$200,000
$215,000
7.0%For more information regarding the value of a property, please contact us for a free consultation.
7835 S Morgan ST Chicago, IL 60620
6 Beds
2 Baths
4,791 Sqft Lot
Key Details
Sold Price $200,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10724733
Bedrooms 6
Year Built 1909
Annual Tax Amount $2,456
Tax Year 2018
Lot Size 4,791 Sqft
Property Sub-Type Two to Four Units
Property Description
Motivated Seller! This over-sized brick 2 unit in Auburn Gresham is one of the largest 2-flats in the entire neighborhood from a square footage perspective! This jumbo 2-flat is 3,272 square feet and includes a sizable unfinished basement! Each unit features 3 bedrooms,1 bathroom, living room and dining room! Auburn Gresham is a rapidly appreciating Chicago-land neighborhood with tons of investment activity! Huge equity upside here! Rehabbed sold comparable brick 2-unit properties within a square mile sold for an average of $322,000 within the past 6 months! This building provides so many options for a new buyer - fix and rent or renovate and flip! After renovated each 3-bedroom unit can rent for up to $1,400 per month! Looking for more cash flow!? - add an additional bedroom to each unit and duplex the first-floor unit with the basement! 1 car brick garage! Located on a great block! Great for a 203k buyer! Live in one unit and let your tenant pay most of your mortgage payment! Bring your renovation ideas! Take a tour! Make an offer! Won't last long!
Location
State IL
County Cook
Area Chi - Auburn Gresham
Zoning MULTI
Interior
Heating Natural Gas
Exterior
Exterior Feature Porch
Parking Features Detached
Garage Spaces 1.0
Building
Sewer Sewer-Storm
Water Lake Michigan
New Construction false
Schools
School District 299 , 299, 299
Others
Special Listing Condition None
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Bought with Ty Pearson • Keller Williams Preferred Realty