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6881 N Overhill Avenue, Chicago, IL 60631
$3,500,000
6881 N Overhill Avenue, Chicago, IL 60631View this property at 6881 N Overhill Avenue, Chicago, IL 60631
6881 N Overhill AvenueChicagoIL60631
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Property Description
The Unique One-of-a-Kind.. Location, Location, Location; Superbly maintained Edison Park 20 Unit multi-family apartment building same ownership since 1945. Unit mix consisting of 14 one-bedroom one-bathroom Units and 6 two-bedroom one- bathroom units. An Architectural significantly detailed full yellow brick building, copper gutters and down spouts, limestone, 10 year old roof, 10 year old tuckpointing well maintained back porches, on-site coin operate laundry, storage lockers and bike room. Updated and well-maintained Kewanee Co. boiler. Common yard, 2 car brick garage. Steps to Edison Park Metra, Northwest Hwy corridor of restaurants, shops, bars and Park Ridge. Massive Value-Add opportunity here to boost rents and value. These rarely hit the market, so don't miss out and get that cash flow. *Cash Offers Only or Funded Exchanges with POF Only*
Full Property Details
Full Property Details for 6881 N Overhill Ave
General
- Price: $3,500,000
- Taxes: $25,417 (2021)
- Status: Active
- Type: Commercial
- MLS ID: 11798018
- Updated: 2/4/2024
- Added to Site: 335 day(s) ago
Interior
- Interior Features: Laundry Room
Location
- Area: CHI - Edison Park
- County: Cook
- Township: Jefferson
- Driving Directions: Norhwest Hwy , North on Overhill to 6881
- Location Details: Corner
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Gas, Hot Water, Radiators
Utilities
- Trash: 2758
- Onsite: Sanitary Sewer, Water to Site
Structural Information
- Construction: Brick, Stone
- Exterior Const.: Brick, Stone, Limestone
- Foundation: Concrete Perimeter
- Roof: Rubber
- Stories/Levels: 3
- Current Bldg. Use: Multi-Family
- Year Built: 1931
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 20
- Units w/Range/Oven: 20
- # Dryers: 3
Lot Features
- Lot Dimensions: 79 x 118 x 83
- Frontage: City Street
- Zoning: MULTI
Financial Considerations
- Insurance Fee: $8,828
- Assessment Year: 1931
- Tax Amount: $25,417
- Tax Year: 2021
- Tenant Pays: Electricity
- Pays Electric: 2819
- Pays Trash: 2758
Disclosures and Reports
- Property ID: 9361090010000
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Schools
Schools serving 6881 N Overhill Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
7350 W Pratt Ave, Chicago, IL 60631 | PK-8 | 0.4 mi | |
6530 W Bryn Mawr Ave, Chicago, IL 60631 | 9-12 | 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 6881 N Overhill Ave
Date
Details
Price
Change
Source
9/15/2023
Price Reduced
$3,500,000
-14.63%
MLS
6/02/2023
Listed
$4,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 6881 N Overhill Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$25,998
2%
$126,398
—
2021
$25,417
-10%
$126,398
—
2020
$28,195
11%
$126,568
—
2019
$25,429
2%
$126,568
—
2018
$25,001
-1%
$126,568
8%
2017
$25,293
7%
$117,493
—
2016
$23,532
9%
$117,493
—
2015
$21,530
-1%
$117,493
1%
2014
$21,661
2%
$116,747
—
2013
$21,233
26%
$116,747
25%
2012
$16,807
—
$93,661
—
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 6881 N Overhill Ave
6881 N Overhill Avenue, Chicago, IL 60631 (MLS# 11798018) is a Commercial property. 6881 N Overhill Avenue is currently listed for $3,500,000 and was received on June 02, 2023. Want to learn more about 6881 N Overhill Avenue? Do you have questions about finding other Commercial real estate for sale in Edison Park? You can browse all Edison Park real estate or contact a Coldwell Banker agent to request more information.