Sold
Last Sold Price
12 beds
6842 S Perry Ave, Chicago, IL 60621
Multi FamilyProperty Type
8,780 sq ftLot Size
1888Year Built
4 carsParking Spaces

Description

9% In Place Cap Rate 12.13% Pro Forma Cap Rate Large, Renovated Units Opportunity Zone Property is a center entranced six (6) unit building located on a quiet, tree lined street in Chicago's Park Manor neighborhood. The property is situated less than two blocks from, both, the Dan Ryan Expressway and the CTA Red Line (69th Stop). Both of which provide tenants with easy access to all public transportation throughout Chicago and a quick commute to Chicago's Downtown. Furthermore, 6842 S. Perry sits...9% In Place Cap Rate 12.13% Pro Forma Cap Rate Large, Renovated Units Opportunity Zone Property is a center entranced six (6) unit building located on a quiet, tree lined street in Chicago's Park Manor neighborhood. The property is situated less than two blocks from, both, the Dan Ryan Expressway and the CTA Red Line (69th Stop). Both of which provide tenants with easy access to all public transportation throughout Chicago and a quick commute to Chicago's Downtown. Furthermore, 6842 S. Perry sits in a Federally recognized Opportunity Zone. Asset is comprised solely of six (6) rehabbed 2bd/1ba units. All of which have hardwood flooring throughout and boast an open style concept with updated kitchens and bathrooms. Additional improvements to the building consist of, but not limited to: newer windows, recent tuckpointing, re-wired electric, and a newer porch.

    Sold By Kiser Group Realty Inc

    • Listed by: Aaron Sklar 248.752.8232 asklar@kisergroup.com • Kiser Group Realty Inc
    • Listed by: Noah Birk 630.209.3622 nbirk@kisergroup.com • Kiser Group Realty Inc
    Listing closed: 10/23/2020 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 10532034

    Recent comparable sales

    Median sold price

    $415,000

    Avg days on market

    46

    Sale-to-list ratio

    94.5%

    Chicago, IL

    9 comparable properties found

    $415,000 | 8346-48 South Drexel Avenue, Chicago, IL 60619
    1/10
    1

    $415,000

    Sold 08/28/26

    12
    Bedrooms
    Unavailable
    Square Feet
    0.14
    Acres
    a view of a brick building next to a yard
    1/10
    2

    $410,000

    Sold 10/21/24

    12
    Bedrooms
    Unavailable
    Square Feet
    0.16
    Acres
    $130,000 | 6559 South Peoria Street, Chicago, IL 60621
    1/34
    3

    $130,000

    Sold 04/11/25

    12
    Bedrooms
    Unavailable
    Square Feet
    0.06
    Acres
    a front view of a house with swimming pool
    1/15
    4

    $583,000

    Sold 08/19/25

    12
    Bedrooms
    Unavailable
    Square Feet
    0.14
    Acres
    front view of a building
    1/26
    5

    $450,000

    Sold 06/30/25

    12
    Bedrooms
    Unavailable
    Square Feet
    0.17
    Acres
    $407,000 | 9436 South Laflin Street, Chicago, IL 60620
    1/13
    6

    $407,000

    Sold 01/07/25

    12
    Bedrooms
    Unavailable
    Square Feet
    0.14
    Acres
    front view of a house
    1/4
    7

    $400,000

    Sold 01/21/25

    12
    Bedrooms
    5,400
    Square Feet
    0.13
    Acres
    a front view of a house with a yard
    1/27
    8

    $420,000

    Sold 01/24/25

    12
    Bedrooms
    Unavailable
    Square Feet
    0.15
    Acres
    a car parked in front of a building
    1/17
    9

    $620,000

    Sold 04/08/25

    12
    Bedrooms
    Unavailable
    Square Feet
    0.09
    Acres

    Location

    Add your commute

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    $2,357 per month

    30 year fixed, 6.55% Interest

    Principal and Interest

    $1,931

    Property Taxes

    $425

    HOA Dues

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    Property Information for 6842 South Perry Avenue

