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    3050 S Loomis Street

    Chicago, IL 60608
    • $1,090,000
    • STATUS: Closed
    • ON SITE: 89 days
    • MLS #: 11079088
    Sold - 07/30/2021
    $1,090,000
    SOLD - 07/30/2021
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,986
      SQFT
    • $156
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1905
    County:

    School Ratings & Info

    Description

    FANTASTIC INVESTMENT OPPORTUNITY in the favored Bridgeport neighborhood on Loomis St. (almost 7% ROR)!!! Total 6 units with stable tenants of good credits and 0 defaults throughout ownership (6 years). Each unit is its own living space. All 6 units have been remodeled and updated, each with 2 large Bedrooms, 1 Bath, huge Living Room, Dining Area, Kitchen (with all Appliances), Central Air, Enclosed back porch and Storage Locker. Watch the video that shows 1 of the 6 units. Building has 3+ Laundry Rooms plus 2 additional half baths in basement, Patio, Large Backyard with play area. Backyard undergoing further renovation! All Units have separate Gas, Electric. Close to markets, restaurants, buses, and parks. Owner is releasing the fund to move out-of-state to attend to family needs. Would not even consider transferring ownership otherwise. Read the financials. Hassle-free and no-brainer investment!

    Sold by Landmark & Property Group, Inc.

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    © 2021 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 Schoon Family Group with Keller Williams Elite. Based on information submitted to the MRED as of 2021-08-04T11:55:18.293 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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    3050 S Loomis Street Chicago, IL 60608

    • Price: $1,100,000
    • Status: Closed
    • Updated: 31 min ago
    • MLS #: 11079088
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    6,986
    SQFT
    $156
    $/SQFT
    1905
    Built
    Neighborhood:
    Chi - Bridgeport
    County:
    Cook
    Area:
    Chi - Bridgeport
    Property Description
    FANTASTIC INVESTMENT OPPORTUNITY in the favored Bridgeport neighborhood on Loomis St. (almost 7% ROR)!!! Total 6 units with stable tenants of good credits and 0 defaults throughout ownership (6 years). Each unit is its own living space. All 6 units have been remodeled and updated, each with 2 large Bedrooms, 1 Bath, huge Living Room, Dining Area, Kitchen (with all Appliances), Central Air, Enclosed back porch and Storage Locker. Watch the video that shows 1 of the 6 units. Building has 3+ Laundry Rooms plus 2 additional half baths in basement, Patio, Large Backyard with play area. Backyard undergoing further renovation! All Units have separate Gas, Electric. Close to markets, restaurants, buses, and parks. Owner is releasing the fund to move out-of-state to attend to family needs. Would not even consider transferring ownership otherwise. Read the financials. Hassle-free and no-brainer investment!
    Exterior Features

    Construction Materials Brick Foundation Details Concrete Perimeter Frontage Type City Street Land Amenities Children's Play YardCurbs And GuttersLighting/ExteriorSidewalks Miscellaneous Outside CourtyardEnclosed PorchEnclosed StairsPatioStorms And Screens (As Exist) Outdoor Parking Other Parking Total 0 Roof MembraneRubber Roof Structure Flat

    Interior Features

    Basement Description Cellar Cooling Central Air Electric Circuit Breakers0-100 Amps Fire Protection Fire Extinguisher/SSmoke Or Fire Protectors Fireplaces Total 0 Heat Ventilation Forced AirGasSeparate Per Unit Miscellaneous Inside Inside Corridor/SStorage Inside Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Unit1 2 Number Of Bedrooms Unit2 2 Number Of Bedrooms Unit3 0 Number Of Bedrooms Unit4 0 Number Of Dishwashers 5 Number Of Dryers 3 Number Of Full Bathrooms Type1 1 Number Of Full Bathrooms Type2 1 Number Of Full Bathrooms Type3 1 Number Of Full Bathrooms Type4 1 Number Of Full Bathrooms Type5 1 Number Of Full Bathrooms Type6 1 Number Of Ranges 6 Number Of Refrigs 6 Number Of Rooms Unit Five 0 Number Of Rooms Unit Four 0 Number Of Rooms Unit Six 0 Number Of Rooms Unit1 6 Number Of Rooms Unit2 6 Number Of Rooms Unit3 0 Number Of Rooms Unit7 0 Number Of Units Apt Type1 3 Number Of Units Apt Type2 3 Number Of Units Apt Type3 0 Number Of Units Apt Type4 0 Number Of Units Apt Type5 0 Number Of Units Apt Type6 0 Number Of Units Apt Type7 0 Number Of Washers 3 Number Of Window Ac 0

    Property Features

    Additional Parcels YN No Built Before1978 YN Yes Cap Rate 6.94 Current Use Multi-Family Electric Expense 700 Expense Year 2019 Exterior Building Type Brick Fuel Expense 0 Gross Income 97200 Gross Scheduled Income 97200 Insurance Expense 3800 Janitor Expense 0 Known Encumbrances None Known Lot Size Dimensions 119X64X40X89X18 Maintenance Expense 0 Monthly Income Max1 1400 Monthly Income Max2 1350 Net Operating Income Year 2019 Operating Expense 20868 Other Expense 4000 Owners Assoc YN No Possible Use CondominiumMulti-FamilySingle Family Tax Annual Amount 10568 Tax Year 2019 Tenant Pays Air ConditioningElectricityHeatHot Water Total Monthly Income 8100 Trash Expense 0 Type Multi Family Corridor-Interior EntranceFlats Unincorporated YN No Utilities Water-Municipal Washer Dryer Leased YN No Water Sewer Expense 1800 Zoning Multi

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Concentric Realty, Inc.


    © 2021 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 Schoon Family Group with Keller Williams Elite. Based on information submitted to the MRED as of 2021-08-04T11:55:18.293 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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