8927 South Muskegon Avenue

Chicago, IL 60617

$345,000
Price
14
Beds
8
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

((Motivated Sellers just Dropped the price!)) Really Decent looking property with some Good Value Add, (still needs a bit of work)... ((8 unit / But its a Legal 6 unit & There's 2 Buildings on the property)). The property is located in South Chicago directly across the street from Bessemer Park with a great swimming pool and tennis courts and right around the corner from Baker College Prep. Several units have been renovated being unit 1B, 2B, 3A, 3B and the coach house units. All the decks have been...((Motivated Sellers just Dropped the price!)) Really Decent looking property with some Good Value Add, (still needs a bit of work)... ((8 unit / But its a Legal 6 unit & There's 2 Buildings on the property)). The property is located in South Chicago directly across the street from Bessemer Park with a great swimming pool and tennis courts and right around the corner from Baker College Prep. Several units have been renovated being unit 1B, 2B, 3A, 3B and the coach house units. All the decks have been updated and are to code. The building has some newer windows that have been installed over the past few years. The property does not have any violations and will pass all inspections. All utilities are separate and paid for by the tenants. The building is sitting at a decent cap rate of 7.14% now and that's with only 4 of the 8 units rented & occupied. If all units are rented & occupied the cap rate would be at least a solid 14% conservatively. ((48 HOURS NOTICE IS REQUIRED FOR ALL SHOWINGS PER ILLINOIS TENANTS RIGHTS))

Listing Agent

  1. David Mishel

    David Mishel

    Listing Agent

    Compass

Property Details for 8927 South Muskegon Avenue

Area
CHI - South Chicago
Township
Lake
Zoning
MULTI

Location

Add your commute
LISTING UPDATED: 04/25/2024 12:07 AM

Property Details for 8927 South Muskegon Avenue

StatusActive
MLS #12034374
Days on Market14
Taxes$2,807 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1888
Lot Size0.08 AC / 3,475 SF
CountyCook County

Location

Add your commute

Building Information for 8927 South Muskegon Avenue

Stories-Residences8Year Built1888Building Size-Lot Size0.08 AC / 3,475 SF

Payment Calculator

$2,117 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,883

Property Taxes

$234

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8927 South Muskegon Avenue

General Information
Addtl Parking Information
  • Open Parking Spaces: 0.0
Location and General Information
  • Frontage Type: City Street
  • Information: 48-Hr Notice Required,No Sign on Property,Leases Avaliable
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Electric: Circuit Breakers, Service - 201 to 600 Amps
  • Heat/Ventilation: Wall Unit,Baseboard
  • # Of Refrigerators: 8
  • Num of Baths: 8.0
Exterior Features
  • Misc Outside: Security Lighting,Storms and Screens (as exist)
Utilities / Equipment
  • Utilities: Water-Municipal, Water to Site
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat, Hot Water
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Flats
  • Lot Dimensions: 25X125
  • Lot Size Square Feet: 3475.0
  • Stories: 3
  • Exterior Building Type: Aluminum Siding, Vinyl Siding
  • Construction: Wood Frame
  • Roof Type: Fiberglass
  • Fire Protection: Alarm On Site,Fire Extinguisher/s
  • Roof Structure: Hip
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 3132
  • # Of Ranges: 8
  • Conversion: N
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Multi-Family
  • Public Document Count: 0
  • Photos Count: 32
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Lighting/Exterior,Sidewalks
  • Location: Park Adjacent,Public Transport Avail
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
Income & Expenses
  • Electric Expense: $480.00
  • Fuel Expense: $.00
  • Gross Income: $38,100.00
  • Gross Scheduled Income: $38,100.00
  • Insurance Expense: $6,042.00
  • Maintenance Expense: $.00
  • Manager Expense: $1,680.00
  • Electric Expense Source: Actual
  • Expense Year: 2022
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Actual
  • Janitor Expense: 0
  • Manager Expense Source: AC
  • Net Operating Income Year: 2023
  • Other Expense Source: Actual
  • Repairs-Decor Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 3175
  • Water Expense Source: Actual
  • Net Operating Income: $24,991.00
  • Operating Expense: $13,109.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $2,100.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
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 Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 2
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 3
Unit 6
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 8927 South Muskegon 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 8927 South Muskegon Avenue

Taxable ValueLand$3,475Additions$10,445Total$13,920
Tax Record2022$2,872 ($239 / month)
Home Facts
Baths2Total Finished SqFt1,334 SqFtAbove Grade Finished SqFt1,334 SqFtStories2Lot Size3,475 SqFtStyleMulti-Family Res (5+ Units)Year Built1890CountyCOOKAPN26-06-214-012

Schools near 8927 South Muskegon Avenue

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

Baker College Prep
Charter9 to 12

Bowen High School
Public9 to 12

LEARN South Chicago
CharterK to 8

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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8927 South Muskegon Avenue is a multi-family home for sale in Chicago, IL 60617. This property was listed for sale on April 19, 2024 by Compass, it's currently listed at $345,000. It has been on the market for a total of 14 days and was last sold on June 3, 2022. This listing's school district is City Of Chicago School District 299. Nearby schools include Mireles Elementary Academy, Baker College Prep and Bowen High School. 8927 South Muskegon Avenue is a 14-bed, 8-bath, multi-family home built in 1888.

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.

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 04/25/2024 12:07 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.