7363 South Coles Avenue
7363 South Coles Avenue
$975,000
18
18
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Description
7363 s. Coles is an incredibly Beautiful (9) unit property located in Chicago's South Shore neighborhood. Right off of Lake Michigan and Rainbow Beach Park, the building sits within walking distance of an abundance of public transportation options. Additionally, for quick and convenient transportation, the asset is nearby to Chicago's Lake Shore Drive which provides tenants easy access to Chicago's downtown in roughly fifteen minutes. 7363 S. Coles is currently comprised of nine (9) spacious 2b/1ba...7363 s. Coles is an incredibly Beautiful (9) unit property located in Chicago's South Shore neighborhood. Right off of Lake Michigan and Rainbow Beach Park, the building sits within walking distance of an abundance of public transportation options. Additionally, for quick and convenient transportation, the asset is nearby to Chicago's Lake Shore Drive which provides tenants easy access to Chicago's downtown in roughly fifteen minutes. 7363 S. Coles is currently comprised of nine (9) spacious 2b/1ba units. All units feature hardwood flooring throughout as well as updated tiling and fixtures in the bathroom. Furthermore, additional improvements to the building consist of but are not limited to, updated electric, an updated and newly coated roof, and laundry available to all tenants. Given the location and quality of the units, there is an incredibly large demand for apartments such as these. 7363 S. Coles presents an investor with a unique opportunity to acquire a strong, positive cash-flowing building with an in-place cap rate of over 8.2%. Given the quality of the units coupled with the prime location, by releasing and increasing rents to levels already being achieved in the building, an investor could further improve cash returns.
- Listed by Aaron Sklar • Kiser Group Realty Inc
- Listed by Noah Birk • Kiser Group Realty Inc
Property Details for 7363 South Coles Avenue
Area
CHI - South Shore
Location
LISTING UPDATED: 03/19/2024 12:45 PM
Property Details for 7363 South Coles Avenue
Status | Active |
---|---|
MLS # | 11986316 |
Days on Market | 95 |
Taxes | $10,490 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Multi Family 5+-Garden Complex |
Year Built | 1923 |
Lot Size | 0.14 AC / 6,050 SF |
County | Cook County |
Location
Building Information for 7363 South Coles Avenue
Stories-Residences9Year Built1923Building Size-Lot Size0.14 AC / 6,050 SF
Payment Calculator
$6,195 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 7363 South Coles Avenue
Property History for 7363 South Coles 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 7363 South Coles Avenue
Taxable ValueLand$5,445Additions$41,039Total$46,484
Tax Record2019$9,339 ($778 / month)
Home Facts
Stories3Lot Size6,050 SqFtStyleMulti-Family Res (5+ Units)Year Built1923CountyCOOKAPN21-30-113-018
Schools near 7363 South Coles 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 - | 9 to 12 | |||
Public - | 4 to 12 |
Rating | School | Distance |
---|---|---|
Powell Elementary Paideia Community Academy PublicPK to 8 | ||
Chicago Vocational Career Academy High School Public9 to 12 | ||
Excel Academy - Woodlawn HS Public9 to 12 | ||
CAMELOT SAFE ACADEMY SCHOOL Public4 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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