6837 East End Ave Chicago, IL 60649
- Apartment buildings
- 7,734 SF
Current Use by Public Records
- Apartment buildings
Property Details for 6837 East End Ave
- Year built
- 1931
- Property size
- 7,734 SF
- Property type
- Apartment buildings
Description
This multifamily investment opportunity presents a unique chance to acquire a six-unit apartment building located at 6837-6839 S East End Ave, Chicago, IL 60649. The property, built in 1931, comprises two three-story buildings totaling 7,734 square feet on a 7,500 square foot lot (APN: 20243100090000). The property features five 3-bedroom, 1.5-bathroom units, each approximately 1300 square feet, and a 5-car garage. Currently, one unit is occupied. The property is being sold "as-is," with notable aspects to consider. A recent fire caused damage to the third floor, requiring a complete gut rehabilitation. Water damage to the second floor resulted from the fire. A new roof is scheduled for installation within six weeks. Despite these repairs needed, the property boasts a prime location near the Obama Presidential Center, Jackson Park, the lakefront, a golf course, and convenient access to Metra and CTA public transportation. The asking price is $499,900, offering significant potential for the right investor given the property's location and the potential for increased rental income after renovations. The proximity to the Obama Presidential Center, a multi-million dollar development, further enhances the long-term investment prospects.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.5838
- Latitude
- 41.7703
