Waterfront - Golf Course - Eco Friendly
Address
3018 E Cheltenham Place Chicago, IL
Price
$ 529,000
Property Attributes
  • MLS#11021162
  • TypeContingent
  • CountyCOOK
  • CityChicago
  • AreaCHI - South Shore
  • NeighborhoodSouth Shore
  • Zip60649
  • Style
  • Year Built1966
  • Taxes$ 9666
  • Price$ 529,000
  • Bedrooms1
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size4,356 SqFt
Listing Provided Courtesy Of:
Second City Real Estate
Data Source:
Midwest Real Estate Data LLC
Property Description

For sale is a value add opportunity in the dynamic South Shore neighborhood. This solid 12 unit building is well maintained, and the current owner has kept the units in good condition. Recently build new deck and stairs system has now cleared this building of all City violations. Owner just spent $40K on new front stairways, electric and new lighting. 12 apartments all have separate heat and electric. Building is fully occupied and all tenants are paying. Expenses for this building are lower than usual for this number of apartments. No common area hallways, corridors or basement reduces maintenance and utility expenses. Easy low maintenance building. Up to 6 private parking spaces at rear of the property and a common area laundry room for tenant use. All 1 bed modern apartments with newer plumbing and electric and open plan kitchens. Low rents and long term tenants. A new owner has the opportunity to push rents to market with minimal rehab work. Great South Shore location by the lake with plenty of upside. Lots of investor activity in the area. Close proximity to new site of Obama library. Lake front access, Park access, South Shore Golf Club all in the immediate area. Excellent public transport links. Bus outside the property on 79th St, 1 block to Metra station for train to downtown and 1 block to LSD for fast easy commute to the City. Owner is a licensed realtor in the state of Illinois. Listing agent is not the owner.

Price History
3/15/2021 Listed $529,000

General Features

Contingency Attorney/Inspection
Fuel Expense 150
Property Type Commercial Sale
Property Type Multi Family 5+
Standard Status Active Under Contract
Stories 2
Tax Annual Amount 9666
Total Units 12
Water Sewer Expense 7312
Zoning MULTI

Exterior Features

Lot Dimensions 4350
Lot Size Acres 0.1
Total Parking 12

Room Details

Room Dimensions Level Flooring Details
Dining Room
Family Room
Living Room
Master Bedroom

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 60649

Price
AVG $210K
$530K
Taxes
AVG $2,774
$9,666
Visits
AVG 96
79
Year Built
AVG 1930
1966
Walkscore
AVG 62
55
Data Provided by Walkscore ® not using MLS data

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