7408 S Emerald Avenue
Chicago, IL 60621

Status: Active
Multi Family
6 beds
0 baths
0 sq.ft
Listing Price: $374,999
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About this home

Great Investment Opportunity! Solid Brick 4 Unit Building with 2 car detached brick garage and full, unfinished basement! Two - 2 bedroom units and two - 1 bedroom units - all with large living and dining rooms! Units 2 and 4 are currently rented month to month and Unit 3 is rented to a long term Section 8 tenant. Unit 1 is currently vacant. Unit1 has been recently painted and refreshed and units 2 and 4 were updated in 2020 with refinished hardwood floors, fixtures and interior paint! Water heater and furnace were replaced in 2022! Unit 1 needs updates/repairs. Rents haven't been increased since 2019 and could be substantially increased! SELLER IS SENDING NOTICES TO INCREASE CURRENT RENTS AND RENT THE VACANT UNITS AND NEW MONTHLY RENT IS EXPECTED TO BE $4045. The seller will accept offer contingent on providing updated leases. Being sold As Is.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building No
Approx Year Built 1913
Parking Total 2
Exterior Building Type Brick
Foundation Concrete Perimeter
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Rehab Year 2020
Roof Type Asphalt
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Curbs, Sidewalks, Street Lights, Street Paved
Area Major CHI - Englewood
Corporate Limits Chicago
Directions 71st St to Emerald Avenue, north to address
Equipment Ceiling Fan(s)
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan, Public
Jr High/Middle Dist 299
Township Lake
Interior Features
Basement Description Unfinished
Basement Bathrooms No
Basement Full
Bedrooms Count 6
Bedrooms Possible 6
Baths Count 4
Full Baths in Building Count 4
Total Rooms 18
Units
unit 1
Beds Total 2
Baths Total 1
Appliances And Features Stove, Refrigerator, Hardwood Floors
Full Baths Total 1
Lease Expiration Date 00/00
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 2
Baths Total 1
Actual Rent 995
Appliances And Features Stove, Refrigerator, Hardwood Floors
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number 2
unit 3
Beds Total 1
Baths Total 1
Actual Rent 606
Appliances And Features Stove, Refrigerator, Hardwood Floors
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 4
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 4
Beds Total 1
Baths Total 1
Actual Rent 850
Appliances And Features Stove, Refrigerator, Hardwood Floors
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 4
Tenant Pays Electric, Gas, Heat
Floor Number 2
Property / Lot Details
Lot Dimensions 40X144
Lot Description Fenced Yard
Lot Size Source County Records
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 4 Flat
Number Of Units in Building 4
Property Type Two to Four Units

Financials

Investment Profile Residential Income

Tax/Assessments/Liens

PIN 20281180170000
Special Assessments N
Taxes $2,743
Tax Exemptions None
Tax Year 2023
$374,999 Listing Price:
MLS # 12074286
Investment Profile Residential Income
Listing Market Time 101 days
Basement Full
Type Unit 4 Flat
Number of Units in Building 4
Parking Garage
List Date 06/20/2024
Year Built 1913
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