317 East 116th StreetChicago, IL 60628Price: $210,000

  • Price: $210,000
  • 127 Days on Market
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Federal 30-year interest rate: 7.19% last updated on Sep 21, 2023
* 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.
  • 0.1Acreage
  • 1902Year Built

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THE BUILDING HAD A FIRE IN JANUARY WITH 2 OUT OF 6 UNITS NEEDING GUT REHAB AS WELL AS PARTIAL ROOF REPLACEMENT. THE REMAINING UNITS ARE IN GOOD/GREAT SHAPE AND RENTABLE (PER SELLER.) THE DESCRIPTION BELOW IS WHEN THE BUILDING WAS FULLY RENTED. THE SELLER IS NEGOTIABLE ON THE PRICE. IF NO OFFER IS ACCEPTED, THE BUILDING WILL BE REHABBED IN 2023 AND BACK ON THE MARKET AT A MUCH HIGHER PRICE. Money Maker in Chicago's West Pullman Area!! 2 Buildings that have been extensively rehabbed!! 4 Units in the front property and 2 units on the rear property. Newer Roofs (4.5 years) on both buildings! New Siding on the front buiding! Newer Windows Throughout! Updated HVAC in the front building and well taken care of HVAC in the Rear Building! Front property has attic to grow. Separate Utilities on all units. Property is minutes away form the 94 Expressway and public transportation. The rents are majorly under market. The sellers have started to raise rents (3 out of 6 units are at $925, 875 and $700 per unit respectively) and the potential rent could be up to $4400 per month!)

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Listed by Malcolm Canders and Boris Oberman of Realty Advisors Elite LLC

Based on information submitted to MRED  as of September 25, 2023 . 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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