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709 S Ada Street, Chicago, IL 60607
$2,200,000
709 S Ada Street, Chicago, IL 60607View this property at 709 S Ada Street, Chicago, IL 60607
709 S Ada StreetChicagoIL60607
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Property Description
6-Flat in the heart of UIC rehabbed in 2018. Close proximity to Little Italy and the West Loop, Blue Line "L" stop and expressways. Offered at a 6.2% cap rate on in-place revenue and actual expenses. Units stay leased at all times with no vacancy. All units feature 4 bedrooms/1 bathroom, central HVAC, in-unit laundry, remodeled kitchens, bathrooms and refinished hardwood floors throughout. All units have separately metered gas and electric. Building is on bundled services program which generates additional income. This building is made up of two adjacent 3-flats, each on a separate PIN (709 Ada 17173100310000; 711 Ada 17173100320000). Great cash flow, prime location, turnkey ready with ability to continue to push rents.
Full Property Details
Full Property Details for 709 S Ada St
General
- Sold For: $2,200,000
- Taxes: $26,227 (2021)
- Status: Closed
- Type: Commercial
- MLS ID: 11848881
- Added to Site: 270 day(s) ago
Location
- Area: CHI - Near West Side
- County: Cook
- Driving Directions: West on Flournoy, south on Ada
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas, Separate per Unit
Structural Information
- Stories/Levels: 3
- Year Built: 1900
- Built Before 1978: Yes
Lot Features
- Lot Dimensions: 52 x 72
Financial Considerations
- Operating Expenses: $67,700
- Assessment Year: 1900
- Tax Amount: $26,227
- Tax Year: 2021
- Tenant Pays: Air Conditioning, Electricity, Heat
Disclosures and Reports
- Property ID: 17173100310000
Listed by Campbell Street Asset Management Inc
Sold by CL3 Property Management
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Schools
Schools serving 709 S Ada St
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1059 W 13th St, Chicago, IL 60608 | PK-8 | 0.6 mi | |
936 N Ashland Ave, Chicago, IL 60622 | 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 709 S Ada St
Date
Details
Price
Change
Source
11/17/2023
Sold
$2,200,000
-6.38%
MLS
8/02/2023
Listed
$2,350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
709 S Ada Street, Chicago, IL 60607 (MLS# 11848881) is a Commercial property that was sold at $2,200,000 on November 17, 2023. Want to learn more about 709 S Ada Street? Do you have questions about finding other Commercial real estate for sale in Near West Side? You can browse all Near West Side real estate or contact a Coldwell Banker agent to request more information.