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8001 S Perry Avenue, Chicago, IL 60620
$875,000
8001 S Perry Avenue, Chicago, IL 60620View this property at 8001 S Perry Avenue, Chicago, IL 60620
8001 S Perry AvenueChicagoIL60620
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Property Description
Welcome to your next investment opportunity in the vibrant West Chatham area of Chicago! This impeccably maintained 10-unit building offers a prime chance to expand your portfolio while stepping into a turnkey operation. The current rents are below todays market value. Here's a glimpse into what this property has to offer. Property Description: Nestled in the heart of West Chatham, this 10-unit gem stands tall as a testament to enduring quality and care. Boasting a rich history of over 60 years under the stewardship of its current owners, this property exudes a sense of reliability and longevity. Key Features: Appliances Included: The convenience is built right in, as the property comes furnished with stoves and refrigerators provided by the owner, facilitating a seamless transition for new tenants. Underground Water Sprinkler System: Ensuring lush greenery year-round, the underground water sprinkler system keeps the lawn vibrant and welcoming, enhancing curb appeal. Recent Updates: With a roof installed just 3 years ago and windows replaced approximately 8 to 9 years ago, this building showcases modern functionality while preserving its timeless charm. Strategic Location: Situated near interstate highways and major transportation routes, tenants enjoy easy access to urban amenities and commuter convenience. Security Measures: From the gated front entrance with a wrought iron gate to the security gate at the rear, safety and peace of mind are prioritized at every turn. Community Spaces: The updated back porches provide a serene retreat for residents, while the spacious backyard offers a perfect setting for neighborly gatherings and fostering a sense of community. Investment Potential: This property presents an exceptional opportunity for savvy investors seeking to enhance their portfolio. With a solid foundation of long-term ownership, meticulous upkeep, and desirable amenities, it promises both immediate returns and long-term value appreciation. Don't miss out on the chance to make this meticulously maintained building a cornerstone of your real estate portfolio. Take the next step toward securing your future in the thriving West Chatham market today!
Full Property Details
Full Property Details for 8001 S Perry Ave
General
- Price: $875,000
- Taxes: $11,575 (2022)
- Status: Active
- Type: Commercial
- MLS ID: 12041404
- Updated: 5/13/2024
- Added to Site: 16 day(s) ago
Location
- Area: CHI - Chatham
- County: Cook
- Driving Directions: South on Wentworth Ave to 82nd St, go West on 82nd St make a right turn onto West 91st , turn left onto Perry Ave to address.
- Location Details: Corner, In City Limits
Heating & Cooling
- Cooling Type: None
- Heating Type: Central Building Heat, Radiators
Utilities
- Trash: 1392
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 2
- Current Bldg. Use: Multi-Family
- Year Built: 1929
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 10
- Units w/Range/Oven: 10
Lot Features
- Lot Dimensions: 8358
- Frontage: City Street
- Potential Use: Multi-Family
- Zoning: MULTI
Financial Considerations
- Insurance Fee: $8,123
- Operating Expenses: $49,610
- Assessment Year: 1929
- Tax Amount: $11,575
- Tax Year: 2022
- Tenant Pays: Electricity
- Pays Electric: 1372
- Pays Trash: 1392
Disclosures and Reports
- Property ID: 20332140010000
Listed by Charles Rutenberg Realty of IL
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Schools
Schools serving 8001 S Perry Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
409 W 80th St, Chicago, IL 60620 | PK-8 | 0.5 mi | |
7740 S Ingleside Ave, Chicago, IL 60619 | 9-12 | 1.3 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 8001 S Perry Ave
Date
Details
Price
Change
Source
4/29/2024
Listed
$875,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 8001 S Perry Ave
8001 S Perry Avenue, Chicago, IL 60620 (MLS# 12041404) is a Commercial property. 8001 S Perry Avenue is currently listed for $875,000 and was received on April 29, 2024. Want to learn more about 8001 S Perry Avenue? Do you have questions about finding other Commercial real estate for sale in Chatham? You can browse all Chatham real estate or contact a Coldwell Banker agent to request more information.