7700 South East End Avenue

Chicago, IL 60649

$1,050,000
Price
19
Beds
16
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This property is the investment opportunity you've been looking for! All units are currently rented, with only 2 units still available, and all rents are current. The building, which consists of 16 units including 3-2 bedroom apartments and 13-1 bedroom units, is situated in South Shore, where the Obama Center is under construction, leading to significant revitalization in the area. The roof is less than 5 years old, the boiler is regularly maintained, and the hot water tank is approximately 10 years...This property is the investment opportunity you've been looking for! All units are currently rented, with only 2 units still available, and all rents are current. The building, which consists of 16 units including 3-2 bedroom apartments and 13-1 bedroom units, is situated in South Shore, where the Obama Center is under construction, leading to significant revitalization in the area. The roof is less than 5 years old, the boiler is regularly maintained, and the hot water tank is approximately 10 years old. Additionally, there is a camera system installed on the building that will be retained. Some of the units have been renovated, and both the building and the neighborhood are peaceful and quiet. Priced to sale perfect for the investor looking for that 1031 exchange investment!
  1. Listed by Shari Smith • Red Pro Realty LLC

Property Details for 7700 South East End Avenue

Area
CHI - South Shore
Zoning
MULTI
LISTING UPDATED: 08/17/2024 03:35 AM

Property Details for 7700 South East End Avenue

StatusActive
MLS #12128787
Days on Market249
Taxes$14,750 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Exterior Entrance
Year Built1924
Lot Size0.15 AC / 6,449 SF
CountyCook County

Building Information for 7700 South East End Avenue

Stories3Residences16Year Built1924Building Size-Lot Size0.15 AC / 6,449 SF

Property Information for 7700 South East End Avenue

General Information
Location and General Information
  • Information: None
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Central Bldg Heat
  • Num of Baths: 16.0
Property/Lot Information
  • Tenant Pays: Electricity, Other
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Exterior Entrance
  • Lot Dimensions: 6449
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Reflective Coating
  • Fire Protection: Fire Extinguisher/s,Smoke or Fire Protectors,Carbon Monoxide Detector(s)
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 9
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 16
Income & Expenses
  • Electric Expense: $685.00
  • Fuel Expense: $18,000.00
  • Gross Income: $132,480.00
  • Gross Scheduled Income: $98,280.00
  • Insurance Expense: $9,229.00
  • Maintenance Expense: $11,000.00
  • Manager Expense: $6,000.00
  • Electric Expense Source: Actual
  • Expense Year: 2023
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 1500
  • Manager Expense Source: AC
  • Repairs-Decor Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 9102
  • Water Expense Source: Broker Projection
  • Net Operating Income: $59,615.00
  • Operating Expense: $72,865.00
  • Other Expense: $.00
  • Trash Expense: $3,109.00
  • Water Sewer Expense: $10,000.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 3
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 13
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 7700 South East End 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 7700 South East End Avenue

Taxable ValueLand$5,804Additions$65,034Total$70,838
Tax Record2022$14,570 ($1,214 / month)
Home Facts
Stories3Lot Size6,449 SqFtStyleMulti-Family Res (5+ Units)Year Built1924CountyCOOKAPN20-25-317-020

Schools near 7700 South East End Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - 7 to 11
Public - 9 to 12
Rating
School
Distance
Mann Elementary School
PublicPK to 8

Art in Motion Charter School
Charter7 to 11

South Shore Intl Col Prep High School
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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7700 South East End Avenue is a multi-family home for sale in Chicago, IL 60649. This property was listed for sale on August 1, 2024 by Red Pro Realty LLC, it's currently listed at $1,050,000. It has been on the market for a total of 249 days and was last sold on October 23, 1998. This listing's school district is Chicago Public Schools. Nearby schools include Mann Elementary School, Chicago Vocational Career Academy High School and Art in Motion Charter School. 7700 South East End Avenue is a 19-bed, 16-bath, multi-family home built in 1924.

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 Red Pro 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 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.