4832 S Bishop Street
Chicago, IL 60609

Status: Sold
Multi Family
7 beds
0 baths
0 sq.ft
Listing Price: $195,000

About this home

Back of the Yards/New City legal 3-flat apartment building, complete with a full partially finished basement. Offering immense potential for contractors or those with handy skills, the property is primed for updating, making it an enticing prospect for the right buyer. Presently, rents remain modest due to the presence of long-term tenants. Currently all tenant occupied. Unit distribution comprises: a 2-bedroom/1-bath apartment at the front of the 1st floor, a similar configuration for the rear apartment on the same floor, a 3-bedroom/1-bath unit on the 2nd floor, and a partially finished basement with 2 bedrooms and 1 bath. An unfinished attic for additional storage and a backyard boasting a paver patio complement the property, alongside a 3-car garage slab. Tenants pay their own gas & electricity. Roof 8 years old, porch and stairs in 2019.Walking distance to local supermarkets, restaurants, churches, and schools, public transportation. Strictly selling in "as is" condition. Don't miss out on the opportunity. Highest & Best Due by 1/31/24 @ 12pm.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1885
Parking Total 3
Exterior Building Type Vinyl Siding, Frame
Garage On-Site Yes
Parking Space/s
Roof Type Asphalt
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Sidewalks, Street Lights, Street Paved
Area Major CHI - New City
Zoning Type MULTI
Corporate Limits Chicago
Directions Ashland to 47th St, East to Bishop, south to property
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Space Heater
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan, Public
Jr High/Middle Dist 299
Township Lake
Interior Features
Basement Description Partially Finished
Basement Bathrooms No
Basement Full ,Walkout
Bedrooms Count 7
Bedrooms Possible 7
Baths Count 4
Full Baths in Building Count 4
Total Rooms 14
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 400
Appliances And Features None
Full Baths Total 1
Lease Expiration Date MM
Rooms Total 4
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 2
Baths Total 1
Actual Rent 450
Appliances And Features None
Full Baths Total 1
Lease Expiration Date MM
Rooms Total 4
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 3
Beds Total 3
Baths Total 1
Actual Rent 600
Appliances And Features None
Full Baths Total 1
Lease Expiration Date MM
Rooms Total 6
Tenant Pays Electric, Gas, Heat
Floor Number 2
Property / Lot Details
Lot Dimensions 25X125
Lot Size Source Other
Lot Size Standard Chicago Lot
Ownership Fee Simple
Type Unit 3 Flat
Number Of Units in Building 3
Property Type Two to Four Units

Financials

Financing Conventional
Insurance Expense $1,270
Insurance Expense Source Actual
Rental Income 17400
Investment Profile Residential Income
Water Expense $1,560

Tax/Assessments/Liens

PIN 20081100380000
Special Assessments N
Taxes $1,861
Tax Exemptions None
Tax Year 2022
$195,000 Listing Price:
MLS # 11967778
Investment Profile Residential Income
Listing Market Time 42 days
Basement Full ,Walkout
Type Unit 3 Flat
Number of Units in Building 3
Parking Space/s
List Date 01/26/2024
Year Built 1885
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