$475,000 $2,550 est/mo Sourced by Back At You

153 E 110th Street,Chicago, IL 60628

Chicago IL, 60628

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Description

153 E. 110th St is a five (5) unit walk-up located in Chicago's historic Pullman neighborhood. The building sits on the corner of a quiet, tree-lined street across from the premier Gwendolyn Brooks College Preparatory campus and one (1) block north of Palmer Park, which features sporting facilities, a fitness center, and an outdoor swimming pool. 153 E 110th St is comprised of four (4) 1bd/1ba units and one (1) 2bd/1ba garden apartment. Each unit features luxury vinyl plank flooring and a spacious floorplan with an oversized living room and electric baseboard heating. Recent improvements to the building include, but are not limited to, copper plumbing, updated electric, and an abundance of masonry and tuckpointing work. The building also features five (5) possible income-producing parking spaces. 153 E. 110th St presents an investor with a unique opportunity to acquire an incredibly strong, positive cash cash-flowing asset with an in-place cap rate of 9.24%. Solely through bringing all units up to market rate, a new owner could achieve a cap rate over 9.5% and a cash return of 15.33%.

Details

MLS#11971284
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1960
Days On Site119
Listing Provided ByKiser Group Realty Inc | Aaron Sklar

Features

Story(s)3
Units5

Market Activity 60628

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Listings Checked: 4 minutes ago
StateIL
CountyCook
CityChicago
Zip Code60628
AreaCHI Roseland
Listing VS Median (in 60628)
Price:
$475,000
low | high
Med:
$175,000
100% of Average
On Site:
119
low | high
Med:
78.000000
100% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 8:13:58 PM PDT