6211-13 S Loomis Boulevard Chicago, IL $ 299,999
6211-13 S Loomis Boulevard
$ 299,999
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6211-13 S Loomis Boulevard

Chicago, IL, 60636
$ 299,999
Bedrooms4 Baths0.0

Monthly Estimate*

$ 1,994

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Multi-Family Home for sale in Chicago, IL

for $299,999 with 4 bedrooms. This home was built in 1918.

Fantastic investment opportunity awaits in the rapidly developing Englewood area! This property boasts a brick 4-unit building along with a charming 2- unit frame coach house, providing a total of 6 units ready for renovation. While the units inside may need some tender loving care (TLC), this property is overflowing with potential for savvy investors. Currently, the rents are below market value, offering the perfect chance for the new buyer to make the necessary improvements and transform it into a highly profitable cash-flowing asset. One of the standout features of this property is its convenient location, situated in close proximity to parks and excellent public transportation options. The neighborhood's ongoing development and growth ensure a promising future for this investment. However, it's important to note that due to the coach units on the property, securing a commercial loan would be the ideal financing option for the acquisition. Don't miss out on the chance to capitalize on this lucrative opportunity! With a strategic vision and the right approach, this property can quickly turn into a gem of an investment in Englewood's thriving real estate market. Act now to seize this rare find and unlock its full potential for long-term success.

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Multi-Family Active

Price

$ 299,999

Bedrooms

4

Property Type

Multi-Family

Taxes

$ 2,614

Style

Year Built

1918

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11977853

Features
General
Year Built 1918
Tenant Pays Electricity
Stories 2
Township South Chicago
Tax Year 2021
Gross Income 3450
County Cook
Net Operating Income 28980
Operating Expense 12420
Insurance Expense 3000
Property Type Commercial Sale Multi Family 5+
Status Re-activated
Directions 59th St West of Halsted to Loomis. South on Loomis to property.
City Chicago
Total Units 6
MLS Area CHI - Englewood
Street Name Loomis
Tax Annual Amount 2614.17
Electric Expense 2000
Fuel Expense 3000
Trash Expense 1000
Water Sewer Expense 3000
Additional Parcels Y/N N
Days on Market 104
Standard Status Active
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Exterior
Lot Dimensions 50X125
Exterior Frame
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Interior
Street Suffix Boulevard
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* Excluded Features
List By
Compass

Broker

eli@secondcityagents.com

Email

Affordability Calculator

$2,212
Per Month
90%
10%
0%
Monthly Principal & Interest
$1,994
Monthly Property Taxes
$218
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/9/2024$299,999 Listed Price

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6211-13 S Loomis Boulevard, Chicago, IL, 60636 is a Multi-Family Home for sale at $299,999. 6211-13 S Loomis Boulevard has 4 bedrooms, 0.0 baths, and was built in 1918. The property's zip code is 60636 which is in Chicago, IL