Aaron Sklar
This listing was posted on RealtyWW.
$875,000
Home For Sale In Chicago, Illinois
Price:
$875,000
BR/BA:
2 BR, 2 BA
Location:
1656 E 83rd Pl, Chicago, IL
Description:
1656 E. 83rd Pl is a pristine and meticulously maintained nine (9) unit building located in the Avalon Park neighborhood of South Chicago. The building is situated on a premier tree-lined street and nestled amongst an abundance of single-family residential homes and just blocks away from both the highway an abundance of retail and grocery options along 83rd Street. Furthermore, the building sits just five (5) blocks from Avalon Park, featuring playground, pools, along with an outdoor fieldhouse with basketball courts. 1656 E. 83rd Pl is currently comprised of nine (9) total units. The building is comprised of four (4) 2bd/1ba units and five (5) 1bd/1ba units. All of which, however, are incredibly spacious, feature hardwood flooring throughout, and contain both living and dining rooms. Moreover, all of the units have been renovated with updated kitchens and baths, and all of the units are equipped with individual furnaces, as well. Additional updates to the building include, but not limited to: a newer roof, updated copper plumbing, an updated exterior porch system, along with individual furnaces. 1656 E. 83rd Pl presents an investor with the unique opportunity to acquire a positive cash flowing asset in one Chicago's premier South Chicago neighborhoods. Additionally, given the majority of the tenants are long term, there's significant room to increase rents to current market rates. Should a new investor elect to stabilize the rent roll at current rental rates, there's an opportunity to achieve a near double digit cap rate.For more details: https://realtyww.info/homes_chicago-d523258/for-sale_i70922770
Property Type:
Single-Family Houses
Amenities:
Basketball, Patio/Deck, Playground, Wood Floors
Posted:
April 21 on RealtyWW
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More About this Listing: Home For Sale In Chicago, Illinois
Home For Sale In Chicago, Illinois is a Two Bedroom Two Bath Single-Family Homes for Sale at 1656 E 83rd Pl in Chicago IL. Find other listings like Home For Sale In Chicago, Illinois and listings near 1656 E 83rd Pl by searching Oodle Classifieds for Two Bedroom Two Bath Single-Family Homes for Sale in Chicago IL.
Home For Sale In Chicago, Illinois is a Two Bedroom Two Bath Single-Family Homes for Sale at 1656 E 83rd Pl in Chicago IL. Find other listings like Home For Sale In Chicago, Illinois and listings near 1656 E 83rd Pl by searching Oodle Classifieds for Two Bedroom Two Bath Single-Family Homes for Sale in Chicago IL.