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Commercial > Multi-family / Apartments
Active
04/19/2024
List Price
$345,000$110/ft²

8927 Muskegon Ave
Chicago, IL 60617

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  • 8927 Muskegon Ave, Chicago, IL 60617 is a 8 bed, 2 bath, 3,132 ft² multi-family/apartments property built in 1888 on a 0.070 acre lot with 1 construction permit. This multi-family/apartments is currently for sale for $345,000, and it was last sold in 2022 for $369,000.

    MLS Description

    The listing agent's description. Original Listing

    ((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 Agents

    The listing agent for 8927 Muskegon Ave is David Mishel.

    Permits

    8927 Muskegon Ave has 1 permit records of total value of $25,000.

    Permit History
    1
    Permits
    $25,000
    Total Permit Value
    October 4, 2018
    Description: Replace 3 existing open wood porches and 1 enclosed porch repair same as existingJob Value: $25,000Status: issuedType: Renovation/alterationBusiness Name: Chicago Permit Services; Mayra Estrada; Virmani Harish CApplicant: Eric AlcantarFees: $677Effective Date: 2018-10-04Permit Number: 100783935

    Current Ownership

    Information about the current owner(s).

    Property History

    8927 Muskegon Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

    Environmental factors around 8927 Muskegon Ave

    School Information

    Public/private schools serving 8927 Muskegon Ave

    Neighborhood

    This property is located in South Chicago, Chicago, IL 60617.

    Market Trends

    Historical market data near 8927 Muskegon Ave over selected time period.

    Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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