7125 West Addison, Chicago IL 60634
Property Description
Original owners decided it's time to sell. All units are above grade. No garden units! This beautiful yellow brick building is being offered for sale for the first time in 50 years! This high visibility prime corner location offers more parking for tenants as well as more sunlight and an overall open and more comfortable feel! There are 6 parking spaces in the rear off the alley that are sizable and easy to access. The unit mix is comprised of 6 units in total with 5 being 2 bedrooms and 1 bath and 1 unit having 1 bedroom and 1 bath. As you can imagine these rents are very low due to the long time owners and long time tenants. Do your own math and you will be impressed at how much the NOI will change with only a modest rent increase. All tenants are on a month to month lease. Building was newly tuckpointed 3 years ago! Market rents for the 2 bedroom units $1500-$1800 and for the 1 bedroom unit $1150-$1400. See pro forma under additional information using the low end of market rents. This quality 6 unit building is a huge win for your portfolio!
Features & Information
Key Details
- List Price $1,050,000
- Property Taxes $13,753
- Price/ Sq. Ft. Unavailable
- Year Built 1974
- Status Contingent
Building Information
- Age of Building 36-50 Years
- Exterior Construction Brick
- Foundation Concrete
- Heating & Cooling Gas, Baseboard
Location
- County Cook
- Directions to Property Addison St. East Of Harlem Ave.
-
Property Taxes
- Tax 13753
- Parcel Identification Number 13193020430000
Listed by Ralph Milito for @properties Christie's International Real Estate | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 12/19/2024 12:02 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Explore Schorsch Village
This charming neighborhood tucked away in the northwest side of Chicago is brimming with a vibrant and diverse population of residents and restaurants. The shady streets of Schorsch Village are often active with folks walking their dogs, parents pushing strollers and children playing in their front yards. Real estate in the area ranges from affordable, one-bedroom condominiums to million-dollar houses with five or six bedrooms. An eclectic, yet quaint wining and dining scene is all Schorsch Villagers need to enjoy an evening out with friends and family. Schorsch Village is an ideal place to settle for people in any stage of life, whether you are buying your first home or making plans for retirement.
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