1537-39 West 82nd Street

Chicago, IL 60620

$595,000
Price
18
Beds
7
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Don't miss out on this CASH COW INCOME PROPERTY in Chicago's Auburn Gresham neighborhood! Spacious layouts, solid tenants and income, and a building that has been meticulously maintained by the current owner. Walk right into an 11.4 cap rate and a ton of room for growth, with value-add opportunities and below-market rents! This classic Chicago brick multi-family consists of a mix of three 3 bed/1 bath units, three 2 bed/1 bath units, and one non-conforming 3 bed/1 bath garden unit. Add some extra...Don't miss out on this CASH COW INCOME PROPERTY in Chicago's Auburn Gresham neighborhood! Spacious layouts, solid tenants and income, and a building that has been meticulously maintained by the current owner. Walk right into an 11.4 cap rate and a ton of room for growth, with value-add opportunities and below-market rents! This classic Chicago brick multi-family consists of a mix of three 3 bed/1 bath units, three 2 bed/1 bath units, and one non-conforming 3 bed/1 bath garden unit. Add some extra income with coin laundry in the basement and 3 detached garage parking spots. Recent updates include a brand new security system, new appliances for all units within last 2 years, 2 new water heaters, the building was sealed/tuckpointed in 2024, and new hallway carpeting and flooring was just installed. Roof is estimated to be about 7 years old, and all furnaces are about 8 years old. Make sure to take advantage, you just don't see investment opportunities like this every day!
  1. Listed by Danielle Dowell • Berkshire Hathaway HomeServices Chicago
  2. Listed by Tom Casey • Berkshire Hathaway HomeServices Chicago

Property Details for 1537-39 West 82nd Street

Area
CHI - Auburn Gresham
Township
Stickney
LISTING UPDATED: 12/16/2024 09:28 AM

Property Details for 1537-39 West 82nd Street

StatusContingent
MLS #12216296
Days on Market11
Taxes$6,540 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1915
Lot Size0.12 AC / 5,375 SF
CountyCook County

Building Information for 1537-39 West 82nd Street

Stories3Residences6Year Built1915Building Size-Lot Size0.12 AC / 5,375 SF

Property Information for 1537-39 West 82nd Street

General Information
Addtl Parking Information
  • Indoor Parking: 1-5 Spaces,Detached
Location and General Information
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • # Of Washers: 2
  • Basement Description: Finished
  • Heat/Ventilation: Forced Air,Gas
  • Misc Inside: Storage Inside,Laundry Room
  • # Of Dryers: 2
  • Num of Baths: 7.0
Exterior Features
  • Building Unit Info: Security System,Storage/Locker Area
Property/Lot Information
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: 43X125
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Foundation Details: Concrete Perimeter
Property and Assessments
  • Public Document Count: 2
  • Document Date: 2024-12-05T23:05:33
  • Photos Count: 27
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: $3,445.00
  • Fuel Expense: $.00
  • Gross Income: $86,450.00
  • Gross Scheduled Income: $92,000.00
  • Insurance Expense: $5,130.00
  • Maintenance Expense: $1,200.00
  • Electric Expense Source: Actual
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 1170
  • Other Expense Source: Actual
  • Repairs-Decor Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 7666
  • Water Expense Source: Actual
  • Net Operating Income: $68,000.00
  • Operating Expense: $24,000.00
  • Other Expense: $1,230.00
  • Trash Expense: $2,793.00
  • Water Sewer Expense: $2,700.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 3
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 3
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
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 1537-39 West 82nd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 1537-39 West 82nd Street

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - K to 8
Charter - 9 to 12
Rating
School
Distance
Cook Elementary School
PublicPK to 8

Hirsch Metropolitan High School
Public9 to 12

LEARN Chtr - Hunter Perkins Camp
CharterK to 8

CICS Ralph Ellison
Charter9 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.

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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 Berkshire Hathaway HomeServices Chicago

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 12/16/2024 09:28 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.