    Property Details
    • Taxes: $5,103 / year
    • MLS Type: Multi Family 5+ / Flats
    • County: Cook County
    • Area: CHI - Greater Grand Crossing
    • Zoning: MULTI
    Building Information
    • Stories: 3
    • Residences: 6
    • Year Built: 1888
    • Lot Size: 0.20 AC / 8,780 SF
    General Information
    Location and General Information
    • Information: List Broker Must Accompany,48-Hr Notice Required,Non-Disclosure Agreement
    Taxes and HOA Information
    • Additional Parcels: No
    Property Information
    Interior Features
    • Heat/Ventilation: Separate Per Unit
    • Num of Baths: 6.0
    Property/Lot Information
    • Tenant Pays: Electricity, Heat
    • Built Before 1978: Yes
    • Approximate Age: Older
    • Multi-Family Type: Flats
    • Lot Dimensions: 160X60
    • Lot Size Square Feet: 8780.0
    • Stories: 3
    • Building Area Total: 7182
    Property and Assessments
    • Public Document Count: 0
    • Photos Count: 8
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    Multi Family
    Multi-Family Information
    • Number Of Units Total: 6
    Income & Expenses
    • Electric Expense: $755.00
    • Fuel Expense: $.00
    • Gross Income: $60,132.00
    • Gross Scheduled Income: $60,132.00
    • Insurance Expense: $2,400.00
    • Maintenance Expense: $2,000.00
    • Manager Expense: $2,856.00
    • Janitor Expense: 1500
    • Total Monthly Income: 5011
    • Net Operating Income: $39,257.00
    • Operating Expense: $17,869.00
    • Other Expense: $1,000.00
    • Trash Expense: $.00
    • Water Sewer Expense: $2,254.00
    Unit 1
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 1
    • Unit Type Units Total: 6
    Unit 2
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 2
    • Unit Type Units Total: 0
    Unit 3
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 3
    • Unit Type Units Total: 0
    Unit 4
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 4
    • Unit Type Units Total: 0
    Unit 5
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 5
    • Unit Type Units Total: 0
    Unit 6
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 6
    • Unit Type Units Total: 0
    Unit 7
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 7
    • Unit Type Units Total: 0

    Property History for 6842 South Perry Avenue

    DateEvent & SourcePriceAppreciation
    Oct 23, 2020

    Sold

    MRED #10532034

    $380,000
    Jun 24, 2020

    Pending

    MRED #10532034

    Dec 30, 2019

    Listed (Active)

    MRED #10532034

    $435,000
    DateEvent & SourcePrice
    10/23/2020

    Sold

    MRED #10532034

    $380,000
    06/24/2020

    Pending

    MRED #10532034

    12/30/2019

    Listed (Active)

    MRED #10532034

    $435,000

    For completeness, we often displays two records for one sale: the MLS record and the public record.

    Public Records for 6842 South Perry Avenue

    Taxable ValueLand$2,625Additions$27,507Total$30,132
    Tax Record2023$4,837 ($403 / month)
    Home Facts
    Baths6Total Finished SqFt7,182 SqFtAbove Grade Finished SqFt7,182 SqFtStories3Lot Size8,750 SqFtStyleMulti-Family Res (5+ Units)Year Built1892Year Renovated1893ZoningRT-4CountyCOOKAPN20-21-407-020-0000

    Schools near 6842 South Perry Avenue

    This home is within Chicago Public Schools.
    Rating
    School
    Type
    Grades
    Distance
    Public - PK to 8
    Public - 9 to 12
    Charter - 9 to 12
    Charter - 9 to 12
    Rating
    School
    Distance
    Parker Elementary Community Academy
    PublicPK to 8

    Englewood STEM High School
    Public9 to 12

    Johnson College Prep
    Charter9 to 12

    YCCS-Progressive Leadership Acad
    Charter9 to 12

    School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

    Neighborhood Map and Transit

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    No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

    Listing Courtesy of Kiser Group Realty Inc

    Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 08/04/2023 01:37 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.