Sold
Last Sold Price
24 beds
7000 S Racine Ave, Chicago, IL 60636
Multi FamilyProperty Type
0.14 acresLot Size
1914Year Built

Description

Located in the opportunity zone, add -value ten-unit apartment building in the Englewood neighborhood. Brick corner building consists of four (4) three-bedroom / one-bathroom units, six (6) two-bedroom / one-bathroom units and one (1) bedroom / one-bathroom units. All units are on month/month leases. New ownership has the opportunity to update the units and rent them out at market rate. Sold As-Is, Where is.Located in the opportunity zone, add -value ten-unit apartment building in the Englewood neighborhood. Brick corner building consists of four (4) three-bedroom / one-bathroom units, six (6) two-bedroom / one-bathroom units and one (1) bedroom / one-bathroom units. All units are on month/month leases. New ownership has the opportunity to update the units and rent them out at market rate. Sold As-Is, Where is.

    Sold By Keller Williams Preferred Rlty

    • Listed by: Dhereck Gomez 773.587.4304 dhereck.gomez@33realty.com • 33 Realty
    Listing closed: 03/31/2022 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 10859204

    Location

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    $2,704 per month

    30 year fixed, 6.71% Interest

    Principal and Interest

    $1,809

    Property Taxes

    $895

    HOA Dues

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    Property Information for 7000 South Racine Avenue

    Property Details
    • Taxes: $10,742 / year
    • MLS Type: Multi Family 5+ / Corridor-Interior Entrance
    • County: Cook County
    • Area: CHI - West Englewood
    • Num Of Parking Spaces: 0.0
    Building Information
    • Stories: 3
    • Residences: 10
    • Year Built: 1914
    • Lot Size: 0.14 AC / 6,147 SF
    General Information
    Location and General Information
    • Information: None
    Taxes and HOA Information
    • Additional Parcels: No
    Property Information
    Interior Features
    • Heat/Ventilation: Gas,Hot Water
    • Num of Baths: 10.0
    Property/Lot Information
    • Tenant Pays: Electricity
    • Built Before 1978: Yes
    • Approximate Age: Older
    • Multi-Family Type: Corridor-Interior Entrance
    • Lot Dimensions: 124 X 50
    • Lot Size Square Feet: 6147.0
    • Stories: 3
    • Exterior Building Type: Brick
    Property and Assessments
    • Public Document Count: 0
    • Photos Count: 6
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    Multi Family
    Multi-Family Information
    • Number Of Units Total: 10
    Income & Expenses
    • Electric Expense: $720.00
    • Fuel Expense: $9,000.00
    • Gross Income: $79,200.00
    • Gross Scheduled Income: $79,200.00
    • Insurance Expense: $.00
    • Maintenance Expense: $.00
    • Janitor Expense: 0
    • Total Monthly Income: 6600
    • Net Operating Income: $46,320.00
    • Operating Expense: $32,880.00
    • Other Expense: $.00
    • Trash Expense: $1,608.00
    • Water Sewer Expense: $5,400.00
    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 Baths Total: 1
    • Unit Type Beds Total: 3
    • Unit Type Type: Unit 2
    • Unit Type Units Total: 4
    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 7000 South Racine Avenue

    DateEvent & SourcePriceAppreciation
    Mar 31, 2022

    Sold

    MRED #10859204

    $350,000
    Feb 27, 2022

    Expired

    MRED #10859204

    Feb 23, 2022

    Sold (Public Record)

    Public Record #1490809417

    $350,000

    +2.0% / yr

    DateEvent & SourcePrice
    03/31/2022

    Sold

    MRED #10859204

    $350,000
    02/27/2022

    Expired

    MRED #10859204

    02/23/2022

    Sold (Public Record)

    Public Record #1490809417

    $350,000

    +2.0% / yr

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

    Public Records for 7000 South Racine Avenue

    Taxable ValueLand$5,625Additions$65,475Total$71,100
    Tax Record2024$14,285 ($1,190 / month)
    Home Facts
    Total Finished SqFt8,916 SqFtAbove Grade Finished SqFt8,916 SqFtStories2Lot Size6,250 SqFtStyleMulti-Family Res (5+ Units)Year Built1913Year Renovated1914ZoningB1-1CountyCOOKAPN20-20-331-024-0000

    Schools near 7000 South Racine Avenue

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

    Englewood STEM High School
    Public9 to 12

    EXCEL ACADEMY - ENGLEWOOD HS
    Public9 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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    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 33 Realty

    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 05/03/2022 11:03 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.