Restricted Address

1837 S Canalport Ave Chicago, IL 60616

$3,250,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Beautifully Finished High Quality 6 unit Building in River's Edge(Southwest Loop) along East Pilsen. This pocket of Chicago is just over the bridge from the "already developed" South Loop. The 6 Top End Units Are rented for a Gross Income over $23,000 a month has this one hovering a 7 cap. Buy and collect the cashflow as you watch the surrounding development bloom in this hot pocket. Appreciation is predictable here with over 350 units within 6 blocks passed through Chicago Plan Commission and/or...

Property Details for Restricted Address

Area
CHI - Lower West Side
City
Chicago

Property Details for Restricted Address

StatusActive
MLS #10768541
Days on Market148
Taxes$28,000 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built2020
Lot Size0.05 AC / 2,178 SF
CountyCook County

Building

1837 S Canalport Ave

6 Units3 StoriesBuilt in 2020

Listing Agent

Phillip Buoscio

Better Living Realty

myrealtorphil@gmail.com

P: (312) 953-6725

M: (312) 953-6725x

Contact Agent(s)

Location

Listing Courtesy of Better Living Realty

Building Information for Restricted Address

Stories3Residences6Year Built2020Building Size-Lot Size0.05 AC / 2,178 SF

Payment Calculator

$13,225 per month

30 year fixed, 2.95% Interest

Principal and Interest

$10,892

Property Taxes

$2,333

HOA Dues

$0

Similar Homes

Property Information for Restricted Address

Property/Lot Information
    Virtual Tour/Additional Media
  • Virtual Tour YN: false
    General Information
  • Property Type: Multi Family 5+
  • Multi-Family Type: Corridor-Interior Entrance, Condo/Townhouse
  • Street Number Numeric: 1837
  • Street Direction Prefix: South
  • Street Name: Canalport
    Parking Information
  • Outdoor Parking: 6-12 Spaces
    Structure Information
  • Exterior Building Type: Brick
  • Num Of Units: 6
  • Approx Total Bldg Sq Ft: 14400
  • Year Built Numeric: 2020
  • Approximate Age: New Construction
  • Built Before 1978: No
  • Fire Protection: Fire Extinguisher/s, Carbon Monoxide Detector(s)
  • Lot Sq Ft: 7200
  • Roof Coverings: Membrane
  • Roof Structure: Flat
    Location Information
  • Directions: South Loop - Take State street to 18th go west to canalport (at canal) and go a block. From 90-94 get off at 18th and go 1 block west and south on Jefferson to Canalport - at corner.
  • Township: Hyde Park
    Lot Information
  • Acreage: 0
  • Foundation: Concrete
  • Lot Dimensions: 72 X 100
Lot/Land Information
    Lot/Land Information
  • Construction: Brick
  • Current Use: Residential-Multi-Family
  • Frontage Access: City Street, Frontage Road
  • Land Amenities: Curbs and Gutters, Lighting/Exterior, Security Entrance, Sidewalks, Cable Ready
  • Location: Central Business District, Public Transport Avail, Empowerment Zone, Enterprise Zone
  • Ownership Type: Corporation
  • Potential Use: Condominium, Residential-Multi-Family
  • Seller Needs: Cash, Debt Relief
  • Seller Will: Add Existing Paper
  • Tenant Pays: Air Conditioning, Electric, Heat, Hot Water
  • Utilities To Site: Sanitary Sewer to Site, Sewer-Storm Available, Water-Community, Water to Site
Multi-Unit 2-4 Information
    Unit 1 Information
  • Num Of Bdrms: 3
  • Num Of Full Bthrms: 2
  • Num Of Rooms: 7
  • Num Of Units: 2
  • Monthly Income: 3250
  • Monthly Income Max: $3,500
    Unit 2 Information
  • Num Of Bdrms: 3
  • Num Of Full Bthrms: 2
  • Num Of Rooms: 9
  • Num Of Units: 4
  • Monthly Income: 4200
  • Monthly Income Max: $4,500
    Unit 3 Information
  • Num Of Bdrms: 0
  • Num Of Rooms: 0
  • Num Of Units: 0
  • Monthly Income: 0
    Unit 4 Information
  • Num Of Bdrms: 0
  • Num Of Rooms: 0
  • Num Of Units: 0
  • Monthly Income: 0
Multi-Unit 5+ Information
    Building Features
  • Num Of Dishwashers: 6
  • Num Of Disposals: 6
  • Num Of Dryers: 6
  • Num Of Fireplaces: 0
  • Num Of Ranges: 6
  • Num Of Refrigs: 6
  • Num Of Washers: 6
  • Num Of Window/AC: 0
  • Electrical Service: Over 600 Amps
  • Green Features: Low flow commode, Low flow fixtures
  • Heat Ventilation: Central Heat/Indiv Controls, Forced Air, Gas
  • Misc Inside: Inside Corridor/s
  • Misc Outside: Balcony/ies, Enclosed Stairs, Fire Escape, Security Gate, Security Lighting, Security System, Storms and Screens (as exist), Sun Deck
  • Washer/Dryer Leased: Yes
    Unit 5 Information
  • Num Of Bdrms: 0
  • Num Of Rooms: 0
  • Num Of Units: 0
  • Monthly Income: 0
    Unit 6 Information
  • Num Of Bdrms: 0
  • Num Of Rooms: 0
  • Num Of Units: 0
  • Monthly Income: 0
    Unit 7 Information
  • Num Of Bdrms: 0
  • Num Of Rooms: 0
  • Num Of Units: 0
  • Monthly Income: 0
    Income / Expense Information
  • Cap Rate Percent: 7
  • Electricity Expense: 50
  • Fuel Expense: 0
  • Gross Rent Multiplier: 12
  • Gross Rental Income: 280800
  • Insurance Expense Source: Broker Projection
  • Janitor Expense Source: Broker Projection
  • Manager Expense: 2400
  • Net Operating Income: 235000
  • Net Operating Income Year: 2020
  • Other Expenses: 0
  • Repairs Decor Expense: 400
  • Repairs Decor Expense Source: Broker Projection
  • Scavenger Expense: 1500
  • Scavenger Expense Source: Broker Projection
  • Total Annual Expenses: 42000
  • Total Annual Income: 280800
  • Total Monthly Income: 23400
  • Water Expense: 3000
  • Water Expense Source: Broker Projection

