10313-17 South Hale, Chicago IL 60643
Property Description
Excellent investment and redevelopment opportunity! This three-story, masonry constructed, 23-unit, multi-family property is in the Beverly neighborhood directly across from the 103rd Street Metra Train Station. It features an attractive mix of 19 two-bedroom one-bathroom units, 3 three-bedroom and 1.5-bathroom units and 1 three-bedroom and two-bathroom unit. All units are centrally heated via a radiant boiler system. The cost of heating the units is the responsibility of the landlord. The units are cooled via sleeve air conditioning units. The cost of electricity is paid by the tenant. The building includes a common area laundry and features an exterior parking lot with 30 spaces. This is a value-add opportunity. There are 13 vacant units, of these at least five units are in poor condition and need complete renovation. In addition, the remaining vacant units and the occupied units present opportunities to refresh those units and command market rents which are estimated to be higher than current rents.
Features & Information
Key Details
- List Price $2,000,000
- Property Taxes $47,740
- Price/ Sq. Ft. Unavailable
- Year Built 1970
- Status Active
Building Information
- Age of Building Older
- Heating & Cooling Central Bldg Heat
Location
- County Cook
- Directions to Property Wood Street To 105th Street. West On 105th Street To Hale. North On Hale To Address.
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Property Taxes
- Tax 47740
- Parcel Identification Number 25182010340000
Listed by William Bates Jr for EXIT Strategy Realty | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 1/29/2025 11:02 PM. 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 Beverly
A suburban feel in an urban surrounding, Beverly has long been known as one of Chicago's safest and most stable middle class neighborhoods, proud of its quiet tree-lined streets and cultural diversity. Residences in Beverly are prized for their wide open lots and large countryside-style homes (the kind you're likely to see a tire swing hanging from the backyard tree). While portions of Beverly are characterized by stately manors with circular front drives, the majority of the neighborhood offers attractive two-story redbrick houses, raised 1940s ranches, and cottage-like split-levels with side drives and good-sized lawns. The bulk of Beverly's businesses are found on Western Avenue, where most of Beverly's residents go to grab a bite and hang out with friends. A legion of restaurants, pizzerias, takeout places, and cafés edge the street, a few with a noticeable Irish tinge that pays tribute the area's ancestry.
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