Chicago, IL 60617,8602 S Muskegon AVE
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Chicago, IL 60617,8602 S Muskegon AVE
Chicago, IL 60617,8602 S Muskegon AVE
Chicago, IL 60617,8602 S Muskegon AVE
Chicago, IL 60617,8602 S Muskegon AVE

$220,000

Est. payment /mo

$225,000

2.2%
Est.Price: ?

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8602 S Muskegon AVE Chicago, IL 60617

8 Beds

4 Baths

3,049 Sqft Lot

SOLD DATE : 07/30/2019

Key Details

Sold Price $220,000

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 10295952

Bedrooms 8

Maintenance Fees $2,010

Year Built 1911

Annual Tax Amount $3,019

Tax Year 2017

Lot Size 3,049 Sqft

Property Sub-Type Two to Four Units

Property Description

Newly rehabbed in 2017, come see this 4 unit building in the booming South Chicago neighborhood. Each unit features 2 bedrooms, 1 bathroom, large kitchens, laminate flooring and individually controlled heat. Also enjoy a 2 car garage, newer roof and mechanicals. The building has 3 of 4 units occupied currently and a perfect opportunity for the armchair investor or owner occupant to take on. Units have rented consistently between $800 - $850 for the past two years with the value add opportunity of adding laundry in the basement or central air (ductwork in place from furnaces currently). Financials provided are actual taxes, insurance and common area utilities and management. Also, projected repair/maintenance and reserves providing a healthy 12% cap rate with nearly 40k in gross income. Schedule your tour to view today.

Location

State IL

County Cook

Area Chi - South Chicago

Zoning MULTI

Interior

Heating Natural Gas

Exterior

Parking Features Detached

Garage Spaces 2.0

Building

Sewer Public Sewer

Water Lake Michigan

New Construction false

Schools

School District 299 , 299, 299

Others

Special Listing Condition None

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Midwest Real Estate Data (MRED) IDX
Listed by Bradley Magnant • Zumper, Inc.
Bought with Jerrell Dantzler • Real People Realty Inc
agent

Pat Smarto

Managing Broker / Owner | License ID: 471.000052,

+1(847) 338-3848

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