Property History for 1837 S Canalport Ave

DateEvent & SourcePriceAppreciation
Jul 2, 2020

Listed (Active)

MRED #10768541

$3,250,000
DateEvent & SourcePrice
07/02/2020

Listed (Active)

MRED #10768541

$3,250,000

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

Public Records for Restricted Address

Taxable ValueLand$2,520Additions-Total$2,520
Tax Record2018$497 ($41 / month)
Home Facts
Beds0Lot Size2,335 SqFtStyleMiscellaneous Vacant LandCountyCOOKAPN17213240060000

Schools near Restricted Address


SchoolTypeGradesDistanceRating
Jane Addams High SchoolPrivate9-120.2 mi
NR
Urban PrairiePrivate1-30.3 mi
NR
Walsh Elementary SchoolPublicPK-80.4 mi
3
St Therese SchoolPrivatePK-80.6 mi
NR

Jane Addams High School

9-12, 0.2 mi, Private

NR

Urban Prairie

1-3, 0.3 mi, Private

NR

Walsh Elementary School

PK-8, 0.4 mi, Public

3

St Therese School

PK-8, 0.6 mi, Private

NR

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 Sold Homes

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

Restricted Address is a multi-family home for sale in Chicago, IL 60616. This property was listed for sale on July 2, 2020 by Better Living Realty at $3,250,000. This listing's school district is City Of Chicago School District 299. Nearby schools include Jackson A Elementary Language Academy, Vaughn Occupational High School and St Therese School. Restricted Address is a 0-bed, 0-bath, multi-family home built in 2020. This address can also be written as 1837 S Canalport Ave.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Better Living Realty

The information provided by Midwest Real Estate Data LLC ("MRED") is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by MRED and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. © MRED All Rights Reserved.