10507 South Forest Avenue

Chicago, IL 60628

$335,000
Price
3
Beds
6
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Calling all investors! Come take a look at this 6-unit building which has 5 units that have been renovated in the past few years and it's not only a great buy but you will IMMEDIATELY begin seeing your investment. The tuck pointing & roof were done less than 10 years ago! A hot water tank that holds up to 75 gallons is also less than 10 years old! The main water line was replaced in 2023! The property is in a great location, close to everything. 12 HOURS NOTICE TO VIEW 2 UNITS FIRST! See Agent remarks...Calling all investors! Come take a look at this 6-unit building which has 5 units that have been renovated in the past few years and it's not only a great buy but you will IMMEDIATELY begin seeing your investment. The tuck pointing & roof were done less than 10 years ago! A hot water tank that holds up to 75 gallons is also less than 10 years old! The main water line was replaced in 2023! The property is in a great location, close to everything. 12 HOURS NOTICE TO VIEW 2 UNITS FIRST! See Agent remarks for more showing instructions. Sold As-Is, no survey & taxes pro-rated at 100.
  1. Listed by Veronica Cepeda • Redfin Corporation

Property Details for 10507 South Forest Avenue

Area
CHI - Roseland
Township
Hyde Park
Num of Interior Fireplaces
0
Zoning
MULTI
LISTING UPDATED: 10/31/2024 12:06 AM

Property Details for 10507 South Forest Avenue

StatusActive
MLS #12192753
Days on Market22
Taxes$3,173 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Exterior Entrance
Year Built1918
Lot Size0.14 AC / 6,250 SF
CountyCook County

Building Information for 10507 South Forest Avenue

Stories3Residences6Year Built1918Building Size-Lot Size0.14 AC / 6,250 SF

Property Information for 10507 South Forest Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces
Location and General Information
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: None
  • Electric: Circuit Breakers
  • # Of Washers: 0
  • Basement Description: Unfinished, Concrete Block
  • Heat/Ventilation: Central Bldg Heat
  • # Of Window/Ac: 0
  • # Of Refrigerators: 5
  • Washer/Dryer Lsd: No
  • # Of Dryers: 0
  • # Of Disposals: 0
  • # Of Dishwashers: 0
  • Num of Baths: 6.0
Exterior Features
  • Misc Outside: Enclosed Stairs
Property/Lot Information
  • Owners Association: No
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Exterior Entrance
  • Lot Dimensions: 50 X 125
  • Lot Size Square Feet: 6250.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Fire Protection: Fire Extinguisher/s
  • Roof Structure: Flat
  • Foundation Details: Block, Brick/Mortar
  • Building Area Total: 4527
  • Lot Size Source: County Records
  • # Of Ranges: 6
  • Conversion: N
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Multi-Family
  • Buyer Financing: Conventional, Cash, Other
  • Documents Available: Rent Roll
  • Public Document Count: 3
  • Document Date: 2024-10-24T20:58:32
  • Photos Count: 36
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Lighting/Exterior,Sidewalks
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $360.00
  • Fuel Expense: $6,000.00
  • Gross Income: $55,272.00
  • Gross Scheduled Income: $41,060.00
  • Insurance Expense: $3,500.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Owner Projection
  • Known Encumbrances: None Known
  • Expense Year: 2023
  • Total Annual Expense Source: Owner Projection
  • Fuel Expense Source: Broker Projection
  • Insurance Expense Source: Owner Projection
  • Janitor Expense: 0
  • Other Expense Source: Broker Projection
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 4201
  • Water Expense Source: Owner Projection
  • Net Operating Income: $41,060.00
  • Operating Expense: $14,212.00
  • Other Expense: $960.00
  • Trash Expense: $1,320.00
  • Water Sewer Expense: $2,400.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 3
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 3
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
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 10507 South Forest Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 10507 South Forest Avenue

Taxable ValueLand$8,125Additions$6,875Total$15,000
Tax Record2022$3,094 ($258 / month)
Home Facts
Baths6Total Finished SqFt4,527 SqFtAbove Grade Finished SqFt4,527 SqFtStories3Lot Size6,250 SqFtStyleMulti-Family Res (5+ Units)Year Built1923CountyCOOKAPN25-15-124-047

Schools near 10507 South Forest Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - K to 7
Public - 7 to 12
Rating
School
Distance
Cullen Elementary School
PublicK to 8

Corliss High School
Public9 to 12

Poe Elementary Classical School
PublicK to 7

Brooks College Prep Academy High School
Public7 to 12

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.

Similar Homes

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Similar Sold Homes

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10507 South Forest Avenue is a multi-family home for sale in Chicago, IL 60628. This property was listed for sale on October 25, 2024 by Redfin Corporation, it's currently listed at $335,000. It has been on the market for a total of 22 days and was last sold on March 15, 2019. This listing's school district is Chicago Public Schools. Nearby schools include Cullen Elementary School, Corliss High School and Poe Elementary Classical School. 10507 South Forest Avenue is a 3-bed, 6-bath, multi-family home built in 1918.

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 Redfin Corporation

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 10/31/2024 12:06 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.