$470,000

David Urbaniak

Office: 312.337.0200

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Kevin J. Rocio

Office: 312.337.0200

Mobile: 312.972.4381

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6702 S Wood Street

Chicago, Illinois 60636

Closed / MLS #12149961 / Multiple Family / West Englewood

Listing information updated 11/20/2024 at 4:43pm

Motivate Seller says, "let investors weigh in"! Introducing a rare, value-add 8 unit, corner red brick building ALONG WITH a stable tenant base. This building is on the market for the first time in over 35 years and one of the very few multi-units for sale in West Englewood. Excellent cash flow (stabilized at over $90K/year) could be even better with a few improvements. Furnaces in each apartment, so tenants responsible for heating bills. Units are in average condition and could be upgraded as they turn over to attract higher paying market rate or vouchered tenants to maximize income. Located between Ashland and Damen close to transportation. New owner could convert up to seven apartments to 2 bedroom units by utilizing the dining rooms as the second bedrooms. One unit has already been converted in that way. Priced at a fully-loaded 9.9 cap at asking.

Full Features

Exterior Type:

Brick

Basement:

Unfinished

Water Front:

Square Feet:

N/A

Acreage:

0.14

Built:

1920

Cooling System:

Window Unit(s)

Stories:

Current Use:

Multi-Family

Zoning:

MULTI

Current Net Income:

$49,294

Unit 1:

4 room(s) / 1 bed(s) / 1 bath(s)

Unit 2:

4 room(s) / 2 bed(s) / 1 bath(s)

Taxes & Assessments

Tax Amount:

$10,120

Tax Year:

2023

Location

Zip Code:

60636

City:

Chicago

County:

Cook

Full Features Taxes & Assessments Location

Exterior Type:

Brick

Basement:

Unfinished

Water Front:

Square Feet:

N/A

Acreage:

0.14

Built:

1920

Cooling System:

Window Unit(s)

Stories:

Current Use:

Multi-Family

Zoning:

MULTI

Current Net Income:

$49,294

Unit 1:

4 room(s) / 1 bed(s) / 1 bath(s)

Unit 2:

4 room(s) / 2 bed(s) / 1 bath(s)

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

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6702 S Wood Street is a multiple family which sold for $470,000. This multiple family has been listed on @properties Christie's International Real Estate since August 28th, 2024 and was built in 1920. The nearest transit stops include Ashland/63rd CTA Green line.