7627 S Coles Avenue
Chicago, IL 60649

Status: Sold
Multi Family
5 beds
0 baths
0 sq.ft
Listing Price: $199,000

About this home

Welcome to your next investment opportunity at 7627 S Coles Ave, located in Chicago's vibrant South Shore neighborhood. This multi-family residence presents a smart buy for those looking to expand their portfolio. Featuring a 3-bedroom and a 2-bedroom unit, each with a full bathroom, and a basement primed for conversion into a third income-generating unit, this property melds comfort with potential. Each unit in this 2-flat has been thoughtfully updated to include modern kitchens with granite countertops, sleek bathrooms, and reliable plumbing and heating systems, ensuring a move-in-ready experience. Not only does this property offer strong rental appeal due to its updated condition and potential for additional income, but it also boasts an enviable location. Just a short stroll from the serene Rainbow Beach, residents can enjoy easy access to one of the area's most beautiful natural assets. Additionally, the property is mere minutes from the cultural delights of the South Shore Cultural Center and the scenic Lakeshore Drive, with downtown Chicago only 15 minutes away. Explore the possibilities of becoming a part of this neighborhood and see this property's potential for yourself. This is a chance to make a smart move in your real estate journey. Lot size is 50x200.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1880
Parking Total 4
Exterior Building Type Vinyl Siding, Brick, Frame, Concrete
Parking Features Driveway
Garage On-Site Yes
Parking Ownership Owned
Parking Space/s
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - South Shore
Corporate Limits Chicago
Directions Head south on Coles Ave from 75th St. Property is on the left side.
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 299
Township Hyde Park
Interior Features
Basement Description Unfinished
Basement Full
Bedrooms Count 5
Bedrooms Possible 5
Baths Count 2
Full Baths in Building Count 2
Total Rooms 11
Units
unit 1
Beds Total 3
Baths Total 1
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date N/A
Rooms Total 6
Tenant Pays Electric
Floor Number 1
Square Feet 1100
unit 2
Beds Total 2
Baths Total 1
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date N/A
Rooms Total 5
Tenant Pays Electric
Floor Number 2
Square Feet 1050
Property / Lot Details
Lot Dimensions 50X200
Lot Size Source Owner
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 2 Flat
Number Of Units in Building 2
Property Type Two to Four Units

Financials

Financing FHA
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 21304040110000
Special Assessments N
Taxes $3,620
Tax Year 2022
$199,000 Listing Price:
MLS # 12091781
Investment Profile Residential Income
Listing Market Time 45 days
Basement Full
Type Unit 2 Flat
Number of Units in Building 2
Parking Space/s
List Date 06/21/2024
Year Built 1880
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