The StopulosTeam
Description
Interra Realty has been exclusively engaged to present for sale 7150-52 S. Cornell Ave. Located in Chicago's historic South Shore neighborhood, the subject property contains 12 apartment units featuring (6) Studios and (6) 1 BD/1 BA unit layouts. The units feature spacious layouts and have been been renovated with updated kitchens and baths. There are gas forced air furnaces in every unit. Current ownership has pridefully maintained the building and made significant Cap-Ex upgrades including a new tear off roof and hot water tank in 2022. The property also features upgraded electric service. A qualified investor has the opportunity to acquire a turn key, well managed, stabilized asset in one of Chicago's fastest appreciating submarkets with the ability to continue to increase rents to the top of the market upon tenant turnover. There is also infrastructure in place for the buildout of (2) additional garden apartments.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
County: Cook
Listed By:
Flats, LLC
312-506-3200
MRED MLS
MLS ID: 12589249
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7150-52 S Cornell Avenue, Chicago, IL 60649.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $825,000 | $825,000 | $825,000 |
| Down Payment | $165,000 | $28,875 | $206,250 |
| Monthly Mortgage Amount | $3,852 | $4,727 | $5,015 |
| Taxes | $1148 | $1148 | $1148 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $363 | $0 |
| Monthly Estimated Total | $5,241 | $6,479 | $6,404 |
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