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$475,000

6711 S Chappel Avenue
Chicago, Illinois 60649

Closed / MLS #10736344 / Multiple Family / South Shore
Listing information updated 8/4/2023 at 1:43pm
* 8% In-Place Cap Rate * Gross Income (w/ 5% vacancy) - $77,700 * NOI - $42,423 Kiser Group is pleased to exclusively offer for purchase 6711 S. Chappel, an eight (8) unit walk up-building located in Chicago's Jackson Park neighborhood, just blocks away from Lake Michigan. Furthermore, 6711 S. Chappel boasts close proximity to the future Presidential Library, as well as the upcoming Tiger Woods developed Golf Course 6711 S. Chappel consists of seven (7) 2b/1ba units and one (1) 1b/1ba units. All the units include spacious layouts and have been well maintained. The building also includes coin operated laundry and five (5) parking spaces for tenant use. 6711 S. Chappel offers a unique opportunity to acquire a cash flowing asset, while also offering a significant value-add opportunity: current rents in the building are significantly lower compared to similar buildings in the area. Additionally, The building currently has eight (8) individual PIN numbers. A new owner could drastically lower their property tax expense by combining the units back to one PIN number.
Water Front:
No
Square Feet:
N/A
Built:
1922
Stories:
3
Current Net Income:
$42,423
Unit 1:
4 room(s) / 1 bed(s) / 1 bath(s)
Unit 2:
5 room(s) / 2 bed(s) / 1 bath(s)
Unit 3:
5 room(s) / 2 bed(s) / 1 bath(s)
Tax Amount:
$9,565
Tax Year:
2018
Zip Code:
60649
City:
Chicago
County:
Cook

Listing Office: Kiser Group Realty Inc

Listing Office Phone: 773.293.5000

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 8/4/2023 at 1:43pm. 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.

South Shore

South Shore, IL

Once a vacation destination for Chicago’s elite, the South Shore has become an increasingly popular place to call home. Located on Chicago’s scenic lakefront, the neighborhood’s beautiful beaches, plentiful green space and easy access to downtown via Lake Shore Drive are attracting a new gener...

Metra

Metra
Metra Electric Main Branch line at 63rd St Metra
Metra
Metra Electric South Chicago Branch line at Bryn Mawr Metra
Metra
South Shore line at 63rd Street
$230,714
Average Sale Price
116
Average Days On The Market
93%
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 6711 S Chappel Avenue, Chicago, IL 60649
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6711 S Chappel Avenue, Chicago, IL 60649 is a multiple family which sold for $475,000. This multiple family has been listed on @properties Christie's International Real Estate since June 2nd, 2020 and was built in 1922. The nearest transit stops include Bryn Mawr Metra Metra Metra Electric South Chicago Branch line.

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