214 N Homan Avenue Chicago, IL $ 675,000
214 N Homan Avenue
$ 675,000
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214 N Homan Avenue

Chicago, IL, 60624
$ 675,000
Baths0.0 Sq 7,087

Monthly Estimate*

$ 4,715

214 N Homan Avenue, Chicago, IL 60624 - Image 1
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214 N Homan Avenue, Chicago, IL 60624 - Image 7
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Studio

Commercial Property for sale in Chicago, IL

for $675,000. This 7,087 square foot building was built in 1901 on a lot size of 0.103122.

Outstanding, turnkey, fully remodeled and fully rented East Garfield Park 6-unit investment property with 9.5% cap rate! Complete gut rehab down to the studs over the past five (5) years including new individual gas forced air furnaces & central air conditioning, new individual water heaters, new tear-off roof in 2017, mew back porches in 2019, 400-amp electrical service with separate in-unit circuit breaker boxes, mew copper plumbing throughout, double pane windows throughout. All apartments have been completely remodeled with modern kitchens with ceramic tile floors, new wood cabinetry and stainless-steel appliances, remodeled bathrooms with ceramic tile floors and shower surround & dark stained hardwood floors throughout living area and bedrooms. Easy street parking. Great location is close to Kedzie CTA Green line station, I-290, Garfield Park ponds, gardens, athletic facilities, and Garfield Park Conservatory. Tenants are responsible for all utilities except water and garbage removal. Coin laundry on site. B3-3 zoning.

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Commercial Contingent

Price

$ 675,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 7,842

Style

Lot Size

0.103122

Year Built

1901

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11978544

Features
General
Cooling Central Air
Utilities Electric to Site Gas to Site Sewer-Storm Available Water-Municipal
Zoning COMMR
Construction Materials Brick
Year Built 1901
Electric Circuit Breakers Service - 201 to 600 Amps
Tenant Pays Electricity Heat
Stories 2
Township West Chicago
Property SubType Mixed Use
Tax Year 2022
Gross Income 103860
County Cook
Net Operating Income 64270
Operating Expense 34740
Insurance Expense 7000
Property Type Commercial Sale Mixed Use
Contingency Attorney/Inspection
Status Contingent
Directions Lake Street (200N) to Homan Ave (3400W) North on Homan Ave one block to Walnut. Building is located on the southwest corner of Homan & Walnut.
City Chicago
Total Units 6
MLS Area CHI - East Garfield Park
Lot Size Square Feet 4492
Street Name Homan
Tax Annual Amount 7842.4
Electric Expense 340
Fuel Expense 1050
Trash Expense 0
Water Sewer Expense 2800
Additional Parcels Y/N N
Virtual Tour https://www.youtube.com/watch?v=CYULErG-IVI
Days on Market 43
Lease Type N/A
Standard Status Active Under Contract
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Interior
Total Fireplaces 0
Street Suffix Avenue
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Exterior
Building Area Total 7087
Lot Dimensions 50 X 90
Frontage Type City Street
Exterior Brick
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* Excluded Features
List By
Keller Williams Preferred Realty

Broker

mikefrankkw@gmail.com

Email

Affordability Calculator

$5,369
Per Month
88%
12%
0%
Monthly Principal & Interest
$4,715
Monthly Property Taxes
$654
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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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/22/2024$675,000 Listed Price

Map


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214 N Homan Avenue, Chicago, IL, 60624 is a Commercial Property for sale at $675,000 with 7,087 sqft and a lot size of 0.103122. 214 N Homan Avenue is a studio with 0.0 baths and was built in 1901. The property's zip code is 60624 which is in Chicago, IL