6500 South Maplewood Avenue

Chicago, IL 60629

$699,900
Price
16
Beds
12
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to a remarkable investment opportunity in the vibrant neighborhood of West Lawn! This well-maintained commercial 10-unit building at 6500 S. Maplewood is a corner property that stands out with its revenue-generating potential, making it ideal for savvy investors looking to expand their portfolio. This building features six two-bedroom units and four one-bedroom units, all equipped with individually controlled heat, ensuring tenant comfort year-round. The back porch and hallways have been...Welcome to a remarkable investment opportunity in the vibrant neighborhood of West Lawn! This well-maintained commercial 10-unit building at 6500 S. Maplewood is a corner property that stands out with its revenue-generating potential, making it ideal for savvy investors looking to expand their portfolio. This building features six two-bedroom units and four one-bedroom units, all equipped with individually controlled heat, ensuring tenant comfort year-round. The back porch and hallways have been recently painted and new carpet has been added in all the hallways, enhancing the overall appeal of the building. With the potential to raise rents, this property offers a fantastic upside to maximize income, making it an excellent choice for those looking to capitalize on the growing demand for quality rental units in the area. Don't miss this opportunity to own a prime piece of real estate in West Lawn-where convenience meets community! Contact 8478816176 for access to the building
  1. Listed by Christina Garrett • Berkshire Hathaway HomeServices Chicago

Property Details for 6500 South Maplewood Avenue

Area
CHI - Chicago Lawn
LISTING UPDATED: 08/17/2024 03:35 AM

Property Details for 6500 South Maplewood Avenue

StatusContingent
MLS #12103499
Days on Market45
Taxes$11,328 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Exterior Entrance
Year Built1924
Lot Size0.17 AC / 7,361 SF
CountyCook County

Building Information for 6500 South Maplewood Avenue

Stories2Residences10Year Built1924Building Size-Lot Size0.17 AC / 7,361 SF

Property Information for 6500 South Maplewood Avenue

General Information
Location and General Information
  • Information: None
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Central Heat/Indiv Controls
  • # Of Refrigerators: 10
  • Num of Baths: 12.0
Exterior Features
  • Building Unit Info: Smoke/Alarm Detector
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Exterior Entrance,Corridor-Interior Entrance
  • Lot Dimensions: 0.169
  • Stories: 2
  • Exterior Building Type: Brick
  • # Of Ranges: 10
Property and Assessments
  • Buyer Financing: Conventional, FHA, VA, Cash
  • Public Document Count: 1
  • Document Date: 2024-07-24T17:36:06
  • Photos Count: 31
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Sidewalks
  • Location: Corner
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: $480.00
  • Fuel Expense: $2,334.00
  • Gross Income: $103,620.00
  • Gross Scheduled Income: $103,000.00
  • Insurance Expense: $5,874.00
  • Maintenance Expense: $17,916.00
  • Total Annual Expense Source: Combination
  • Janitor Expense: 2400
  • Repairs-Decor Expense Source: Actual
  • Total Monthly Income: 8635
  • Water Expense Source: Actual
  • Net Operating Income: $63,036.00
  • Operating Expense: $40,584.00
  • Other Expense: $.00
  • Trash Expense: $2,040.00
  • Water Sewer Expense: $2,652.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 2
Unit 6
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 2
Unit 7
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 2

Property History for 6500 South Maplewood 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 6500 South Maplewood Avenue

Taxable ValueLand$6,068Additions$31,780Total$37,848
Tax Record2017$8,147 ($679 / month)
Home Facts
Stories2Lot Size7,432 SqFtStyleMulti-Family Res (5+ Units)Year Built1924CountyCOOKAPN19242200210000

Schools near 6500 South Maplewood Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - K to 12
Public - 9 to 12
Rating
School
Distance
Marquette Elementary School
PublicPK to 8

Gage Park High School
Public9 to 12

Catalyst Maria Charter School
CharterK to 12

Ombudsman Chicago South
Public9 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 08/17/2024 03:35 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.