6161 Michigan Avenue

    Chicago, IL 60637
    • $470,000
    • STATUS: Active Under Contract
    • ON SITE: 93 days
    • MLS #: 10252368
    Under Contract
    UPDATED: 63 min ago
    $470,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,848
      SQFT
    • $60
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1910
    County:

    School Ratings & Info

    Description

    6161. S Michigan Ave, a center entranced six (6) flat residential building located in Chicago's Washington Park neighborhood. The property is located on a prospering block which includes a retirement community directly next door, and is less than a half mile to both the Greenline and Redline L stops. This 100% occupied turn-key investment underwent major renovations in 2015. Improvements include, but were not limited to new 400A service with six new 100A electric panels and wire, updated in-unit furnaces, refinished hardwood floors, replaced waterlines, updated plumbing, masonry tuck-pointing, roof flashing repairs, updated bathrooms and kitchens, new rear porches, new hot water heaters, and replaced exterior doors. Common area hallways recently painted. Tenants pay electric, individual heat, and cooking gas.

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    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Property Consultants Realty. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Property Consultants Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing. Data last updated: 2019-04-22T18:52:41.487.

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    www.propertyconsultants.com/homes/91021946

    6161 Michigan Avenue Chicago, IL 60637

    • Price: $470,000
    • Status: Active Under Contract
    • Updated: 63 min ago
    • MLS #: 10252368
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    7,848
    SQFT
    $60
    $/SQFT
    1910
    Built
    Neighborhood:
    Chi - Washington Park
    County:
    Cook
    Area:
    Chi - Washington Park
    Property Description
    6161. S Michigan Ave, a center entranced six (6) flat residential building located in Chicago's Washington Park neighborhood. The property is located on a prospering block which includes a retirement community directly next door, and is less than a half mile to both the Greenline and Redline L stops. This 100% occupied turn-key investment underwent major renovations in 2015. Improvements include, but were not limited to new 400A service with six new 100A electric panels and wire, updated in-unit furnaces, refinished hardwood floors, replaced waterlines, updated plumbing, masonry tuck-pointing, roof flashing repairs, updated bathrooms and kitchens, new rear porches, new hot water heaters, and replaced exterior doors. Common area hallways recently painted. Tenants pay electric, individual heat, and cooking gas.
    Exterior Features

    Lot Dimensions 8019 Number Of Parking Spaces 4

    Interior Features

    Air Conditioning None Basement Description Unfinished Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Type7 0 Number Of Bedrooms Unit1 2 Number Of Bedrooms Unit2 3 Number Of Bedrooms Unit3 0 Number Of Bedrooms Unit4 0 Number Of Full Bathrooms Type1 1 Number Of Full Bathrooms Type2 1 Number Of Ranges 6 Number Of Refrigs 6 Number Of Rooms Unit Five 0 Number Of Rooms Unit Four 0 Number Of Rooms Unit Six 0 Number Of Rooms Unit1 5 Number Of Rooms Unit2 5 Number Of Rooms Unit3 0 Number Of Rooms Unit7 0 Number Of Stories 3 Number Of Units Apt Type1 5 Number Of Units Apt Type2 1 Number Of Units Apt Type3 0 Number Of Units Apt Type4 0 Number Of Units Apt Type5 0 Number Of Units Apt Type6 0 Number Of Units Apt Type7 0 Repairs Decor Expense 5522

    Property Features

    Age Older Built Before1978 YN Yes Contingency Flag Attorney/Inspection Current Use Residential-Multi-Family Electric Expense Source Broker Projection Electrical Service Circuit BreakersSeparate Meters201-600 Amps Electricity Expense 607 Expense Year 2018 Exterior Building Type Brick Fuel Expense 1200 Fuel Expense Source Broker Projection Gross Rental Income Amount 73620 Heat Ventilation Forced AirGas Insurance Expense 3608 Insurance Expense Source Broker Projection Janitor Expense 1000 Janitor Expense Source Broker Projection Monthly Income Max1 1100 Monthly Income Max2 995 Net Oper Income Amount 36315 Other Expense Source Combination Other Expenses 4368 Owners Assoc YN No Tax Year 2016 Taxes 6062 Tenant Pays ElectricHeatHot Water Total Annual Exp 33624 Total Annual Expense Source Combination Total Annual Income 73620 Total Monthly Income 6135 Township Hyde Park Type Multi Family Flats Water Expense 2880 Water Expense Source Broker Projection Zoning Type Multi

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Homeriver Illinois Llc.


    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Property Consultants Realty. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Property Consultants Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing. Data last updated: 2019-04-22T18:52:41.487.

    Digital Millennium Copyright Act
     
    Property Consultants Realty
    2200 N Damen Ave.
    Chicago IL, 60647