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    2838 S Union Avenue

    Chicago, IL 60616
    • $888,000
    • STATUS: Active
    • ON SITE: 35 days
    • MLS #: 11017284
    UPDATED: 38 min ago
    $888,000
    • 11
      BEDS
    • 0.13
      ACRES
    • 5
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    School District:
    299

    Description

    Great turnkey investment opportunity with proforma 7.5% CAP rate, expected rental income of $6565/month including 4-car tandem garage when fully rented, very good existing tenants who have always paid rent on time; it also functions as an owner-occupied property while rental incomes can help mortgage payments. One of a kind, luxuriously remodeled, solid brick legal 3-unit with an additional in-law unit at the basement, situated on double lots 50'x121.7' with 2 separate PINS, in prime Bridgeport area, within Healy school district, close to parks and grocery, features a high-class kitchen, smart 4-door refrigerator, granite island and countertops, exhaust hood, soft close cabinets, backlighting LED tray ceilings; rainfall full body shower system, smart Nest thermostat, electric fireplace, new high-efficiency HVAC and water tanks, etc. The in-law unit has its own kitchen, central heat, washer/dryer hookup, and separate egress; Broker owned. 1-year home warranty provided for peace of mind.

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2021-04-16T06:56:49.8 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    2838 S Union Avenue Chicago, IL 60616

    • Price: $888,000
    • Status: Active
    • Updated: 38 min ago
    • MLS #: 11017284
    11
    Beds
    5
    Baths
    0
    ½ Baths
    0.13
    Acres
    Neighborhood:
    Chi - Bridgeport
    County:
    Cook
    Area:
    Chi - Bridgeport
    School District:
    299
    Property Description
    Great turnkey investment opportunity with proforma 7.5% CAP rate, expected rental income of $6565/month including 4-car tandem garage when fully rented, very good existing tenants who have always paid rent on time; it also functions as an owner-occupied property while rental incomes can help mortgage payments. One of a kind, luxuriously remodeled, solid brick legal 3-unit with an additional in-law unit at the basement, situated on double lots 50'x121.7' with 2 separate PINS, in prime Bridgeport area, within Healy school district, close to parks and grocery, features a high-class kitchen, smart 4-door refrigerator, granite island and countertops, exhaust hood, soft close cabinets, backlighting LED tray ceilings; rainfall full body shower system, smart Nest thermostat, electric fireplace, new high-efficiency HVAC and water tanks, etc. The in-law unit has its own kitchen, central heat, washer/dryer hookup, and separate egress; Broker owned. 1-year home warranty provided for peace of mind.
    Exterior Features

    Exterior Building Type Brick Foundation Details Concrete Perimeter Garage Details Garage Door Opener(S)Tandem Garage On Site Yes Garage Ownership Owned Garage Type Detached Is Parking Includedin Price Yes Lot Features Fenced YardLandscaped Number Of Cars 4 Parking Garage Unit1 Floor Level 1 Unit2 Floor Level 2 Unit3 Floor Level 2 Unit4 Floor Level B Waterfront YN No

    Interior Features

    3 Bedroom Unit In Building Yes Appliances Features Unit1 StoveRefrigeratorWasherDryerDishwasherMicrowaveDisposalCentral Air ConditionerFireplace-ArtificialLaundry Hook-UpRange HoodHardwood FloorsOven/Built-In Appliances Features Unit2 StoveRefrigeratorWasherDryerMicrowaveCentral Air ConditionerGarage/SpaceLaundry Hook-UpRange Hood Appliances Features Unit3 StoveRefrigeratorWasherDryerMicrowaveCentral Air ConditionerGarage/Space Appliances Features Unit4 RefrigeratorLaundry Hook-UpRange Hood Basement FullWalkout Basement Description Finished Bath Amenities WhirlpoolSeparate ShowerFull Body Spray Shower Bathrooms Total Integer 5 Bedrooms Below Grade 0 Bedrooms Possible 11 Full Baths In Building 5 Full Baths In Unit1 2 Full Baths In Unit2 1 Full Baths In Unit3 1 Full Baths In Unit4 1 Half Baths In Building 0 Half Baths In Unit1 0 Half Baths In Unit2 0 Half Baths In Unit3 0 Half Baths In Unit4 0 Heating Natural Gas Number Of Bedrooms Unit1 4 Number Of Bedrooms Unit2 2 Number Of Bedrooms Unit3 3 Number Of Bedrooms Unit4 2 Number Of Rooms Unit1 8 Number Of Rooms Unit2 4 Number Of Rooms Unit3 5 Number Of Rooms Unit4 4 Other Equipment Co Detectors Room Type Workshop Rooms Total 20

    Property Features

    Additional Parcels YN Yes Age Description Unknown Built Before1978 YN Yes Community Features ParkStreet LightsStreet Paved Corporate Limits Chicago Fuel Expense 0 General Information None Gross Income 78780 Insurance Expense 2100 Lease Exp Date Mo Yr Unit1 Est. Lease Exp Date Mo Yr Unit2 Mtm Lease Exp Date Mo Yr Unit3 03/22 Lease Exp Date Mo Yr Unit4 Est. Lot Size Less Than .25 Acre Lot Size Dimensions 50X121.72 Net Operating Income 67000 New Construction YN No Other Addl Income Garage/S Other Expenses 0 Property Sub Type 4 Flat Rebuilt YN No Rehab Year 2019 Rehab YN Yes Security Deposit Unit1 0 Security Deposit Unit2 1250 Security Deposit Unit3 1415 Security Deposit Unit4 0 Sewer Public Sewer Special Assessments N Special Listing Conditions Home Warranty Special Service Area N Tax Annual Amount 9923.05 Tax Year 2019 Tenant Pays Unit1 ElectricGasHeat Tenant Pays Unit2 ElectricGasHeatParking Tenant Pays Unit3 ElectricGasHeatParking Tenant Pays Unit4 ElectricGasHeat Total Rental Income 78780 Unit1 Rent 2750 Unit2 Rent 1375 Unit3 Rent 1415 Unit4 Rent 1000 Water Sewer Expense 1318 Water Source Public

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Richland Global Inc.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2021-04-16T06:56:49.8 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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