$599,053
7146 S Ridgeland Avenue
Chicago, IL, 60649
Welcome to Jackson Park, the finest area in South Shore, where an exceptional opportunity awaits you. This 6-unit building boasts a desirable layout, with each unit featuring 2 spacious bedrooms and 1 bathroom along with huge living rooms, dining rooms, and sunrooms. Individual utilities ensure convenience and flexibility for both tenants and landlords. Brand new duck work and back porch in 2022. 3 units has been renovated to perfection in 2018. Moreover, the highly anticipated Obama Library, currently under construction nearby, promises to further enhance the value of the area in the coming years. There exists a notable potential to enhance the property’s value through the upward adjustment of current below-market lease rates to align with prevailing market-level lease rates during the time of renewal or execution of new leases.
Property Details
Price:
$599,053
MLS #:
MRD11976319
Status:
Active
Beds:
0
Baths:
0
Address:
7146 S Ridgeland Avenue
Type:
Commercial
City:
Chicago
Listed Date:
Feb 8, 2024
State:
IL
ZIP:
60649
Year Built:
1914
Schools
Interior
Fireplaces Total
6
Exterior
Financial
Buyer Agent Compensation
2% ON NETNet Sale Price
Tax Year
2022
Taxes
$5,347
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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7146 S Ridgeland Avenue
Chicago, IL
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