9335-37 S South Chicago Avenue Chicago, IL 60617

Building Details

Year Built

1886

Listing office Charles Rutenberg Realty of IL r***@sbcglobal.net Show Phone

Listing date Nov 26, 2024

Source Xome

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Investment Insights

Based on property information with market context.

This three-story, red brick, vintage Chicago apartment building contains six units. Constructed in 1886, the property features original red Chicago brick, stone trim capping, steel security doors, and an enclosed rear stairwell/porch. Each unit has a separate exterior door. The front and rear porches were rebuilt within the last six years. A grassy area in the rear yard provides space for tenant use. The property is located in an up-and-coming area of east Chicago, with proximity to the lakefront, South Shore, transportation options, a thriving industrial area, and the Loop. All units are leased, and tenants are responsible for utility payments, making this an attractive investment opportunity.

Key Highlights

• Vintage 6‑unit apartment building in an up‑and‑coming Chicago location, offering potential for appreciation.
• Attractive cap rate for investors, providing immediate income potential.
• Tenant‑paid utilities, reducing landlord expenses.

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FAQs

What type of property is this?

Apartment building - Vintage 6-unit apartment building in up-and-coming Chicago location.

Where is this apartment building located?

The property is located at 9335-37 S South Chicago Avenue Chicago, IL.

What is the asking price?

The asking price for this property is $668,000.

What are key features of this property?

This property features: Vintage 6‑unit apartment building in an up‑and‑coming Chicago location, offering potential for appreciation.; Attractive cap rate for investors, providing immediate income potential.; Tenant‑paid utilities, reducing landlord expenses.