7419 South Kimbark Avenue

7419 S Kimbark Ave Chicago, IL 60619

$2,500,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

exclusively engaged to market for sale, Kimbark Square @ 7415-23 S Kimbark Avenue, located on the border of two of Chicago's most historic and desirable South Side neighborhoods; Grand Crossing and South Shores. This (100% occupied) 31 unit apartment building made up of six (6) studio, nineteen (19) One Bedroom and six (6) Two Bedroom apartments presents itself to an investor looking for a turnkey operation who's tenant base expect top quality finishes, spacious floor plans, individually controlled...

Property Details for 7419 South Kimbark Avenue

Status
Active
Area
CHI - South Shore

Location

Listing Courtesy of @properties Commercial

Property Details for 7419 South Kimbark Avenue

StatusActive
MLS #10857063
Days on Market168
Taxes$24,524 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Courtyard
Year Built1927
Lot Size0.28 AC / 12,196 SF
CountyCook County

Listing Agent

Kevin Rocio

Kevin Rocio

@properties Commercial

kjrocio@atproperties.com

P: (312) 972-4381

Contact Agent(s)

Building Information for 7419 South Kimbark Avenue

Stories-Residences-Year Built1927Building Size-Lot Size0.28 AC / 12,196 SF

Payment Calculator

$10,422 per month

30 year fixed, 2.95% Interest

Principal and Interest

$8,378

Property Taxes

$2,044

HOA Dues

$0

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Property Information for 7419 South Kimbark Avenue

Property Information
    Property/Lot Information
  • Tenant Pays: Electric, Heat, Hot Water
  • Year Built: 1927
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Property Type: Multi Family 5+
  • Multi-Family Type: Courtyard
  • Acreage: 0
  • Lot Dimensions: 125.8X99.9
  • Zoning Type: MULTI
  • Num Of Units: 31
Multi-Unit 2-4 Information
    Unit 1 Information
  • Num Of Bdrms: 1
  • Num Of Full Bthrms: 1
  • Num Of Rooms: 2
  • Num Of Units: 6
  • Monthly Income: 585
  • Monthly Income Max: $625
    Unit 2 Information
  • Num Of Bdrms: 1
  • Num Of Full Bthrms: 1
  • Num Of Rooms: 3
  • Num Of Units: 19
  • Monthly Income: 700
  • Monthly Income Max: $850
    Unit 3 Information
  • Num Of Bdrms: 2
  • Num Of Full Bthrms: 1
  • Num Of Rooms: 4
  • Num Of Units: 6
  • Monthly Income: 825
  • Monthly Income Max: $903
    Unit 4 Information
  • Num Of Bdrms: 0
  • Num Of Rooms: 0
  • Num Of Units: 0
  • Monthly Income: 0
Multi-Unit 5+ Information
    Building Features
  • Num Of Dryers: 2
  • Num Of Ranges: 31
  • Num Of Refrigs: 31
  • Num Of Washers: 4
  • Heat Ventilation: Forced Air, Gas, Separate Per Unit
  • Washer/Dryer Leased: No
    Unit 5 Information
  • Num Of Bdrms: 0
  • Num Of Rooms: 0
  • Num Of Units: 0
  • Monthly Income: 0
    Unit 6 Information
  • Num Of Bdrms: 0
  • Num Of Rooms: 0
  • Num Of Units: 0
  • Monthly Income: 0
    Unit 7 Information
  • Num Of Bdrms: 0
  • Num Of Rooms: 0
  • Num Of Units: 0
  • Monthly Income: 0
    Income / Expense Information
  • Cap Rate Percent: 8
  • Electric Expense Source: Actual
  • Electricity Expense: 3912
  • Expense Year: 2019
  • Fuel Expense: 1452
  • Fuel Expense Source: Actual
  • Gross Rent Multiplier: 9
  • Gross Rental Income: 285276
  • Insurance Expense Source: Actual
  • Janitor Expense Source: Actual
  • Manager Expense: 13846
  • Net Operating Income: 193615
  • Net Operating Income Year: 2019
  • Other Expense Source: Actual
  • Other Expenses: 8950
  • Repairs Decor Expense: 7750
  • Repairs Decor Expense Source: Actual
  • Scavenger Expense: 2748
  • Scavenger Expense Source: Actual
  • Total Annual Expenses: 83298
  • Total Annual Income: 291176
  • Total Monthly Income: 24264
  • Water Expense: 7333
  • Water Expense Source: Actual

Property History for 7419 S Kimbark Ave

DateEvent & SourcePriceAppreciation
Sep 14, 2020

Listed (Active)

MRED #10857063

$2,500,000
Oct 12, 2017

Sold (Public Record)

Public Record #607408355

$1,435,000

+10.2% / yr

Mar 15, 2017

Expired

MRED #09503287

DateEvent & SourcePrice
09/14/2020

Listed (Active)

MRED #10857063

$2,500,000
10/12/2017

Sold (Public Record)

Public Record #607408355

$1,435,000

+10.2% / yr

03/15/2017

Expired

MRED #09503287

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

Schools near 7419 South Kimbark Avenue


SchoolTypeGradesDistanceRating
Madison Elementary SchoolPublicPK-80.1 mi
2
St Paul Lutheran SchoolPrivatePK-80.3 mi
NR
Muhammad UniversityPrivatePK-80.4 mi
NR
South Shore Fine Arts Elementary SchoolPublicPK-80.6 mi
2

Madison Elementary School

PK-8, 0.1 mi, Public

2

St Paul Lutheran School

PK-8, 0.3 mi, Private

NR

Muhammad University

PK-8, 0.4 mi, Private

NR

South Shore Fine Arts Elementary School

PK-8, 0.6 mi, Public

2

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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7419 South Kimbark Avenue is a multi-family home for sale in Chicago, IL 60619. This property was listed for sale on September 14, 2020 by @properties Commercial at $2,500,000. It has been on the market for a total of 168 days and was last sold on October 13, 2017. This listing's school district is City Of Chicago School District 299. Nearby schools include Jackson A Elementary Language Academy, Vaughn Occupational High School and Bronzeville Scholastic High School. 7419 South Kimbark Avenue is a 0-bed, 0-bath, multi-family home built in 1927. This address can also be written as 7419 S Kimbark Ave.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of @properties Commercial

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