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3258 S Emerald Avenue, Chicago, IL 60616
$1,100,000
3258 S Emerald Avenue, Chicago, IL 60616View this property at 3258 S Emerald Avenue, Chicago, IL 60616
3258 S Emerald AvenueChicagoIL60616
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Property Description
2 Buildings totaling 7 units on a large 37' x 125' corner lot. The rear building is a large brick building consisting of 5 units, three 2 Bed/ 1 Bath units and two 1 Bed/1 Bath units. The front building consists of two full-floor units, approximately 1050 SF each floor and has a nice side yard and a rear patio area shared with the rear building. The front building is a frame structure with a remodeled unit with in-unit laundry and central HVAC. The top unit has a long-term tenant with below market rent. The rear building is a large brick building with a large 1,800 SF +/- full-floor unit on the third floor with a long-term tenant in place and way below market rent. It has central air and an open flor plan. Both second-floor units have been remodeled, and the first floor has another long-term tenant in place with below market rent and the second unit has been remodeled as well. A lot of value-add potential with four current long-term tenants with below market rents and 3 units that can be leased as-is or updated to capitalize on higher rents.
Full Property Details
Full Property Details for 3258 S Emerald Ave
General
- Sold For: $1,100,000
- Taxes: $13,595 (2021)
- Status: Closed
- Type: Commercial
- MLS ID: 11778651
- Added to Site: 393 day(s) ago
Location
- Area: CHI - Bridgeport
- County: Cook
- Driving Directions: On S Emerald Ave at W 33rd St - 1 Building East of Halsted
Heating & Cooling
- Cooling Type: Central Air Conditioning, Central Individual, Window Unit(s)
- Heating Type: Central Building Heat, Central Heat/Individual Controls, Forced Air, Gas, Hot Water
Structural Information
- Construction: Brick, Wood Frame
- Stories/Levels: 3
- Year Built: 1890
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 7
- Units w/Range/Oven: 7
Lot Features
- Lot Size (Sq. Ft.): 4,625
- Lot Dimensions: 37 x 125
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $28,795
- Assessment Year: 1890
- Tax Amount: $13,595
- Tax Year: 2021
- Tenant Pays: Electricity, Heat
Disclosures and Reports
- Property ID: 17331080430000
Listed by Sperry Van Ness
Sold by Concentric Realty Inc.
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Schools
Schools serving 3258 S Emerald Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
3010 S Parnell Ave, Chicago, IL 60616 | PK-8 | 0.4 mi | |
Tilden Achievement Academy High School
4747 S Union Ave, Chicago, IL 60609 | 9-12 | 1.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3258 S Emerald Ave
Date
Details
Price
Change
Source
7/28/2023
Sold
$1,100,000
-4.26%
MLS
5/08/2023
Listed
$1,149,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3258 S Emerald Avenue, Chicago, IL 60616 (MLS# 11778651) is a Commercial property that was sold at $1,100,000 on July 28, 2023. Want to learn more about 3258 S Emerald Avenue? Do you have questions about finding other Commercial real estate for sale in Bridgeport? You can browse all Bridgeport real estate or contact a Coldwell Banker agent to request more information.