About 8927 South Muskegon Avenue
((Motivated Sellers just Dropped the price!)) Really Decent looking property with some Good Value Add, (still needs a bit of work)... ((8 unit / But its a Legal 6 unit & There's 2 Buildings on the property)). The property is located in South Chicago directly across the street from Bessemer Park with a great swimming pool and tennis courts and right around the corner from Baker College Prep. Several units have been renovated being unit 1B, 2B, 3A, 3B and the coach house units. All the decks have been updated and are to code. The building has some newer windows that have been installed over the past few years. The property does not have any violations and will pass all inspections. All utilities are separate and paid for by the tenants. The building is sitting at a decent cap rate of 7.14% now and that's with only 4 of the 8 units rented & occupied. If all units are rented & occupied the cap rate would be at least a solid 14% conservatively. ((48 HOURS NOTICE IS REQUIRED FOR ALL SHOWINGS PER ILLINOIS TENANTS RIGHTS))
Features of 8927 South Muskegon Avenue
| MLS® # | 12034374 |
|---|---|
| Price | $345,000 |
| Bathrooms | 0.00 |
| Acres | 0.07 |
| Year Built | 1888 |
| Type | Commercial Sale |
| Sub-Type | Multi Family 5+ |
| Status | Active |
Community Information
| Address | 8927 South Muskegon Avenue |
|---|---|
| Area | CHI - South Chicago |
| City | Chicago |
| County | Cook |
| State | IL |
| Zip Code | 60617 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Cooling | Window Unit(s) |
|---|---|
| Fireplace | No |
| Has Basement | No |
Exterior
| Exterior | Aluminum Siding,Vinyl Siding |
|---|---|
| Roof | Fiberglass |
| Foundation | Concrete Perimeter |
Additional Information
| Days on Market | 14 |
|---|---|
| Zoning | MULTI |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Compass |
|---|