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$465,000

6521 S California Avenue
Chicago, Illinois 60629

Closed / MLS #10499446 / Multiple Family / Chicago Lawn
Listing information updated 8/3/2021 at 11:43am
All offers have been submitted by Friday June 11th end of business day. CAP RATE 19.5 PLENTY OF MONTHLY INCOME TO IMPROVE THE BUILDING. Individual rental units may not be shown at this time. Common areas may be viewed. Price lower by $54,500. Property being "SOLD AS IS." 10 UNIT MULTIFAMILY INVESTMENT. Property IS FULLY RENTED WITH MOST LONG TERM TENANTS. Rents are low. Average tenant 10+ years. Property has the potential to earn more income as units are renovated. All tenants on month to month leases. No security deposits being held by the owner. Gated rear area could provide tenant parking or play area. The property includes newer widows, flood light system. A laundry room could also be added for additional income. Agent related to the seller. Co-list Agent related to the seller. This property is located in An Opportunity zone.No written leases to pass on to the new buyer. Lender pre-approval and proof of funds of 30% down to be submitted before booking an appointment. Owner has owned the property for over 18 years. Proof of funds to match down payment and lender pre-approval, Or if cash offer proof of funds needed before showing is confirmed.
Exterior Type:
Brick
Basement:
Partially Finished
Water Front:
No
Square Feet:
N/A
Acreage:
0.21
Built:
1927
Parking Spaces:
10
Stories:
3
Roof:
Membrane
Current Use:
Multi-Family
Potential Use:
Condominium, Multi-Family
Zoning:
MULTI
Current Net Income:
$52,136
Unit 1:
4 room(s) / 2 bed(s) / 1 bath(s)
Unit 2:
3 room(s) / 1 bed(s) / 1 bath(s)
Tax Amount:
$8,449
Tax Year:
2019
Zip Code:
60629
City:
Chicago
County:
Cook

Listing Office: @PROPERTIES

Listing Office Phone: 312.254.0200

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 8/3/2021 at 11:43am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.

$274,931
Average Sale Price
42
Average Days On The Market
100%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 6521 S California Avenue, Chicago, IL 60629
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6521 S California Avenue, Chicago, IL 60629 is a multiple family which sold for $465,000. This multiple family has been listed on @properties Christie's International Real Estate since August 28th, 2019 and was built in 1927.

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