10313-17 South Hale Avenue

Chicago, IL 60643

$2,000,000
Price
50
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Excellent investment and redevelopment opportunity! This three-story, masonry constructed, 23-unit, multi-family property is in the Beverly neighborhood directly across from the 103rd Street Metra Train Station. It features an attractive mix of 19 two-bedroom one-bathroom units, 3 three-bedroom and 1.5-bathroom units and 1 three-bedroom and two-bathroom unit. All units are centrally heated via a radiant boiler system. The cost of heating the units is the responsibility of the landlord. The units...Excellent investment and redevelopment opportunity! This three-story, masonry constructed, 23-unit, multi-family property is in the Beverly neighborhood directly across from the 103rd Street Metra Train Station. It features an attractive mix of 19 two-bedroom one-bathroom units, 3 three-bedroom and 1.5-bathroom units and 1 three-bedroom and two-bathroom unit. All units are centrally heated via a radiant boiler system. The cost of heating the units is the responsibility of the landlord. The units are cooled via sleeve air conditioning units. The cost of electricity is paid by the tenant. The building includes a common area laundry and features an exterior parking lot with 30 spaces. This is a value-add opportunity. There are 13 vacant units, of these at least five units are in poor condition and need complete renovation. In addition, the remaining vacant units and the occupied units present opportunities to refresh those units and command market rents which are estimated to be higher than current rents.
  1. Listed by William Bates Jr • EXIT Strategy Realty

Property Details for 10313-17 South Hale Avenue

Area
CHI - Beverly
Zoning
MULTI
LISTING UPDATED: 02/14/2025 11:43 AM

Property Details for 10313-17 South Hale Avenue

StatusActive
MLS #12183975
Days on Market30
Taxes$47,740 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built1970
Lot Size0.46 AC / 19,907 SF
CountyCook County

Building Information for 10313-17 South Hale Avenue

Stories3Residences23Year Built1970Building Size-Lot Size0.46 AC / 19,907 SF

Property Information for 10313-17 South Hale Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 19-30 Spaces
Location and General Information
  • Information: 24-Hr Notice Required,List Broker Must Accompany,No Sign on Property,Court Approval Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Wall Sleeve
  • # Of Washers: 3
  • Heat/Ventilation: Central Bldg Heat
  • # Of Window/Ac: 20
  • # Of Refrigerators: 10
  • Washer/Dryer Lsd: No
  • # Of Dryers: 3
  • Num of Baths: 24.3
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Interior Entrance
  • Lot Size Source: Appraiser
  • Lot Dimensions: 19907
  • Lot Size Square Feet: 19907.0
  • Stories: 3
  • Construction: Brick
  • Building Area Total: 26400
  • # Of Ranges: 10
Property and Assessments
  • Possible Use: Multi-Family
  • Public Document Count: 0
  • Photos Count: 10
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 23
Income & Expenses
  • Electric Expense: $3,200.00
  • Fuel Expense: $21,475.00
  • Gross Income: $303,000.00
  • Gross Scheduled Income: $155,400.00
  • Insurance Expense: $28,000.00
  • Maintenance Expense: $8,200.00
  • Electric Expense Source: Owner Projection
  • Expense Year: 2024
  • Total Annual Expense Source: Combination
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Janitor Expense: 0
  • Other Expense Source: Broker Projection
  • Repairs-Decor Expense Source: Owner Projection
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 25250
  • Water Expense Source: Owner Projection
  • Net Operating Income: $28,295.00
  • Operating Expense: $127,105.00
  • Other Expense: $.00
  • Trash Expense: $6,600.00
  • Water Sewer Expense: $11,890.00
Unit 1
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 3
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 19
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 10313-17 South Hale Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 10313-17 South Hale Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 7 to 12
Public - K to 8
Charter - K to 2
Rating
School
Distance
Morgan Park High School
Public7 to 12

Vanderpoel Elementary Magnet School
PublicK to 8

CICS Loomis
CharterK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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10313-17 South Hale Avenue is a multi-family home for sale in Chicago, IL 60643. This property was listed for sale on January 22, 2025 by EXIT Strategy Realty, it's currently listed at $2,000,000. This listing's school district is Chicago Public Schools. Nearby schools include Barnard Elementary Comp Math & Science Center, Morgan Park High School and Vanderpoel Elementary Magnet School. 10313-17 South Hale Avenue is a 50-bed, 25.5-bath, multi-family home built in 1970.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXIT Strategy Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 02/14/2025 11:43 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.