Chicago, IL 60616,3258 S Emerald AVE
Chicago, IL 60616,3258 S Emerald AVE
Chicago, IL 60616,3258 S Emerald AVE
Chicago, IL 60616,3258 S Emerald AVE
Chicago, IL 60616,3258 S Emerald AVE
Chicago, IL 60616,3258 S Emerald AVE
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$1,100,000

$1,149,000

4.3%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 07/28/2023

Key Details

Sold Price $1,100,000

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 11778651

Sold Date 07/28/23

Maintenance Fees $750

Year Built 1890

Annual Tax Amount $13,595

Tax Year 2021

Lot Dimensions 37 X 125

Property Sub-Type Multi Family 5+

Property Description

2 Buildings totaling 7 units on a large 37' x 125' corner lot. The rear building is a large brick building consisting of 5 units, three 2 Bed/ 1 Bath units and two 1 Bed/1 Bath units. The front building consists of two full-floor units, approximately 1050 SF each floor and has a nice side yard and a rear patio area shared with the rear building. The front building is a frame structure with a remodeled unit with in-unit laundry and central HVAC. The top unit has a long-term tenant with below market rent. The rear building is a large brick building with a large 1,800 SF +/- full-floor unit on the third floor with a long-term tenant in place and way below market rent. It has central air and an open flor plan. Both second-floor units have been remodeled, and the first floor has another long-term tenant in place with below market rent and the second unit has been remodeled as well. A lot of value-add potential with four current long-term tenants with below market rents and 3 units that can be leased as-is or updated to capitalize on higher rents.

Location

State IL

County Cook

Area Chi - Bridgeport

Zoning MULTI

Interior

Cooling Central Air, Central Individual, Window Unit(s)

Fireplace N

Building

Level or Stories 3

Structure Type Brick, Wood Frame

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Midwest Real Estate Data (MRED) IDX
Listed by Angelo Labriola • Sperry Van Ness
Bought with Qiuping Folino • Concentric Realty Inc.
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