, armchair investment sits in Big Oaks in Norwood Park with easy access to Downtown and the suburbs. The median rent for 2-bed, 1-bath units in the neighborhood is $1,825. The median rent for 1 bed, 1 bath units in the neighborhood is $1,375. 6 parking spaces equals $600 monthly. That puts monthly income at $11,100. That’s an 11.65% CAP rate and a GRM of 7.1. Don’t miss out on this truly once-in-a-lifetime property. Water/Sewer/Garbage $700.00 | Electric: $1,060.00 | Gas: $3,000.00 | Maintenance: $5,500.00 | Insurance: $15,000.00 | 3-year average: $25,260.00 – WalkScore 82 | TransitScore 53 | BikeScore 61 | 2-minute Lyft, 7-minute L ride, or a 3-minute cycle to Downtown Harwood Heights | 1 Divvy station 300 ft away | 0.6 mi to the Blue Line CTA Harlem Stop | The 90 bus lines are within 0.1 mi or closer.
Property Details
Price:
$950,000
MLS #:
MRD12014895
Status:
Active Under Contract
Beds:
0
Baths:
0
Address:
7101-05 W Foster Place
Type:
Commercial
City:
Chicago
Listed Date:
Mar 29, 2024
State:
IL
ZIP:
60656
Lot Size:
5,987 sqft / 0.15 acres (approx)
Year Built:
1965
Schools
Interior
Cooling
Central Air
Exterior
Construction Materials
Brick, Concrete, Stone
Roof
Composition
Financial
Buyer Agent Compensation
2% – $495 OF NET SPNet Sale Price
Tax Year
2022
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
More About DebraMortgage Calculator
Map
Similar Listings Nearby
- 2828 N Lawndale Avenue
Chicago, IL$1,230,000
0.00 miles away
- 6200 S Western Avenue
Chicago, IL$1,200,000
0.00 miles away
- 2256 W Roscoe Street
Chicago, IL$1,200,000
0.00 miles away
- 5241 S Cicero Avenue
Chicago, IL$1,200,000
0.00 miles away
- 5703-17 N Elston Avenue
Chicago, IL$1,200,000
0.00 miles away
- 3711 W LAWRENCE Avenue
Chicago, IL$1,200,000
0.00 miles away
- 13536 S Brandon Avenue
Chicago, IL$1,200,000
0.00 miles away
- 1759 W 21st Street
Chicago, IL$1,200,000
0.00 miles away
- 1322 W Ohio Street
Chicago, IL$1,200,000
0.00 miles away
- 5158 N Ashland Avenue
Chicago, IL$1,200,000
0.00 miles away
Courtesy of Compass. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Chicago, IL. Detailed information about real estate listings held by brokerage firms other than Compass / The Debra Dobbs Group include the name of the listing broker. Neither the listing company nor Compass / The Debra Dobbs Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Chicago, IL. All rights reserved.
7101-05 W Foster Place
Chicago, IL
LIGHTBOX-IMAGES