7125 West Addison Street
$1,050,000
11
6
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Virtual Tour
Description
Original owners decided it's time to sell. All units are above grade. No garden units! This beautiful yellow brick building is being offered for sale for the first time in 50 years! This high visibility prime corner location offers more parking for tenants as well as more sunlight and an overall open and more comfortable feel! There are 6 parking spaces in the rear off the alley that are sizable and easy to access. The unit mix is comprised of 6 units in total with 5 being 2 bedrooms and 1 bath and...Original owners decided it's time to sell. All units are above grade. No garden units! This beautiful yellow brick building is being offered for sale for the first time in 50 years! This high visibility prime corner location offers more parking for tenants as well as more sunlight and an overall open and more comfortable feel! There are 6 parking spaces in the rear off the alley that are sizable and easy to access. The unit mix is comprised of 6 units in total with 5 being 2 bedrooms and 1 bath and 1 unit having 1 bedroom and 1 bath. As you can imagine these rents are very low due to the long time owners and long time tenants. Do your own math and you will be impressed at how much the NOI will change with only a modest rent increase. All tenants are on a month to month lease. Building was newly tuckpointed 3 years ago! Market rents for the 2 bedroom units $1500-$1800 and for the 1 bedroom unit $1150-$1400. See pro forma under additional information using the low end of market rents. This quality 6 unit building is a huge win for your portfolio!
- Listed by Ralph Milito • @properties Christie's International Real Estate
Property Details for 7125 West Addison Street
Area
CHI - Dunning
Num of Interior Fireplaces0
ZoningMULTI
LISTING UPDATED: 10/27/2024 03:05 AM
Property Details for 7125 West Addison Street
Status | Active |
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MLS # | 12151750 |
Days on Market | 83 |
Taxes | $13,753 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Corridor-Exterior Entrance |
Year Built | 1974 |
Lot Size | 0.11 AC / 5,000 SF |
County | Cook County |
Virtual Tour
Building Information for 7125 West Addison Street
Stories3Residences6Year Built1974Building Size-Lot Size0.11 AC / 5,000 SF
Property Information for 7125 West Addison Street
Property History for 7125 West Addison Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 7125 West Addison Street
This home is within Chicago Public Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 8 | |||
Public - | PK to 8 |
Rating | School | Distance |
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Bridge Elementary School PublicPK to 8 | ||
Steinmetz Academic Centre High School Public9 to 12 | ||
Thorp O A Elementary Scholastic Academy PublicK to 8 | ||
Chicago Academy Elementary School PublicPK 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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