7656 South Saginaw Avenue

Chicago, IL 60649

$750,000
Price
25
Beds
19
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

DEAL FELL THROUGH, so now availible for a reduced price for a quick sale. Being sold AS IS. Welcome to 7656 S Saginaw Ave, Chicago, IL 60649, a Multi-Family (5+ Units) property located in the vibrant South Shore community. This impressive building stands tall at 3 stories, boasting a classic brick exterior that exudes timeless appeal. The property offers a variety of units, including one-bedroom and one-bath, and two-bedroom one-bath units. All rental rates are Broker projections. One of the standout...DEAL FELL THROUGH, so now availible for a reduced price for a quick sale. Being sold AS IS. Welcome to 7656 S Saginaw Ave, Chicago, IL 60649, a Multi-Family (5+ Units) property located in the vibrant South Shore community. This impressive building stands tall at 3 stories, boasting a classic brick exterior that exudes timeless appeal. The property offers a variety of units, including one-bedroom and one-bath, and two-bedroom one-bath units. All rental rates are Broker projections. One of the standout features of this property is its close proximity to the beautiful Rainbow Beach Park, offering residents the opportunity to enjoy nature, relax by the lake, or engage in outdoor activities. South Shore community, known for its vibrant atmosphere and community-oriented lifestyle, provides a welcoming and diverse environment for residents. This property is less than 2 miles from the Obama Presidential Library, and less the one mile from South Shore Golf Course which has plans to be redesigned by Tiger Woods.
  1. Listed by Michael Harris • Baird & Warner

Property Details for 7656 South Saginaw Avenue

Area
CHI - South Shore
Township
Hyde Park
Zoning
MULTI

Location

Listing Courtesy of Baird & Warner
Add your commute
LISTING UPDATED: 05/16/2024 02:40 PM

Property Details for 7656 South Saginaw Avenue

StatusContingent
MLS #11833997
Days on Market297
Taxes$17,093 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built1925
Lot Size0.18 AC / 7,840 SF
CountyCook County

Location

Listing Courtesy of Baird & Warner
Add your commute

Building Information for 7656 South Saginaw Avenue

Stories-Residences19Year Built1925Building Size-Lot Size0.18 AC / 7,840 SF

Payment Calculator

$5,517 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,093

Property Taxes

$1,424

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7656 South Saginaw Avenue

General Information
Addtl Parking Information
  • Open Parking Spaces: 0.0
Location and General Information
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Central Bldg Heat,Gas,Radiators,Steam
  • Num of Baths: 19.0
Property/Lot Information
  • Tenant Pays: Electricity, Other
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Interior Entrance
  • Lot Dimensions: 47X166.9
  • Stories: 3
  • Lot Size Source: County Records
  • MRD_UNC: No
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2023-07-17T17:04:56
  • Photos Count: 21
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 19
Income & Expenses
  • Electric Expense: $1,475.00
  • Fuel Expense: $19,325.00
  • Gross Income: $208,200.00
  • Gross Scheduled Income: $208,200.00
  • Insurance Expense: $9,253.00
  • Maintenance Expense: $4,200.00
  • Janitor Expense: 3600
  • Total Monthly Income: 17350
  • Water Expense Source: Owner Projection
  • Net Operating Income: $132,068.00
  • Operating Expense: $76,132.00
  • Other Expense: $3,220.00
  • Trash Expense: $4,166.00
  • Water Sewer Expense: $8,400.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 9
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 6
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 3
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 7656 South Saginaw 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 7656 South Saginaw Avenue

Taxable ValueLand$7,064Additions$77,941Total$85,005
Tax Record2022$17,484 ($1,457 / month)
Home Facts
Stories3Lot Size7,849 SqFtStyleMulti-Family Res (5+ Units)Year Built1925CountyCOOKAPN21-30-311-031

Schools near 7656 South Saginaw 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
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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 Baird & Warner

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. Based on information submitted to the MLS GRID as of 05/16/2024 02:40 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.