1312 East 62nd StreetChicago, IL 60637Sale Price: $1,050,000

  • Sale Price: $1,050,000
  • 93 Days Since Sale
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Federal 30-year interest rate: 7.02% last updated on May 16, 2024
* 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.
  • 1890Year Built

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1312-14 E. 62nd St, a rarely available six (6) unit, center entrance walk-up located just outside of Hyde Park in Chicago's East Woodlawn neighborhood. The property is located just blocks from the prestigious University of Chicago and the construction site of the future Obama Presidential Library, 1312 E. 62nd St is comprised of four (4) 4Bd/1.5 Ba and two (2) 3Bd/1.5Ba units. All units feature incredibly spacious layouts with updated kitchens and baths. Throughout the years, the building has undergone extensive renovations consisting of, but not limited to: 100% copper plumbing , 600 amp electric service w/ in-unit breaker boxes, individual furnaces, newer porch, newer roof, newer windows and an abundance of cosmetic updates. 1312 E. 62nd St presents an investor the opportunity to acquire a rarely available and highly desirable building in one of Chicago's best neighborhoods. From day one, a new owner will benefit from an incredibly stable and long term tenant base. However, with most of the building's current rents being substantially below current market levels-there is a tremendous amount of value to be added solely by stabilizing rents to levels already being achieved in the building

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Listed by Aaron Sklar of Kiser Group Realty Inc

Listing Sold by Kiser Group Realty Inc

Based on information submitted to MRED  as of May 18, 2024 . 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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