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3800 S Wallace Street

Chicago, IL 60609
  • $980,000
  • STATUS: Active Under Contract
  • ON SITE: 64 Days
  • MLS #: 11639097
Under Contract
UPDATED: 58 min ago
$980,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Ratings & Info

Description

3800 S Wallace St is an eight (8) total units on a double lot located in the desirable Bridgeport neighborhood. 3800 S Wallace St is a beautiful eight (8) unit property with a brick six flat in the front and a two unit coach house in the rear. Located on a double lot there is a full side yard for tenants and features a favorable unit mix of one, two, and three bedroom apartments. There is a mix of conditions throughout the building offering a new investor value upside via renovation of CH2 and/or increasing rents to market rate as is.

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2022-12-01T19:58:56.893 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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3800 S Wallace Street Chicago, IL 60609

  • Price: $980,000
  • Status: Active Under Contract
  • On Site: 64 Days
  • Updated: 58 min ago
  • MLS #: 11639097
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1900
Built
Neighborhood:
Chi - Bridgeport
County:
Cook
Area:
Chi - Bridgeport
Property Description
3800 S Wallace St is an eight (8) total units on a double lot located in the desirable Bridgeport neighborhood. 3800 S Wallace St is a beautiful eight (8) unit property with a brick six flat in the front and a two unit coach house in the rear. Located on a double lot there is a full side yard for tenants and features a favorable unit mix of one, two, and three bedroom apartments. There is a mix of conditions throughout the building offering a new investor value upside via renovation of CH2 and/or increasing rents to market rate as is.
Exterior Features

Exterior Building Type Vinyl SidingBrick Foundation Details Concrete Perimeter Parking Total 0

Interior Features

Cooling Window Unit(S) Heat Ventilation Central Bldg HeatWall Unit Number Of Dryers 1 Number Of Ranges 8 Number Of Washers 1

Property Features

Additional Parcels YN Yes Approximate Age Older Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show No - Has Seller Written Direction Electric Circuit BreakersService - 201 To 600 Amps Gross Income 90720 Gross Scheduled Income 90720 Insurance Expense 4500 Maintenance Expense 2400 Mls Actual Status Contingent Net Operating Income 48292 Operating Expense 24384 Tax Annual Amount 15654 Tax Year 2020 Tenant Pays ElectricityHeat Total Monthly Income 8612 Type Multi Family 5+ Zoning Multi

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Flats, Llc: 312-506-3200.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2022-12-01T19:58:56.893 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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