1656 East 83rd Place
1656 East 83rd Place
$875,000
13
9
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Description
1656 E. 83rd Pl is a pristine and meticulously maintained nine (9) unit building located in the Avalon Park neighborhood of South Chicago. The building is situated on a premier tree-lined street and nestled amongst an abundance of single-family residential homes and just blocks away from both the highway an abundance of retail and grocery options along 83rd Street. Furthermore, the building sits just five (5) blocks from Avalon Park, featuring playground, pools, along with an outdoor fieldhouse with...1656 E. 83rd Pl is a pristine and meticulously maintained nine (9) unit building located in the Avalon Park neighborhood of South Chicago. The building is situated on a premier tree-lined street and nestled amongst an abundance of single-family residential homes and just blocks away from both the highway an abundance of retail and grocery options along 83rd Street. Furthermore, the building sits just five (5) blocks from Avalon Park, featuring playground, pools, along with an outdoor fieldhouse with basketball courts. 1656 E. 83rd Pl is currently comprised of nine (9) total units. The building is comprised of four (4) 2bd/1ba units and five (5) 1bd/1ba units. All of which, however, are incredibly spacious, feature hardwood flooring throughout, and contain both living and dining rooms. Moreover, all of the units have been renovated with updated kitchens and baths, and all of the units are equipped with individual furnaces, as well. Additional updates to the building include, but not limited to: a newer roof, updated copper plumbing, an updated exterior porch system, along with individual furnaces. 1656 E. 83rd Pl presents an investor with the unique opportunity to acquire a positive cash flowing asset in one Chicago's premier South Chicago neighborhoods. Additionally, given the majority of the tenants are long term, there's significant room to increase rents to current market rates. Should a new investor elect to stabilize the rent roll at current rental rates, there's an opportunity to achieve a near double digit cap rate.
- Listed by Aaron Sklar • Kiser Group Realty Inc
- Listed by Noah Birk • Kiser Group Realty Inc
Property Details for 1656 East 83rd Place
Area
CHI - Avalon Park
Location
LISTING UPDATED: 04/20/2024 03:03 AM
Property Details for 1656 East 83rd Place
Status | Active |
---|---|
MLS # | 12008374 |
Days on Market | 46 |
Taxes | $7,202 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Multi Family 5+-Garden Complex |
Year Built | 1928 |
Lot Size | 0.15 AC / 6,375 SF |
County | Cook County |
Location
Building Information for 1656 East 83rd Place
Stories-Residences9Year Built1928Building Size-Lot Size0.15 AC / 6,375 SF
Payment Calculator
$5,375 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1656 East 83rd Place
Property History for 1656 East 83rd Place
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1656 East 83rd Place
Taxable ValueLand$5,825Additions$29,192Total$35,017
Tax Record2022$7,202 ($600 / month)
Home Facts
Stories2Lot Size6,473 SqFtStyleMulti-Family Res (5+ Units)Year Built1928CountyCOOKAPN20-36-300-036
Schools near 1656 East 83rd Place
This home is within City Of Chicago School District 299.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Charter - | K to 8 | |||
Public - | 9 to 12 | |||
Charter - | 10 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
CICS Avalon CharterK to 8 | ||
Chicago Vocational Career Academy High School Public9 to 12 | ||
YCCS-Sullivan House Alt HS Charter10 to 12 | ||
South Shore Intl Col Prep High School 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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