8624 South Houston Avenue

Chicago, IL 60617

$524,000
Price
12
Beds
6
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Unique opportunity to acquire a cash-flowing asset that realizes a 9% cap rate. Managing company Taty Management LLC. Full occupancy! Long-term tenants. Low rents with room to increase. It's a must-see! Brick 6 units building with six 2b/1ba apartments with a large eat-in kitchens! All units are equipped with updated kitchens and bathrooms featuring modern appliances, and granite countertops. Separate heat and water tanks for every unit. Updated electric, and copper plumbing. Everything is up to...Unique opportunity to acquire a cash-flowing asset that realizes a 9% cap rate. Managing company Taty Management LLC. Full occupancy! Long-term tenants. Low rents with room to increase. It's a must-see! Brick 6 units building with six 2b/1ba apartments with a large eat-in kitchens! All units are equipped with updated kitchens and bathrooms featuring modern appliances, and granite countertops. Separate heat and water tanks for every unit. Updated electric, and copper plumbing. Everything is up to the new code. Parking is plenty on the street and a two cars brick garage in the rear. Great location close to transportation on a quiet block.
  1. Listed by Calin Paunescu • Taty Management LLC

Property Details for 8624 South Houston Avenue

Area
CHI - South Chicago
Num of Interior Fireplaces
0
Zoning
MULTI
LISTING UPDATED: 12/24/2024 09:11 AM

Property Details for 8624 South Houston Avenue

StatusPrice Change
MLS #12131516
Days on Market140
Taxes$2,674 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1903
Lot Size0.07 AC / 3,125 SF
CountyCook County

Building Information for 8624 South Houston Avenue

Stories3Residences6Year Built1903Building Size-Lot Size0.07 AC / 3,125 SF

Property Information for 8624 South Houston Avenue

General Information
Addtl Parking Information
  • Indoor Parking: Detached
Location and General Information
  • Frontage Type: City Street
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Electric: Separate Meters
  • # Of Washers: 0
  • Basement Description: Unfinished
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air
  • # Of Window/Ac: 6
  • # Of Refrigerators: 6
  • Washer/Dryer Lsd: No
  • # Of Dryers: 0
  • # Of Disposals: 0
  • # Of Dishwashers: 0
  • Num of Baths: 6.0
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Flats
  • Lot Dimensions: 25'X124'X25'X124'
  • Lot Size Square Feet: 3125.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Fire Protection: Alarm Monitored
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 4266
  • Lot Size Source: County Records
  • # Of Ranges: 6
  • Conversion: N
Property and Assessments
  • Possible Use: Multi-Family
  • Buyer Financing: Conventional
  • Public Document Count: 0
  • Photos Count: 9
  • Deconversion: N
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: 6
Income & Expenses
  • Electric Expense: $252.00
  • Fuel Expense: $.00
  • Gross Income: $65,472.00
  • Gross Scheduled Income: $65,472.00
  • Insurance Expense: $3,400.00
  • Maintenance Expense: $.00
  • Known Encumbrances: None Known
  • Expense Year: 2023
  • Janitor Expense: 3600
  • Total Monthly Income: 5456
  • Net Operating Income: $45,374.00
  • Operating Expense: $20,098.00
  • Other Expense: $200.00
  • Trash Expense: $2,940.00
  • Water Sewer Expense: $3,468.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 6
Unit 2
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 0
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 8624 South Houston Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 8624 South Houston Avenue

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

Bowen High School
Public9 to 12

Baker College Prep
Charter9 to 12

Epic Academy High School
Charter9 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.

Neighborhood Map and Transit

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8624 South Houston Avenue is a multi-family home for sale in Chicago, IL 60617. This property was listed for sale on August 8, 2024 by Taty Management LLC, it's currently listed at $524,000. It has been on the market for a total of 140 days and was last sold on April 21, 2020. This listing's school district is Chicago Public Schools. Nearby schools include Mireles Elementary Academy, Bowen High School and Baker College Prep. 8624 South Houston Avenue is a 12-bed, 6-bath, multi-family home built in 1903.

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 Taty Management 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 12/24/2024 09:11 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.