7959 South Prairie AvenueChicago, IL 60619Price: $420,000

  • Price: $420,000
  • 21 Days on Market
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Federal 30-year interest rate: 5.81% last updated on Jun 23, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 0.19Acreage
  • 1926Year Built

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A Must See Eight (8) Unit Building in the Charming Chatham Neighborhood. Two (2) units have two (2) bedrooms with one (1) bathroom and six (6) units have one (1) bedroom with one (1) bathroom. The living rooms, dining rooms and bedrooms are all large and comfortable. The thermal pane windows are 10 to 15 years old. Five (5) units have been rewired, the Boiler is 11 years old, and the 75-gallon water heater is about Seven (7) years old. While significant updates have been made to two (2) apartments, two (2) units require significant repairs, and the roof and four (4) units require typical standard wear and tear maintenance. The backyard is well lit, and has a large patio area and the exterior porches are up to city code. In fact, there are no code violations on this property. This asset is near schools, shopping, bus routes, CTA rapid transit and the Dan Ryan expressway. Projected two-bedroom rents are $1,100+. Projected one-bedroom rents are $950 per unit. Additional value adds include income to park in the four-car garage and adding for pay washer and dryers. With some repairs this is a true treasure.

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Listed by Michael LaFargue and Stewart Morales of Coldwell Banker Realty

Based on information submitted to MRED  as of June 28, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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