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6560 S Western Avenue, Chicago, IL 60636
$940,000
6560 S Western Avenue, Chicago, IL 60636View this property at 6560 S Western Avenue, Chicago, IL 60636
6560 S Western AvenueChicagoIL60636
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Property Description
Exclusive purchasing opportunity for 6560 s Western Chicago, IL. A charming 15 unit mixed use property situated in Marquette Park, a neighborhood on Chicago's South side.Nestled on a tree lined street this property offers tenants the convenience of quick and easy access to bus lines,restaurants,shopping and more.6560 s Western boast an exceptional unit mix comprised of 8 three bedroom units, 2 two bedroom units, 2 four bedroom units all one bath. 3 commercial Retail storefront units.Beautiful hardwood flooring throughout the residential units.Very well maintained.The true potential lies in the opportunity to increase rental Income, since some rents are below market.By doing so an Investor can attain a remarkable cap rate.This is a rare chance to acquire a well established income generating asset with a strong tenant base and attractive financial prospects. This property offers a solid Investment opportunity.
Full Property Details
Full Property Details for 6560 S Western Ave
General
- Sold For: $940,000
- Taxes: $27,375 (2021)
- Status: Closed
- Type: Commercial
- MLS ID: 11951451
- Added to Site: 128 day(s) ago
Additional Information
- Security/Safety: Other
Location
- Area: CHI - Chicago Lawn
- County: Cook
- Driving Directions: From 63rd & Western Head South on Western. Property appx .5mile on RT side of street.
Heating & Cooling
- Cooling Type: Central Individual
- Heating Type: Central Heat/Individual Controls
Structural Information
- Stories/Levels: 3
- Year Built: 1923
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 7,884
- Lot Dimensions: 73' x 108'
Financial Considerations
- Operating Expenses: $68,472
- Security Deposit: Other
- Assessment Year: 1923
- Tax Amount: $27,375
- Tax Year: 2021
- Tenant Pays: Electricity, Heat
Disclosures and Reports
- Property ID: 19242230400000
Listed by Blue Door Dave Inc
Sold by Su Familia Real Estate Inc
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Schools
Schools serving 6560 S Western Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
2300 W 64th St, Chicago, IL 60636 | PK-8 | 0.3 mi | |
5630 S Rockwell St, Chicago, IL 60629 | 9-12 | 1.2 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 6560 S Western Ave
Date
Details
Price
Change
Source
5/02/2024
Sold
$940,000
-5.91%
MLS
3/06/2024
Price Reduced
$999,000
-0.1%
MLS
3/05/2024
Price Reduced
$1,000,000
—
MLS
2/28/2024
Price Increased
$1,000,050
—
MLS
2/17/2024
Price Reduced
$1,000,025
—
MLS
2/11/2024
Price Increased
$1,000,050
—
MLS
2/05/2024
Price Reduced
$1,000,000
—
MLS
1/29/2024
Price Increased
$1,000,050
—
MLS
1/21/2024
Price Reduced
$1,000,000
—
MLS
12/26/2023
Listed
$1,000,050
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
6560 S Western Avenue, Chicago, IL 60636 (MLS# 11951451) is a Commercial property that was sold at $940,000 on May 02, 2024. Want to learn more about 6560 S Western Avenue? Do you have questions about finding other Commercial real estate for sale in Chicago Lawn? You can browse all Chicago Lawn real estate or contact a Coldwell Banker agent to request more information.