643 71st Street

    Chicago, IL 60619
    • $1,725,000
    • STATUS: Active Under Contract
    • ON SITE: 73 days
    • MLS #: 10130935
    Under Contract
    UPDATED: 30 min ago
    $1,725,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1926
    County:

    School Ratings & Info

    Description

    Coldwell Banker Commercial NRT is pleased to present a mixed-use apartment building located at 643 East 71st Street in Chicago, Illinois. The property is located in Park Manor; an area on the southside of Chicago residing in the Greater Grand Crossing community,approximately nine (9) miles directly south of the Loop, with convenient access to Interstate 90 and 94. The CTA 69th Red Line Station is located one mile northwest of the property. CTA bus stops are conveniently located on 71st Street, which is walking distance from the property. Additionally, Midway International Airport is approximately nine (9) miles northwest of the property. The unit mix is comprised of 27 one-bedroom/one-bathroom units,10 two-bedroom/one-bathroom units,and four retail spaces. The apartment units measure approximately 650 and 800 square feet respectively. The retail spaces measure approximately 1,000 square feet each. The property also features an on-site laundry facility. 10.8% CAP.

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    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or T2K Properties. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than T2K Properties are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing. Data last updated: 2019-01-19T12:51:12.633.

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    www.t2kproperties.com/homes/89184727

    643 71st Street Chicago, IL 60619

    • Price: $1,725,000
    • Status: Active Under Contract
    • Updated: 30 min ago
    • MLS #: 10130935
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1926
    Built
    Neighborhood:
    Chi - Greater Grand Crossing
    County:
    Cook
    Area:
    Chi - Greater Grand Crossing
    Property Description
    Coldwell Banker Commercial NRT is pleased to present a mixed-use apartment building located at 643 East 71st Street in Chicago, Illinois. The property is located in Park Manor; an area on the southside of Chicago residing in the Greater Grand Crossing community,approximately nine (9) miles directly south of the Loop, with convenient access to Interstate 90 and 94. The CTA 69th Red Line Station is located one mile northwest of the property. CTA bus stops are conveniently located on 71st Street, which is walking distance from the property. Additionally, Midway International Airport is approximately nine (9) miles northwest of the property. The unit mix is comprised of 27 one-bedroom/one-bathroom units,10 two-bedroom/one-bathroom units,and four retail spaces. The apartment units measure approximately 650 and 800 square feet respectively. The retail spaces measure approximately 1,000 square feet each. The property also features an on-site laundry facility. 10.8% CAP.
    Exterior Features

    Frontage Access City Street Lot Dimensions 33550 Lot Sq Ft 33550 Number Of Parking Spaces 0

    Interior Features

    Air Conditioning None Number Of Apts 37 Number Of Offices 1 Number Of Stores 3 Number Of Stories 4

    Property Features

    Age Older Built Before1978 YN Yes Contingency Flag Attorney/Inspection Current Use Commercial Electric Expense Source Actual Electrical Service Circuit Breakers Electricity Expense 2793 Expense Year 2017 Fuel Expense 34172 Fuel Expense Source Actual Geographic Locale Chicago South Gross Rental Income Amount 35581 Heat Ventilation Steam Insurance Expense 12550 Insurance Expense Source Actual Net Oper Income Amount 18643 Net Operating Income Year 2017 Number Of Tenants 40 Other Expense Source Actual Other Expenses 10674 Potential Use Residential-Multi-Family Rental Price 8.5 Tax Year 2017 Taxes 27732 Tenant Pays Electric Total Annual Exp 168719 Total Annual Expense Source Actual Total Annual Income 338021 Total Monthly Income 32335 Township Hyde Park Water Expense 18551 Water Expense Source Actual Zoning Type Multi

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Coldwell Banker Commercial Nrt.


    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or T2K Properties. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than T2K Properties are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing. Data last updated: 2019-01-19T12:51:12.633.

    Digital Millennium Copyright Act
     
    T2K Properties
    8750 W. Bryn Mawr Ave. Suite 110E
    Chicago IL, 60631