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623 E Groveland Parkway Chicago, IL $ 1,525,000
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623 E Groveland Parkway
$ 1,525,000
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623 E Groveland Parkway

Chicago, IL, 60616
$ 1,525,000
Bedrooms3 Baths0.0

Monthly Estimate*

$ 10,653

623 E Groveland Parkway, Chicago, IL 60616 - Image 1
623 E Groveland Parkway, Chicago, IL 60616 - Image 2
623 E Groveland Parkway, Chicago, IL 60616 - Image 3
623 E Groveland Parkway, Chicago, IL 60616 - Image 4

Multi-Family Home for sale in Chicago, IL

for $1,525,000 with 3 bedrooms. This home was built in 1903 on a lot size of 0.11.

This multifamily real estate opportunity is in the Groveland Park neighborhood of Chicago. The subject property of 623 East Groveland Park is located 6.3 miles south of Chicago's downtown Loop area. The property is in an exclusive gated community along the shores of Lake Michigan. The unit mix for this property includes six three-bedrooms / one-bathroom units that measure 1,100-1,200 square feet. The units have open floor plans and are newly renovated with modern finishes. The units feature stainless steel appliances, dark hardwood floors and fresh paint. The building has been well maintained through the current ownership. Recent capital improvements include new plumbing, electric, HVAC, roof and other quality finishes around the property. There is also on-site laundry for additional income for the new owner. Parking and storage are currently included in the rent for the tenants.

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Multi-Family Active

Price

$ 1,525,000

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 13,513

Style

Lot Size

0.11

Year Built

1903

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11997584
Features
General
Zoning MULTI
Year Built 1903
Tenant Pays Air Conditioning Electricity Heat
Stories 3
Tax Year 2022
Gross Income 150000
County Cook
Net Operating Income 103555
Operating Expense 42545
Insurance Expense 2437
Property Type Commercial Sale Multi Family 5+
Status Active
Directions Located east of MLK between East 33rd Place and East 35th Street or exit Dusable Lakeshore Drive at 31st Street from the north or Oakwood Blvd from the south.
City Chicago
Total Units 6
MLS Area CHI - Douglas
Lot Size Square Feet 4960
Street Name Groveland
Tax Annual Amount 13513
Electric Expense 680
Fuel Expense 1150
Trash Expense 1200
Water Sewer Expense 1400
Additional Parcels Y/N N
Days on Market 51
Standard Status Active
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Exterior
Lot Dimensions +/- 40 X 124
Lot Size Acres 0.11
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Interior
Street Suffix Parkway
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* Excluded Features
List By
Marcus & Millichap Chicago Apartment Brokers

Broker

srachman@marcusmillichap.com

Email

Affordability Calculator

$11,779
Per Month
90%
10%
0%
Monthly Principal & Interest
$10,653
Monthly Property Taxes
$1,126
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
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/19/2024$1,525,000 -1.61% Price Down
3/6/2024$1,550,000 Listed Price

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623 E Groveland Parkway, Chicago, IL, 60616 is a Multi-Family Home for sale at $1,525,000 with a lot size of 0.11. 623 E Groveland Parkway has 3 bedrooms, 0.0 baths, and was built in 1903. The property's zip code is 60616 which is in Chicago, IL

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