Brick Greystone Multifamily
1607 S Sawyer Avenue Chicago, IL 60623
For Sale
Under Contract
$355,000
MULTI_FAMILY - Chicago, IL
Days on Market103
Property Features for 1607 S Sawyer Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MULTI
- Bedrooms
- 9
- Bathrooms
- 3
- Rooms
- Kitchen, Bathroom 1, Bedroom 7, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 9, Bathroom 3, Bedroom 1, Bedroom 6, Bedroom 8, Bedroom 2, Basement, Bedroom 5
- Basement
- Finished, Full
- Standard status
- Active Under Contract
- APN
- 16234070020000
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 1905
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Building materials
- Brick
- Roof type
- Rubber
Listing Agency:
Hometown Real Estate Group
(773) 625-1121
Listed By:
Barbara Kieca · License #475153778
(773) 625-1121
Added: Apr 12
Changed: Jul 13
Last Checked: Jul 23 at 4:06PM
MLS# 12617108
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Investment Insights
Based on property information with market context.
This offering includes two Greystone-style multifamily buildings at 1607 S. Sawyer Avenue and 1609 S. Sawyer Avenue. Combined, the buildings feature a total of 18 bedrooms and 6 baths, with over 1,500+ sq. ft. of living space or storage across the properties. Each unit is described as having its own dedicated HVAC, water heater, and electrical panels in a condo-style configuration.
The seller notes the buildings are fully tenant occupied, with rents currently below market value. The listing price is stated as applying only to 1607 S. Sawyer Avenue, and the new owner of 1607 has an option to purchase an adjusted double lot on 16th Street at fair market value, subject to confirmation with the City of Chicago.
The seller indicates each building may be purchased individually, though they prefer a package deal for both buildings and mention a quick closing is preferred. Offers are to be considered subject to existing tenants.
The seller notes the buildings are fully tenant occupied, with rents currently below market value. The listing price is stated as applying only to 1607 S. Sawyer Avenue, and the new owner of 1607 has an option to purchase an adjusted double lot on 16th Street at fair market value, subject to confirmation with the City of Chicago.
The seller indicates each building may be purchased individually, though they prefer a package deal for both buildings and mention a quick closing is preferred. Offers are to be considered subject to existing tenants.
Key Highlights
- 1607 S. Sawyer priced for 1607 only; 1607 & 1609 Sawyer together total 18 bedrooms and 6 baths.
- Brick buildings with over 1,500+ sq ft of living space or storage (as described).
- Fully tenant occupied; rents currently below market value with potential to adjust after light cosmetic rehab (per remarks).
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
FAQs
What type of property is this?
Multifamily property - Two Greystone multifamily buildings offer 18 bedrooms and six baths, with dedicated unit HVAC, water heaters, and electrical panels.
Where is this multifamily property located?
The property is located at 1607 S Sawyer Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: 1607 S. Sawyer priced for 1607 only; 1607 & 1609 Sawyer together total 18 bedrooms and 6 baths.; Brick buildings with over 1,500+ sq ft of living space or storage (as described).; Fully tenant occupied; rents currently below market value with potential to adjust after light cosmetic rehab (per remarks).