8001 S Perry Avenue Chicago, IL $ 849,900
8001 S Perry Avenue
$ 849,900
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8001 S Perry Avenue

Chicago, IL, 60620
$ 849,900
Bedrooms4 Baths0.0

Monthly Estimate*

$ 5,937

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Multi-Family Home for sale in Chicago, IL

for $849,900 with 4 bedrooms. This home was built in 1929.

Welcome to your next investment opportunity in the vibrant West Chatham area of Chicago! This impeccably maintained 10-unit building offers a prime chance to expand your portfolio while stepping into a turnkey operation. The current rents are below todays market value. Here's a glimpse into what this property has to offer. Property Description: Nestled in the heart of West Chatham, this 10-unit gem stands tall as a testament to enduring quality and care. Boasting a rich history of over 60 years under the stewardship of its current owners, this property exudes a sense of reliability and longevity. Key Features: Appliances Included: The convenience is built right in, as the property comes furnished with stoves and refrigerators provided by the owner, facilitating a seamless transition for new tenants. Underground Water Sprinkler System: Ensuring lush greenery year-round, the underground water sprinkler system keeps the lawn vibrant and welcoming, enhancing curb appeal. Recent Updates: With a roof installed just 3 years ago and windows replaced approximately 8 to 9 years ago, this building showcases modern functionality while preserving its timeless charm. Strategic Location: Situated near interstate highways and major transportation routes, tenants enjoy easy access to urban amenities and commuter convenience. Security Measures: From the gated front entrance with a wrought iron gate to the security gate at the rear, safety and peace of mind are prioritized at every turn. Community Spaces: The updated back porches provide a serene retreat for residents, while the spacious backyard offers a perfect setting for neighborly gatherings and fostering a sense of community. Investment Potential: This property presents an exceptional opportunity for savvy investors seeking to enhance their portfolio. With a solid foundation of long-term ownership, meticulous upkeep, and desirable amenities, it promises both immediate returns and long-term value appreciation. Don't miss out on the chance to make this meticulously maintained building a cornerstone of your real estate portfolio. Take the next step toward securing your future in the thriving West Chatham market today! Price reduced, motivated seller willing to contribute to the buyer's closing cost with a reasonable offer.

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Multi-Family Active

Price

$ 849,900

Bedrooms

4

Property Type

Multi-Family

Taxes

$ 11,575

Style

Multi-Family

Year Built

1929

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12041404

Features
General
Cooling None
Possession Closing Immediate
Zoning MULTI
Construction Materials Brick
Year Built 1929
Electric Circuit Breakers
Tenant Pays Electricity
Stories 2
Tax Year 2022
Current Use Multi-Family
Gross Income 103800
County Cook
Net Operating Income 54190
Operating Expense 49610
Insurance Expense 8123
Property Type Commercial Sale Multi Family 5+
Possible Use Multi-Family
Status Price Change
Directions South on Wentworth Ave to 82nd St go West on 82nd St make a right turn onto West 91st turn left onto Perry Ave to address.
City Chicago
Total Units 10
MLS Area CHI - Chatham
Street Name Perry
Tax Annual Amount 11575
Electric Expense 1372
Fuel Expense 9824
Trash Expense 1392
Water Sewer Expense 4117
Additional Parcels Y/N N
Days on Market 19
Standard Status Active
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Interior
Total Fireplaces 0
Street Suffix Avenue
Basement Exterior Access
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Exterior
Lot Dimensions 8358
Frontage Type City Street
Exterior Brick
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* Excluded Features
List By
Charles Rutenberg Realty Of Il

Broker

crr@3055.comcastbiz.net; tidwell2606@comcast.net

Email

Affordability Calculator

$6,901
Per Month
86%
14%
0%
Monthly Principal & Interest
$5,937
Monthly Property Taxes
$965
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/17/2024$849,900 -2.87% Price Down
4/30/2024$875,000 Listed Price

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8001 S Perry Avenue, Chicago, IL, 60620 is a Multi-Family Home for sale at $849,900. 8001 S Perry Avenue has 4 bedrooms, 0.0 baths, and was built in 1929. The property's zip code is 60620 which is in Chicago, IL