$1,090,000

6,986

square ft

3050 S Loomis Street

Chicago, Illinois 60608

Closed / MLS #11079088 / Multiple Family / Bridgeport

Listing information updated 8/3/2021 at 6:03pm

FANTASTIC INVESTMENT OPPORTUNITY in the favored Bridgeport neighborhood on Loomis St. (almost 7% ROR)!!! Total 6 units with stable tenants of good credits and 0 defaults throughout ownership (6 years). Each unit is its own living space. All 6 units have been remodeled and updated, each with 2 large Bedrooms, 1 Bath, huge Living Room, Dining Area, Kitchen (with all Appliances), Central Air, Enclosed back porch and Storage Locker. Watch the video that shows 1 of the 6 units. Building has 3+ Laundry Rooms plus 2 additional half baths in basement, Patio, Large Backyard with play area. Backyard undergoing further renovation! All Units have separate Gas, Electric. Close to markets, restaurants, buses, and parks. Owner is releasing the fund to move out-of-state to attend to family needs. Would not even consider transferring ownership otherwise. Read the financials. Hassle-free and no-brainer investment!

Full Features

Exterior Type:

Brick

Basement:

Cellar

Water Front:

Square Feet:

6,986

Built:

1905

Cooling System:

Central Air

Stories:

Roof:

Membrane,Rubber

Current Use:

Multi-Family

Potential Use:

Condominium, Multi-Family, Single Family

Zoning:

MULTI

Building Square Feet:

6,986

Current Net Income:

$76,332

Unit 1:

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

Unit 2:

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

Taxes & Assessments

Tax Amount:

$10,568

Tax Year:

2019

Location

Zip Code:

60608

City:

Chicago

County:

Cook

Listing Office: Concentric Realty, Inc

Listing Office Phone: 630.216.9689

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 6:03pm. 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.

Bridgeport, IL

Bridgeport is the birthplace of five Chicago mayors and the home of the Chicago White Sox. But that’s only part of its story. Today, the close-knit neighborhood is experiencing a renaissance of sorts. In recent years, residential developers have jumped on opportunities to convert older warehouses...

Learn More

CTA

Orange line at Ashland

$496,238

Average Sale Price

Average Days On The Market

97%

Sales Prices VS. List Price

Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.

New Listings in Bridgeport, IL

Recently Sold Homes in Bridgeport, IL

Popular Neighborhoods near Bridgeport, IL

3050 S Loomis Street is a multiple family which sold for $1,090,000. This multiple family has been listed on @properties since May 6th, 2021 and was built in 1905. The nearest transit stops include Ashland CTA Orange line.