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623 E Groveland Parkway, Chicago, IL 60616
$1,525,000
623 E Groveland Parkway, Chicago, IL 60616View this property at 623 E Groveland Parkway, Chicago, IL 60616
623 E Groveland ParkwayChicagoIL60616
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Property Description
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.
Full Property Details
Full Property Details for 623 E Groveland Pkwy
General
- Price: $1,525,000
- HOA FEE: $500
- Taxes: $13,513 (2022)
- Status: Active
- Type: Commercial
- MLS ID: 11997584
- Updated: 4/25/2024
- Added to Site: 58 day(s) ago
Parking
- Parking Features: 6 to 12 Spaces
Location
- Area: CHI - Douglas
- County: Cook
- Driving 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.
Heating & Cooling
- Heating Type: Central Heat/Individual Controls, Forced Air
Utilities
- Trash: 1200
Structural Information
- Stories/Levels: 3
- Year Built: 1903
- Built Before 1978: Yes
Lot Features
- Lot Size (Acres): 0.11
- Lot Size (Sq. Ft.): 4,960
- Lot Dimensions: +/- 40 x 124
- Zoning: MULTI
Financial Considerations
- Maint. Fee: $500
- Insurance Fee: $2,437
- Operating Expenses: $42,545
- Other Fee: $1,200
- Assessment Year: 1903
- Tax Amount: $13,513
- Tax Year: 2022
- Tenant Pays: Air Conditioning, Electricity, Heat
- Pays Electric: 680
- Pays Trash: 1200
Disclosures and Reports
- Property ID: 17342190350000
Listed by Marcus & Millichap Chicago Apartment Brokers
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Price & Sales History for 623 E Groveland Pkwy
Date
Details
Price
Change
Source
4/19/2024
Price Reduced
$1,525,000
-1.61%
MLS
3/06/2024
Listed
$1,550,000
236.96%
MLS
6/13/2016
Sold
$460,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 623 E Groveland Pkwy
Year
Property Taxes
Change
Tax Assessment
Change
2022
$13,824
2%
$67,000
—
2021
$13,513
-10%
$67,000
—
2020
$14,987
-1%
$67,274
-11%
2019
$15,187
2%
$75,589
—
2018
$14,931
184%
$75,589
210%
2017
$5,252
-24%
$24,396
-29%
2016
$6,904
-44%
$34,469
-49%
2015
$12,284
4%
$67,033
6%
2014
$11,759
2%
$63,379
—
2013
$11,527
1%
$63,379
—
2012
$11,373
—
$63,379
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 623 E Groveland Pkwy
623 E Groveland Parkway, Chicago, IL 60616 (MLS# 11997584) is a Commercial property. 623 E Groveland Parkway is currently listed for $1,525,000 and was received on March 06, 2024. Want to learn more about 623 E Groveland Parkway? Do you have questions about finding other Commercial real estate for sale in Douglas? You can browse all Douglas real estate or contact a Coldwell Banker agent to request more information.