6506-6508 S Ellis AVE, Chicago, IL 60637 – 12214684 - Sara Macak

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Sara Macak

saramacak1@gmail.com +1(630) 207-6658

$940,000

Est. payment - /mo

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UPDATED:

11/21/2024 03:24 PM

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12214684

Year Built 1930

Annual Tax Amount $25,832

Tax Year 2023

Lot Dimensions 50 X 125

Property Description

ASSESSOR HAS REDUCED ASSESSED VALUE BY APPROXIMATELY 32% FOR THE 2024 TAX YEAR! 6506-6508 S. Ellis Avenue is a rarely available, beautiful condo building with 6 individual condominiums being sold together as a package. Located just blocks from the prestigious University of Chicago and the construction site of the future Obama Presidential Library. All units are currently being rented out. Building underwent major renovation in approximately 2012 (Newer framing, newer copper plumbing, newer electrical in all units, individual furnaces and hot water heaters in each unit). Hardwood floors in 5 of the 6 units. There are four (4) 2 bedroom, 1 bath units (located on the second and third floors), and two (2) 4 bedroom, 3 bath units on the first floor that are condo units that UTILIZE THE FIRST FLOOR AND THE LOWER LEVEL! FLOOR PLANS AVAILABLE FROM LISTING AGENT! Each unit has in-unit laundry, a dishwasher, and one (1) parking space per unit in the rear of the building. Units also have their own furnaces and TENANTS responsible for their own heat and electric. Water is not individually metered. Gated access to the building. Fenced-in yard space in the rear. Tenants also have access to a newer balcony in the rear of each unit. Common areas also remodeled. Because this neighborhood is being sought-after, two single family homes directly across the street (6501 & 6503 S. Ellis Avenue) from this building have sold for $739,000!!! And more to come with New Construction being built all around! Much more value to add to this building by stabilizing rents to current market value! Owner is in the process of consolidating PINs. Higher Rents and Less Expenses will equal higher income!!! Email listing agent for any questions.

Location

State IL

County Cook

Area Chi - Woodlawn

Zoning MULTI

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Multi Family 5+

Level or Stories 3

Structure Type Brick

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Listed by John Rolla • HomeSmart Realty Group

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Sara Macak

Broker | License ID: 475.193648

+1(630) 207-6658