7950 S Exchange Avenue #7950-7956
Chicago, IL, 60617
$349,000
Beds
0 Baths
20,000 SqFt
0 Acres
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$349,000
7950 S Exchange Avenue #7950-7956
Chicago, IL, 60617
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Incredible deal! Updated 9 Unit Apartment building in the South Shore/South Chicago Neighborhood. Property sits on a double lot (2 pins). Building is located just a few miles South of the South Shore Golf Course, walking distance to the metro and steps away from the new development “Thrive Exchange”. Cash flow with 8 of the 9 units rented. 3 Office units, (2) 2 Bedrooms, (1) 3 Bedroom 2 bath, (2) 1 Bedrooms. The apartments have been renovated. Bonus: Gutted coach house with 3 car garage. Ready to be finished for added cash flow. Plenty of Parking for tenants and businesses.

Property Details

Price:
$349,000
MLS #:
MRD11944987
Status:
Active Under Contract
Beds:
0
Baths:
0
Address:
7950 S Exchange Avenue #7950-7956
Type:
Commercial
Subtype:
Mixed Use
City:
Chicago
Listed Date:
Dec 11, 2023
State:
IL
Finished Sq Ft:
20,000
ZIP:
60617
Year Built:
1928

Schools

Interior

Cooling
Central Individual

Exterior

Construction Materials
Brick, Concrete

Financial

Buyer Agent Compensation
AS A PERCENTAGE OF THE NET SALE PRICE. THE NET SALE PRICE IS THE GROSS SALE PRICE MINUS AMOUNTS TO BE CREDITED OR PAID TO THE BUYER, AS REFLECTED IN THE INITIAL SALES CONTRACT. FOR COMMERCIAL LEASE PROPERTIES, NET COMPENSATION MAY BE PAID ON NEGOTIATED VARIABLES AS INDICATED IN THE COMPENSATION/COMMISSION AGREEMENT.Net Sale Price
Net Operating Income
$46,631
Tax Year
2021
Taxes
$11,785
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Debra Dobbs

Debra Dobbs

Realtor®

Phone 312 307-4909

Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.

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Courtesy of Wulf Properties Realty Corp. 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.
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7950 S Exchange Avenue #7950-7956
Chicago, IL