Chicago, IL 60620 8001 S Perry Avenue

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Presented By: Charles Rutenberg Realty of IL
  • MLS# 12041404
  • 04/29/2024
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
  • Beds • 4

Home Details

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.
Presented By: Charles Rutenberg Realty of IL

Interior Features for 8001 S Perry Avenue

Other Interior Features

BasementExterior Access
Total Fireplaces

General for 8001 S Perry Avenue

Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
CoolingNone
CountyCook
Current UseMulti-Family
Days on Market33
DirectionsSouth 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.
ElectricCircuit Breakers
Electric Expense1372
Fuel Expense9824
Gross Income103800
Insurance Expense8123
MLS AreaCHI - Chatham
MaintenanceExpense3691
Net Operating Income54190
NumberOfUnitsTotal10
Operating Expense49610
PossessionClosing, Immediate
Possible UseMulti-Family
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories2
Tax Annual Amount11575
Tax Year2022
Tenant PaysElectricity
Trash Expense1392
Water Sewer Expense4117
Year Built1929
ZoningMULTI

Exterior for 8001 S Perry Avenue

ExteriorBrick
Frontage TypeCity Street
Lot Dimensions8358

Additional Details

Price History

Worth Clark

Price $849,900
MLS#12041404
List Date 04/29/2024
Property Type Multi-Family
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