Sold
Last Sold Price
12 beds

7201 S Sangamon St, Chicago, IL 60621

Multi FamilyProperty Type
0.07 acresLot Size
1889Year Built

Description

Prime Investment Opportunity: Partially Occupied Six-Unit Property with Generational Wealth Potential Discover an exceptional investment opportunity with this six-unit property, each featuring two spacious bedrooms and a modern bathroom. Ideally located just steps from convenient public transportation, this property is perfect for attracting and retaining quality tenants. Families will appreciate the proximity to the area schools within walking distance, while the surrounding neighborhood offers...Prime Investment Opportunity: Partially Occupied Six-Unit Property with Generational Wealth Potential Discover an exceptional investment opportunity with this six-unit property, each featuring two spacious bedrooms and a modern bathroom. Ideally located just steps from convenient public transportation, this property is perfect for attracting and retaining quality tenants. Families will appreciate the proximity to the area schools within walking distance, while the surrounding neighborhood offers a wealth of services and charming local eateries, adding to the appeal for all generations. This property not only provides immediate rental income but also serves as a strong foundation for building generational wealth. With its strategic location and consistent occupancy, this is an opportunity you won't want to miss. Secure your future with an investment that promises long-term growth in a vibrant, thriving community.

    Sold By Top Care Realty LLC

    • Listed by: Tamika Marks 773.656.9895 marksrealtor@yahoo.com • Trademarks & Associates
    Listing closed: 10/24/2024 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 12131837
    See It First™ on Compass

    Find homes before they're listed on other real estate sites.

    Start your search

    Location

    Add your commute
    Payment Calculator

    Get preapproved with
    OriginPoint Mortgage or Rocket Mortgage1

    $1,062 per month

    30 year fixed, 7.03% Interest

    Principal and Interest

    $908

    Property Taxes

    $154

    HOA Dues

    $0

    The Payment Calculator is for illustrative purposes only.
    Know your buying power with a preapproval and custom rate in minutes
    Rocket Mortgage1

    Property Information for 7201 South Sangamon Street

    Property Details

    • Taxes: $1,851 / year
    • MLS Type: Multi Family 5+ / Multi Family 5+-Other
    • County: Cook County
    • Area: CHI - Englewood
    • Zoning: MULTI

    Building Information

    • Stories: 2
    • Residences: 6
    • Year Built: 1889
    • Lot Size: 0.07 AC / 2,875 SF

    General Information

    Addtl Parking Information
    • Outdoor Parking: 1-5 Spaces,Parking-Street
    Location and General Information
    • Frontage Type: City Street
    • Information: Show-Special Instructions,48-Hr Notice Required,Other-See Remarks,No Sign on Property
    Taxes and HOA Information
    • Additional Parcels: No

    Property Information

    Interior Features
    • Heat/Ventilation: Gas
    • Num of Baths: 6.0
    Exterior Features
    • Misc Outside: Security Gate
    Property/Lot Information
    • Owners Association: No
    • Tenant Pays: Electricity, Heat
    • Built Before 1978: Yes
    • Approximate Age: Older
    • Multi-Family Type: Other
    • Lot Dimensions: 23X125
    • Stories: 2
    • Exterior Building Type: Vinyl Siding
    • Roof Structure: Flat
    • Foundation Details: Concrete Perimeter
    • Building Area Total: 4359
    • Lot Size Source: County Records
    • Conversion: N
    Property and Assessments
    • Possible Use: Multi-Family
    • Public Document Count: 0
    • Photos Count: 6
    • Deconversion: N
    Miscellaneous
    • Current Use: Multi-Family
    • Land Amenities: Curbs and Gutters,Sidewalks
    • Location: In City Limits
    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: $.00
    • Fuel Expense: $.00
    • Gross Income: $52,800.00
    • Gross Scheduled Income: $52,800.00
    • Insurance Expense: $.00
    • Maintenance Expense: $.00
    • Manager Expense: $.00
    • Electric Expense Source: Broker Projection
    • Expense Year: 2023
    • Total Annual Expense Source: Broker Projection
    • Fuel Expense Source: Broker Projection
    • Insurance Expense Source: Broker Projection
    • Janitor Expense: 0
    • Manager Expense Source: BP
    • Other Expense Source: Broker Projection
    • Repairs-Decor Expense Source: Broker Projection
    • Trash Expense Source: Broker Projection
    • Total Monthly Income: 4400
    • Water Expense Source: Broker Projection
    • Net Operating Income: $40,960.00
    • Operating Expense: $11,840.00
    • Other Expense: $.00
    • Trash Expense: $.00
    • Water Sewer Expense: $.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: 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 7201 South Sangamon Street

    DateEvent & SourcePriceAppreciation
    Oct 24, 2024

    Sold

    MRED #12131837

    $170,000—
    Oct 22, 2024

    Sold (Public Record)

    Public Record #1543920776

    $170,000

    +12.7% / yr

    Oct 17, 2024

    Pending

    MRED #12131837

    —
    DateEvent & SourcePrice
    10/24/2024

    Sold

    MRED #12131837

    $170,000
    10/22/2024

    Sold (Public Record)

    Public Record #1543920776

    $170,000

    +12.7% / yr

    10/17/2024

    Pending

    MRED #12131837

    —

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

    Public Records for 7201 South Sangamon Street

    Taxable Value

    Land

    $887

    Additions

    $20,113
    Total$21,000

    Tax Record

    2023

    $1,899 ($158 / month)

    Home Facts

    Baths

    5

    Total Finished SqFt

    4,359 SqFt

    Above Grade Finished SqFt

    4,359 SqFt

    Stories

    2

    Lot Size

    2,958 SqFt

    Style

    Multi-Family Res (5+ Units)

    Year Built

    1889

    Year Renovated

    1891

    Zoning

    RS-3

    County

    COOK

    APN

    20-29-213-001-0000

    Schools near 7201 South Sangamon Street

    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 - 9 to 12
    Rating
    School
    Distance
    Stagg Elementary School
    PublicPK to 8

    Englewood STEM High School
    Public9 to 12

    EXCEL ACADEMY - ENGLEWOOD HS
    Public9 to 12

    Community Youth Development Institute
    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

    Similar Homes

    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 Trademarks & Associates

    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 10/24/2024 11:40 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.