8106 S Coles Avenue
Chicago, IL 60617

Status: Active Under Contract
Multi Family
6 beds
0 baths
0 sq.ft
Listing Price: $200,000
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About this home

Don't miss out on this fantastic investment opportunity! This property features two units, each boasting three bedrooms and one bathroom, perfect for maximizing rental income potential. With a fenced-in yard and a convenient two-car garage, tenants will appreciate the added comfort and security. Located near the lake and with easy access to transportation, this property offers both convenience and charm. The full unfinished attic provides additional storage space or potential for expansion. With a great Cap Rate, this property promises strong returns on investment. Sold AS-IS, this is your chance to seize a lucrative investment with minimal hassle. Currently occupied by long-term tenants on month-to-month leases, you can start generating income from day one. Don't let this opportunity slip away!

Property details

Property / Lot Details
Acreage 0.25
Lot Dimensions 3705
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
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 71-80 Years
3 Bedroom Unit in Building Yes
Approx Year Built 1953
Parking Total 2
Exterior Building Type Brick
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Rehab Year 2018
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - South Chicago
Corporate Limits Chicago
Directions South to South Shore Drive to 81st West to Coles
Elementary Sch Dist 299
Heat/Fuel Baseboard, Radiator(s)
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle Dist 299
Township Hyde Park
Interior Features
Basement Description Unfinished
Basement Partial
Bedrooms Count 6
Bedrooms Possible 6
Baths Count 2
Full Baths in Building Count 2
Total Rooms 10
Units
unit 1
Beds Total 3
Baths Total 1
Actual Rent 950
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Rooms Total 5
Tenant Pays All
Floor Number 1
unit 2
Beds Total 3
Baths Total 1
Actual Rent 1182
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date 10/23
Rooms Total 5
Tenant Pays All
Floor Number 2

Financials

Investment Profile Residential Income

Tax/Assessments/Liens

PIN 21312220230000
Special Assessments N
Taxes $3,217
Tax Year 2021
$200,000 Listing Price:
MLS # 12043962
Investment Profile Residential Income
Listing Market Time 17 days
Basement Partial
Type Unit 2 Flat
Number of Units in Building 2
Parking Garage
List Date 05/01/2024
Year Built 1953
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