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7101-05 W Foster Place, Chicago, IL 60656
$950,000 Contingent
7101-05 W Foster Place, Chicago, IL 60656View this property at 7101-05 W Foster Place, Chicago, IL 60656
7101-05 W Foster PlaceChicagoIL60656
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Property Description
MULTIPLE OFFERS RECEIVED - FINAL AND BEST DUE 5 PM MONDAY. the opportunity to own an asset of this caliber rarely presents itself; come strong. In 20 years you'll tell the story and how much you "overpaid" for the estate and the room will erupt in laughter. Win this.... Watch the video for a curated walkthrough and view the 3d tour to see the building before stepping inside. This 6-car brick and stone garage, vacant 6-unit full masonry, corner building with a true backyard is for sale for the first time since being built. If the 6-car garage wasn't a first for you, imagine owning a property lived in and cared for by nuns, fully equipped with architectural stained glass. You've never seen a property in better shape. Radiant heated floors throughout are powered by a boiler replaced in 2023. Central AC in each unit with varying condenser ages. Roof gutters were replaced in 2020. The roof was replaced in 2013. Windows were replaced in 2016 and 2018. This crown jewel, armchair investment sits in Big Oaks in Norwood Park with easy access to Downtown and the suburbs. The median rent for 2-bed, 1-bath units in the neighborhood is $1,825. The median rent for 1 bed, 1 bath units in the neighborhood is $1,375. 6 parking spaces equals $600 monthly. That puts monthly income at $11,100. That's an 11.65% CAP rate and a GRM of 7.1. Don't miss out on this truly once-in-a-lifetime property. Water/Sewer/Garbage $700.00 | Electric: $1,060.00 | Gas: $3,000.00 | Maintenance: $5,500.00 | Insurance: $15,000.00 | 3-year average: $25,260.00 - WalkScore 82 | TransitScore 53 | BikeScore 61 | 2-minute Lyft, 7-minute L ride, or a 3-minute cycle to Downtown Harwood Heights | 1 Divvy station 300 ft away | 0.6 mi to the Blue Line CTA Harlem Stop | The 90 bus lines are within 0.1 mi or closer.
Full Property Details
Full Property Details for 7101-05 W Foster Pl
General
- Price: $950,000
- Taxes: (2022)
- Status: Contingent
- Type: Commercial
- MLS ID: 12014895
- Updated: 4/5/2024
- Added to Site: 34 day(s) ago
Interior
- Interior Features: Laundry Room
Location
- Area: CHI - Norwood Park
- County: Cook
- Driving Directions: I-90 to Harlem, South to Foster, East to sharp right turn onto W Foster Pl. (Norwood Park)
- Location Details: Corner, Public Transport Avail
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Radiant
Structural Information
- Construction: Brick, Concrete, Stone
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Roof: Composition
- Stories/Levels: 3
- Current Bldg. Use: Multi-Family
- Year Built: 1965
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
- # Dryers: 1
Lot Features
- Lot Size (Acres): 0.15
- Lot Size (Sq. Ft.): 5,987
- Lot Dimensions: 100 x 84.1 x 13.9 x 100.3 x 5.8 x 24.9
Financial Considerations
- Assessment Year: 1965
- Tax Year: 2022
Disclosures and Reports
- Property ID: 13073030080000
Listed by Compass
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Price & Sales History for 7101-05 W Foster Pl
Date
Details
Price
Change
Source
3/29/2024
Listed
$950,000
—
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 7101-05 W Foster Pl
Year
Property Taxes
Change
Tax Assessment
Change
2022
100%
100%
2021
100%
100%
2020
100%
100%
2019
—
—
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 7101-05 W Foster Pl
7101-05 W Foster Place, Chicago, IL 60656 (MLS# 12014895) is a Commercial property. 7101-05 W Foster Place is currently listed for $950,000 and was received on March 29, 2024. Want to learn more about 7101-05 W Foster Place? Do you have questions about finding other Commercial real estate for sale in Norwood Park? You can browse all Norwood Park real estate or contact a Coldwell Banker agent to request more information.