Chicago, IL 60636,6702 S Wood ST
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Chicago, IL 60636,6702 S Wood ST
Chicago, IL 60636,6702 S Wood ST
Chicago, IL 60636,6702 S Wood ST
Chicago, IL 60636,6702 S Wood ST
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Active Under Contract

6702 S Wood ST Chicago, IL 60636

6,098 Sqft Lot


UPDATED:

09/19/2024 07:17 PM

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12149961

Maintenance Fees $6,600

Year Built 1920

Annual Tax Amount $10,120

Tax Year 2023

Lot Size 6,098 Sqft

Lot Dimensions 6250

Property Description

Motivate Seller says, "let investors weigh in"! Introducing a rare, value-add 8 unit, corner red brick building ALONG WITH a stable tenant base. This building is on the market for the first time in over 35 years and one of the very few multi-units for sale in West Englewood. Excellent cash flow (stabilized at over $90K/year) could be even better with a few improvements. Furnaces in each apartment, so tenants responsible for heating bills. Units are in average condition and could be upgraded as they turn over to attract higher paying market rate or vouchered tenants to maximize income. Located between Ashland and Damen close to transportation. New owner could convert up to seven apartments to 2 bedroom units by utilizing the dining rooms as the second bedrooms. One unit has already been converted in that way. Priced at a fully-loaded 9.9 cap at asking.

Location

State IL

County Cook

Area Chi - West Englewood

Zoning MULTI

Interior

Cooling Window Unit(s)

Fireplace N

Building

Dwelling Type Multi Family 5+

Level or Stories 2

Structure Type Brick


Midwest Real Estate Data (MRED) IDX
Listed by David Urbaniak • @properties Commercial

Nia Sawyer

Agent | License ID: SL3581710

+1(773) 459-0982

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6702 S Wood ST