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.

Full Features

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)

Taxes & Assessments

Tax Amount:
$8,449
Tax Year:
2019

Location

Zip Code:
60629
City:
Chicago
County:
Cook
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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6521 S California Avenue is a multiple family which sold for $465,000. This multiple family has been listed on @properties since August 28th, 2019 and was built in 1927.