6842 South Perry Avenue

Closed 10/23/20
Closed 10/23/20
Gallery Image 1
Sold
Last Sold Price
$380,000
12 beds

6842 S Perry Ave, Chicago, IL 60621

Multi FamilyProperty Type
0.20 acresLot 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
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    $2,029

    Property Taxes

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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

    6842 South Perry Avenue

    Baths

    6

    Total Finished SqFt

    7,182 SqFt

    Above Grade Finished SqFt

    7,182 SqFt

    Stories

    3

    Lot Size

    8,750 SqFt

    Style

    Multi-Family Res (5+ Units)

    Schools near 6842 South Perry Avenue

    This home is within Chicago Public Schools.
    Rating
    School
    Type
    Grades
    Distance
    Parker Elementary Community Academy
    		Public - PK to 8
    Englewood STEM High School
    		Public - 9 to 12
    Johnson College Prep
    		Charter - 9 to 12
    YCCS-Progressive Leadership Acad
    		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.

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    Nearby home values

    AddressSold priceBedsBathsSqftLot (Sqft)
    This home: 6842 South Perry Avenue, Chicago, IL 60621
    $380,000
    12
    –
    8,780
    6850 South Perry Avenue, Chicago, IL 60621
    $180,000
    6
    –
    3,750
    6840 South Perry Avenue, Chicago, IL 60621
    $295,000
    –
    –
    15,498
    8,750
    6836 South Perry Avenue, Chicago, IL 60621
    –
    –
    –
    –
    8,750
    136 West 69th Street, Chicago, IL 60621
    –
    –
    6
    6,132
    –
    6832 South Perry Avenue, Chicago, IL 60621
    –
    –
    –
    –
    8,750

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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.