7009 South Indiana Avenue

Chicago, IL 60637

$350,550
Last Sold Price
5
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Calling all investors! Prime Investment Opportunity: Highly Profitable 2-Unit Building with Versatile Potential Discover an exceptional investment prospect that guarantees impressive returns and a multitude of options. 60+ Airbnb reservations booked out ready to be taken on by a new owner! This profitable 2-unit building presents an ideal opportunity for savvy investors looking to capitalize on rental income, Airbnb success, or the flexibility to convert it into a single-family home. Each unit features...Calling all investors! Prime Investment Opportunity: Highly Profitable 2-Unit Building with Versatile Potential Discover an exceptional investment prospect that guarantees impressive returns and a multitude of options. 60+ Airbnb reservations booked out ready to be taken on by a new owner! This profitable 2-unit building presents an ideal opportunity for savvy investors looking to capitalize on rental income, Airbnb success, or the flexibility to convert it into a single-family home. Each unit features 2 bedrooms, 1 bathroom, and a convenient laundry area, ensuring comfortable living for tenants. Recently remodeled bathrooms, updated flooring, and ample storage space add a touch of modernity and practicality to the property. An additional advantage comes in the form of a bonus garden unit with a separate side entrance, expanding the income potential or offering personal usage opportunities. This property boasts several attractive qualities, including low taxes, a generous lot size, and abundant street parking options. Moreover, a newly paved driveway with a gate closure allows secure parking for two cars. Investors can confidently seize this highly profitable asset, benefitting from its current success and numerous possibilities for future growth. Don't miss out on this investment opportunity that combines profitability with versatility.
  1. Listed by Isabella Pascente • Engel & Voelkers Chicago

Sold By Dream Spots Leasing Inc

Property Details for 7009 South Indiana Avenue

Area
CHI - Greater Grand Crossing
Township
Hyde Park
Ownership
Fee Simple
Num Of Parking Spaces
2.0
Num Of Cars
2.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas

Location

Add your commute
LISTING UPDATED: 07/24/2023 04:32 PM

Property Details for 7009 South Indiana Avenue

StatusClosed
MLS #11800497
Days on Market49
Taxes$3,016 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Flat
Year Built-
Lot Size0.07 AC / 3,125 SF
CountyCook County

Location

Add your commute

Building Information for 7009 South Indiana Avenue

Stories-Residences2Year Built-Building Size-Lot Size0.07 AC / 3,125 SF

Payment Calculator

$2,164 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,913

Property Taxes

$251

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7009 South Indiana Avenue

General Information
School Information
  • Elementary School District: 299
  • Elementary School: Deneen Elementary School
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking: Space/s
  • Parking Details: Off Alley, Secured
  • Parking On Site: true
  • Parking Ownership: Owned
Property Information
Interior Features
  • Num Of Rooms: 14
  • Bedrooms (Below Grade): 0
  • Basement Type: Full
  • Bedrooms Possible: 5
  • Basement Description: Exterior Access
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
  • Num of Baths: 3.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2018
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 25X125
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Foundation Details: Brick/Mortar
  • General Information: None
  • North Coordinate: 0
  • South Coordinate: 7009
  • East Coordinate: 200
  • West Coordinate: 0
  • 3 Br Un In Bldg: No
Property and Assessments
  • Buyer Financing: Conventional, FHA, VA
  • Public Document Count: 0
  • Photos Count: 25
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Gross Income: $120,000.00
Unit 1
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: VAC
Unit 2
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: VAC

Property History for 7009 South Indiana Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 7009 South Indiana Avenue

Taxable ValueLand$3,906Additions$11,093Total$14,999
Tax Record2022$3,085 ($257 / month)
Home Facts
Baths2Total Finished SqFt1,972 SqFtAbove Grade Finished SqFt1,972 SqFtStories2Lot Size3,125 SqFtStyleMulti-Family Res (5+ Units)Year Built1922CountyCOOKAPN20-22-323-003

Schools near 7009 South Indiana Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Charter - 6 to 12
Charter - 10 to 12
Public - 9 to 12
Rating
School
Distance
Gary Comer College Prep
Charter6 to 12

YCCS-Progressive Leadership Acad
Charter10 to 12

Robeson 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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Engel & Voelkers Chicago

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.