7200 South Stony Island Avenue
7200 South Stony Island Avenue
$2,025,000
36
24
—
—
—
Closed 8/28/23
Description
Triton Realty Group, LLC presents for purchase 7200-02 S. Stony Island Avenue, a 24 unit multifamily building located in Chicago's booming South Shore neighborhood. This elegant brick walk-up contains an excellent unit mix featuring twelve (12) 2 bed/1 bath and twelve (12) 1 bed/1 bath apartments. This property has received great care, maintenance, and updates to the units all while preserving its classic historic Chicago architecture. Every apartment showcases desirable open floor plans with massive...Triton Realty Group, LLC presents for purchase 7200-02 S. Stony Island Avenue, a 24 unit multifamily building located in Chicago's booming South Shore neighborhood. This elegant brick walk-up contains an excellent unit mix featuring twelve (12) 2 bed/1 bath and twelve (12) 1 bed/1 bath apartments. This property has received great care, maintenance, and updates to the units all while preserving its classic historic Chicago architecture. Every apartment showcases desirable open floor plans with massive square footage, large living areas, ample bedroom space, a beautiful kitchen and plenty of natural light. Other updates include condo quality finishes: stainless-steel appliances, in-unit laundry, refinished hardwood flooring, and updated bathrooms. In addition to its cosmetic updates, the building has individual and separate utilities in-unit, minimizing owner expenses. Further building improvements include, but are not limited to, updated electric, plumbing, a steel porch system, and an abundance of masonry & tuckpointing work. 7200-02 S. Stony Island Avenue presents an incredible investment opportunity to acquire a renovated building in one of Chicago's most developing and desirable neighborhoods, South Shore. From a risk-adjusted perspective, a new investor has the prospect of adding value without the significant cost of a construction renovation. By raising rents to levels already being achieved in the building, new ownership may further improve the building's income. A buyer has the rare opportunity to acquire a stabilized investment with upside potential in an appreciating location providing a solid cash-on-cash return for many years to come.
- Listed by Harrison Cohen • Triton Realty Group LLC
- Listed by James Thompson • Triton Realty Group LLC
Sold By Triton Realty Group LLC
Property Details for 7200 South Stony Island Avenue
Area
CHI - South Shore
Num Of Parking Spaces0.0
Num of Interior Fireplaces0
Location
LISTING UPDATED: 08/31/2023 03:01 AM
Property Details for 7200 South Stony Island Avenue
Status | Closed |
---|---|
MLS # | 11743503 |
Days on Market | 158 |
Taxes | $29,007 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Flats |
Year Built | 1898 |
Lot Size | 0.30 AC / 13,125 SF |
County | Cook County |
Location
Building Information for 7200 South Stony Island Avenue
Stories-Residences24Year Built1898Building Size-Lot Size0.30 AC / 13,125 SF
Payment Calculator
$13,469 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 7200 South Stony Island Avenue
Property History for 7200 South Stony Island Avenue
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 7200 South Stony Island Avenue
Taxable ValueLand$10,840Additions$103,687Total$114,527
Tax Record2022$29,707 ($2,476 / month)
Home Facts
Stories3Lot Size12,045 SqFtStyleMulti-Family Res (5+ Units)Year Built1898CountyCOOKAPN20-26-211-016
Schools near 7200 South Stony Island Avenue
This home is within City Of Chicago School District 299.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | PK to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Madison Elementary School PublicPK to 8 | ||
Chicago Vocational Career Academy High School Public9 to 12 | ||
South Shore Fine Arts Elementary School PublicPK to 8 | ||
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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