7800 South Coles Avenue
7800 South Coles Avenue
$1,250,000
17
11
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Description
7800 s. Coles is a beautiful eleven (11) California-style building located in Chicago's historic 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. 7800 S. Coles is comprised of five (5) 1b/1ba...7800 s. Coles is a beautiful eleven (11) California-style building located in Chicago's historic 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. 7800 S. Coles is comprised of five (5) 1b/1ba and six (6) 2bd/1ba. The units all feature hardwood flooring throughout and updated LVP flooring where necessary. Furthermore, additional improvements to the building consist of but are not limited to, in-unit HVAC, all copper plumbing, an updated roof, laundry access for tenants, and a paved parking lot in the rear. 7800 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 7800 South Coles Avenue
Area
CHI - South Shore
Location
LISTING UPDATED: 03/19/2024 12:49 PM
Property Details for 7800 South Coles Avenue
Status | Active |
---|---|
MLS # | 11987516 |
Days on Market | 94 |
Taxes | $5,745 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Multi Family 5+-Garden Complex |
Year Built | 1962 |
Lot Size | 0.20 AC / 8,613 SF |
County | Cook County |
Location
Building Information for 7800 South Coles Avenue
Stories-Residences11Year Built1962Building Size-Lot Size0.20 AC / 8,613 SF
Payment Calculator
$7,301 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 7800 South Coles Avenue
Property History for 7800 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 7800 South Coles Avenue
Taxable ValueLand$7,842Additions$34,658Total$42,500
Tax Record2019$8,539 ($712 / month)
Home Facts
Stories3Lot Size8,714 SqFtStyleMulti-Family Res (5+ Units)Year Built1962CountyCOOKAPN21-30-410-010
Schools near 7800 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 - | 4 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Powell Elementary Paideia Community Academy PublicPK to 8 | ||
Chicago Vocational Career Academy High School Public9 to 12 | ||
CAMELOT SAFE ACADEMY SCHOOL Public4 to 12 | ||
Excel Academy - Woodlawn HS 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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