400 East 69th Street

Chicago, IL 60637

$499,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Excellent investment opportunity in the Greater Grand Crossing / Park Manor area. Mixed Residential and Commercial building consisting of 3 Commercial spaces and 7 residential units. The residential unit mix is (2) 3 bedroom units and (5) 2 bedroom units. The commercial unit mix is currently an occupied church, occupied restaurant and an occupied not for profit organization. The church has been there for 5 years and is considered a building hub and staple to the community. There are 6 residential...Excellent investment opportunity in the Greater Grand Crossing / Park Manor area. Mixed Residential and Commercial building consisting of 3 Commercial spaces and 7 residential units. The residential unit mix is (2) 3 bedroom units and (5) 2 bedroom units. The commercial unit mix is currently an occupied church, occupied restaurant and an occupied not for profit organization. The church has been there for 5 years and is considered a building hub and staple to the community. There are 6 residential units fully occupied and 1 unit recently renovated and soon to be occupied. There are individual furnaces (7 yrs old), water heaters and electrical panels for all commercial and residential units and 3 AC units for the commercial spaces. The roof was re-coated 3 years ago and the porches and electrical were upgraded to City of Chicago building code 3 years ago The building has 3 separate PIN numbers and is currently cash flowing with potential growth. There is an 18,070 square foot lot adjacent to the building that can be negotiated and included in this deal. Awesome investment for the seasoned investor looking to grow their portfolio.
  1. Listed by David Johnson • eXp Realty, LLC

Property Details for 400 East 69th Street

Area
CHI - Greater Grand Crossing
Township
Hyde Park
LISTING UPDATED: 10/14/2024 12:07 AM

Property Details for 400 East 69th Street

StatusActive
MLS #12183675
Days on Market44
Taxes$16,049 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1907
Lot Size0.32 AC / 13,810 SF
CountyCook County

Building Information for 400 East 69th Street

Stories2Residences10Year Built1907Lot Size0.32 AC / 13,810 SF

Property Information for 400 East 69th Street

General Information
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Chicago South
  • Information: List Broker Must Accompany,48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers, Separate Meters
  • Heat/Ventilation: Forced Air,Gas
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 7
Utilities / Equipment
  • Utilities: Electric to Site, Gas to Site, Sanitary Sewer, Water-Municipal, Water to Site
Property/Lot Information
  • Owners Association: No
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 0.317
  • Lot Size Square Feet: 13810.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Concrete
  • Fire Protection: Fire Extinguisher/s,Other,Carbon Monoxide Detector(s)
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 10508
  • # Of Offices: 0
  • # Of Stores: 3
  • Property Sub Type: Apts/Ofc/Store, Apts/Ofc, Apts/Stores
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Commercial, Multi-Family, Special Use, Other
  • Buyer Financing: Conventional, Cash
  • Public Document Count: 1
  • Document Date: 2024-10-09T01:11:11
  • Photos Count: 36
Miscellaneous
  • Current Use: Commercial
  • Location: Corner,Mixed Use Area,In City Limits,High Traffic Area
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 10
Income & Expenses
  • Electric Expense: $661.00
  • Fuel Expense: $1,475.00
  • Gross Income: $123,000.00
  • Gross Scheduled Income: $123,000.00
  • Insurance Expense: $5,500.00
  • Electric Expense Source: Actual
  • Expense Year: 2023
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 10250
  • Water Expense Source: Actual
  • Net Operating Income: $107,332.00
  • Operating Expense: $15,668.00
  • Other Expense: $.00
  • Trash Expense: $3,600.00
  • Water Sewer Expense: $4,432.00

Property History for 400 East 69th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 400 East 69th Street

Taxable ValueLand$13,284Additions$76,042Total$89,326
Tax Record2022$18,373 ($1,531 / month)
Home Facts
Stories1Lot Size8,003 SqFtStyleStoresYear Built1907CountyCOOKAPN20-22-408-018

Schools near 400 East 69th Street

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Charter - 9 to 12
Charter - 6 to 12
Charter - K to 8
Rating
School
Distance
Park Manor Elementary School
PublicPK to 8

YCCS-Progressive Leadership Acad
Charter9 to 12

Gary Comer College Prep
Charter6 to 12

CICS Washington Park
CharterK to 8

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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400 East 69th Street is a mixed use property for sale in Chicago, IL 60637. This property was listed for sale on October 8, 2024 by eXp Realty, LLC, it's currently listed at $499,000. It has been on the market for a total of 44 days and was last sold on February 8, 2013. This listing's school district is Chicago Public Schools. Nearby schools include Park Manor Elementary School, YCCS-Progressive Leadership Acad and Gary Comer College Prep. 400 East 69th Street is a 0-bed, 0-bath, mixed use property built in 1907.

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 eXp Realty, LLC

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 10/14/2024 12:07 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.