9157 South Loomis Street

Chicago, IL 60620

$777,000
Last Sold Price
17
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Great investment opportunity in the Brainerd Neighborhood. All six (6) condo quality units have been completely gut renovated including, building mechanicals and common areas. This building has five (5) 3br units and one (1) 2br unit. All units are spacious. The property is currently fully tenanted and has consistent cash flow month over month with an amazing tenant base. This is a true turn-key property that is unrivaled by anything else on the market. This building brings in over $8k in monthly...Great investment opportunity in the Brainerd Neighborhood. All six (6) condo quality units have been completely gut renovated including, building mechanicals and common areas. This building has five (5) 3br units and one (1) 2br unit. All units are spacious. The property is currently fully tenanted and has consistent cash flow month over month with an amazing tenant base. This is a true turn-key property that is unrivaled by anything else on the market. This building brings in over $8k in monthly income. This property is for serious long-term investors that understand the value in quality construction and asset stability. This large corner property is located blocks away from local shopping and public transportation. Property Highlights Include: Fully gut renovated large units, new building mechanicals throughout including framing, HVAC, insulation, electrical, roof, and masonry. New coin operated machines in laundry room in building. New plumbing throughout including water main and underground plumbing system. New vinyl windows/capping. New hardwood floors throughout. Sold with all new stainless-steel appliances. New 600-amp electrical service. Fully renovated common areas.
  1. Listed by Anthony Golob • Halsted Taylor Real Estate

Sold By Halsted Taylor Real Estate

Property Details for 9157 South Loomis Street

Area
CHI - Washington Heights
Township
Lake
Num Of Parking Spaces
6.0
Zoning
MULTI

Location

Add your commute
LISTING UPDATED: 05/18/2021 12:25 PM

Property Details for 9157 South Loomis Street

StatusClosed
MLS #10579104
Days on Market537
Taxes$5,493 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Garden Complex
Year Built1928
Lot Size0.18 AC / 7,623 SF
CountyCook County

Location

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Building Information for 9157 South Loomis Street

Stories-Residences6Year Built1928Building Size-Lot Size0.18 AC / 7,623 SF

Payment Calculator

$4,698 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,240

Property Taxes

$458

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 9157 South Loomis Street

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Information: List Broker Must Accompany,48-Hr Notice Required,No Sign on Property
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: None
  • Electric: 201-600 Amps
  • # Of Washers: 2
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Gas,Separate Per Unit
  • # Of Refrigerators: 6
  • Washer/Dryer Lsd: No
  • Misc Inside: Inside Corridor/s,Laundry Room
  • # Of Dryers: 2
  • Num of Baths: 0.0
Exterior Features
  • Misc Outside: Security Gate,Security Lighting,Storms and Screens (as exist)
Utilities / Equipment
  • Utilities: Water to Site
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat, Hot Water
  • Built Before 1978: Yes
  • Approximate Age: New Rehab
  • Multi-Family Type: Garden Complex
  • Lot Dimensions: 7623
  • Stories: 3
  • Exterior Building Type: Brick
  • Roof Type: Rubber
  • Fire Protection: Carbon Monoxide Detector(s)
  • Roof Structure: Pitched
  • Foundation Details: Concrete Perimeter
  • # Of Ranges: 6
Property and Assessments
  • Possible Use: Multi-Family
  • Buyer Financing: Conventional
  • Public Document Count: 0
  • Photos Count: 26
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Sidewalks,Cable Ready
  • Location: Corner,Public Transport Avail
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $100.00
  • Fuel Expense: $100.00
  • Gross Income: $7,946.00
  • Gross Scheduled Income: $97,152.00
  • Insurance Expense: $350.00
  • Maintenance Expense: $100.00
  • Electric Expense Source: Combination
  • Expense Year: 2018
  • Total Annual Expense Source: Combination
  • Fuel Expense Source: Combination
  • Insurance Expense Source: Combination
  • Janitor Expense: 100
  • Net Operating Income Year: 2018
  • Repairs-Decor Expense Source: Combination
  • Trash Expense Source: Combination
  • Total Monthly Income: 8096
  • Water Expense Source: Combination
  • Net Operating Income: $65,592.00
  • Operating Expense: $31,560.00
  • Other Expense: $.00
  • Trash Expense: $215.00
  • Water Sewer Expense: $250.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 5
  • # Of Rooms - Unit 1: 6
  • # Of Full Bthrms - Type 1: 1
  • Monthly Income - 1: 1331
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
  • # Of Rooms - Unit 2: 5
  • # Of Full Bthrms - Type 2: 1
  • Monthly Income - 2: 1150
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
  • # Of Rooms - Unit 3: 0
  • Monthly Income - 3: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
  • # Of Rooms - Unit 4: 0
  • Monthly Income - 4: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
  • # Of Rooms - Unit 5: 0
  • Monthly Income - 5: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
  • Monthly Income - 6: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0
  • # Of Rooms - Unit 7: 0
  • Monthly Income - 7: 0

Property History for 9157 South Loomis Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 9157 South Loomis Street

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
Charter - 3 to 12
Rating
School
Distance
Fort Dearborn Elementary School
PublicPK to 8

Corliss High School
Public9 to 12

Bridgescape Academy Brainerd
Public9 to 12

CICS Longwood
Charter3 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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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 Halsted Taylor Real Estate

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 05/18/2021 12:25 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.