7956 South Dobson Avenue

Chicago, IL 60619

$1,250,000
Price
23
Beds
12
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This is that armchair investment property you've been looking for! Almost everything has been done so you can sit back and collect rent. Solid brick 12 flat on a corner lot. Eleven large 2 Bed/1 and Bath units and one 1 Bed/1 Bath all rehabbed. All units have their own HVAC. Building in great condition w/ newer roof & windows. Extremely well maintained. Fully rented building with good tenants brings in over $13K per month! Walking distance to the 79th Street Metra station.This is that armchair investment property you've been looking for! Almost everything has been done so you can sit back and collect rent. Solid brick 12 flat on a corner lot. Eleven large 2 Bed/1 and Bath units and one 1 Bed/1 Bath all rehabbed. All units have their own HVAC. Building in great condition w/ newer roof & windows. Extremely well maintained. Fully rented building with good tenants brings in over $13K per month! Walking distance to the 79th Street Metra station.
  1. Listed by Brian Ruff • Coldwell Banker Real Estate Group

Property Details for 7956 South Dobson Avenue

Area
CHI - Chatham
Township
Hyde Park
Zoning
MULTI

Location

Listing Courtesy of Coldwell Banker Real Estate Group
Add your commute
LISTING UPDATED: 04/30/2024 11:19 AM

Property Details for 7956 South Dobson Avenue

StatusActive
MLS #11953633
Days on Market122
Taxes$8,265 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1926
Lot Size0.15 AC / 6,750 SF
CountyCook County

Location

Listing Courtesy of Coldwell Banker Real Estate Group
Add your commute

Building Information for 7956 South Dobson Avenue

Stories-Residences12Year Built1926Building Size-Lot Size0.15 AC / 6,750 SF

Payment Calculator

$7,511 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,822

Property Taxes

$689

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7956 South Dobson Avenue

General Information
Addtl Parking Information
  • Open Parking Spaces: 0.0
Location and General Information
  • Information: List Broker Must Accompany,No Sign on Property
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Basement Description: Unfinished
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Gas
  • Num of Baths: 12.0
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: 54 X 125
  • Stories: 3
  • Exterior Building Type: Brick
  • Foundation Details: Concrete Perimeter
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 28
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 12
Income & Expenses
  • Electric Expense: $2,393.00
  • Fuel Expense: $4,827.00
  • Gross Income: $157,500.00
  • Gross Scheduled Income: $157,500.00
  • Insurance Expense: $9,356.00
  • Maintenance Expense: $1,264.00
  • Manager Expense: $5,231.00
  • Expense Year: 2022
  • Total Annual Expense Source: Actual
  • Janitor Expense: 3720
  • Total Monthly Income: 13125
  • Net Operating Income: $112,283.00
  • Operating Expense: $45,217.00
  • Other Expense: $1,240.00
  • Trash Expense: $857.00
  • Water Sewer Expense: $7,864.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 11
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
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 7956 South Dobson 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 7956 South Dobson Avenue

Taxable ValueLand$6,120Additions$34,062Total$40,182
Tax Record2022$8,265 ($689 / month)
Home Facts
Stories3Lot Size6,800 SqFtStyleMulti-Family Res (5+ Units)Year Built1926CountyCOOKAPN20-35-104-033

Schools near 7956 South Dobson Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - K to 8
Charter - 6 to 12
Rating
School
Distance
Avalon Park Elementary School
PublicPK to 8

Hirsch Metropolitan High School
Public9 to 12

CICS Avalon
CharterK to 8

Gary Comer College Prep
Charter6 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

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Similar Sold Homes

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7956 South Dobson Avenue is a multi-family home for sale in Chicago, IL 60619. This property was listed for sale on January 1, 2024 by Coldwell Banker Real Estate Group, it's currently listed at $1,250,000. It has been on the market for a total of 122 days and was last sold on December 23, 2017. This listing's school district is City Of Chicago School District 299. Nearby schools include Avalon Park Elementary School, Hirsch Metropolitan High School and CICS Avalon. 7956 South Dobson Avenue is a 23-bed, 12-bath, multi-family home built in 1926.

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 Coldwell Banker Real Estate Group

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 04/30/2024 11:19 AM. 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.