7125 West Addison Street

Chicago, IL 60634

$1,050,000
Price
11
Beds
6
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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!
  1. Listed by Ralph Milito • @properties Christie's International Real Estate

Property Details for 7125 West Addison Street

Area
CHI - Dunning
Num of Interior Fireplaces
0
Zoning
MULTI
LISTING UPDATED: 10/27/2024 03:05 AM

Property Details for 7125 West Addison Street

StatusActive
MLS #12151750
Days on Market83
Taxes$13,753 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Exterior Entrance
Year Built1974
Lot Size0.11 AC / 5,000 SF
CountyCook 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

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Information: 24-Hr Notice Required,List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Wall Sleeve
  • # Of Washers: 1
  • Basement Description: None
  • Heat/Ventilation: Gas,Baseboard
  • # Of Refrigerators: 5
  • Washer/Dryer Lsd: No
  • # Of Dryers: 1
  • # Of Disposals: 0
  • # Of Dishwashers: 0
  • Num of Baths: 6.0
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Corridor-Exterior Entrance
  • Lot Dimensions: 40 X 125
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick, Concrete
  • Roof Structure: Hip
  • Foundation Details: Concrete Perimeter
  • # Of Ranges: 6
  • MRD_UNC: No
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2024-10-26T13:14:58
  • Photos Count: 28
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: $491.00
  • Fuel Expense: $5,710.00
  • Gross Income: $83,700.00
  • Gross Scheduled Income: $83,700.00
  • Insurance Expense: $3,552.00
  • Maintenance Expense: $.00
  • Manager Expense: $.00
  • Electric Expense Source: Actual
  • Expense Year: 2023
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Janitor Expense: 0
  • Trash Expense Source: Actual
  • Total Monthly Income: 6975
  • Water Expense Source: Actual
  • Net Operating Income: $55,818.00
  • Operating Expense: $14,129.00
  • Other Expense: $.00
  • Trash Expense: $1,200.00
  • Water Sewer Expense: $3,176.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 5
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
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 7125 West Addison Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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
Bridge Elementary School
PublicPK to 8

Steinmetz Academic Centre High School
Public9 to 12

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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7125 West Addison Street is a multi-family home for sale in Chicago, IL 60634. This property was listed for sale on August 30, 2024 by @properties Christie's International Real Estate, it's currently listed at $1,050,000. This listing's school district is Chicago Public Schools. Nearby schools include Bridge Elementary School, Steinmetz Academic Centre High School and Thorp O A Elementary Scholastic Academy. 7125 West Addison Street is a 11-bed, 6-bath, multi-family home built in 1974.

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 @properties Christie's International Real Estate

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 10/27/2024 03:05 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.