1607 S Sawyer Avenue
Property Description
One of few remaining prime real estate opportunities in close proximity to Chicago downtown and across of the street from Douglas Park, with all amenities and transportation options steps away in a rapidly appreciating area. 1607 & 1609 Sawyer are timeless Greystones that feature a total of (18) bedrooms, (6) baths combinate with over 1500+ sq ft of living space or storage. Please note the price is only for 1607. New owner of 1607 S. Sawyer has option to purchase adjusted double lot on 16th street at FMV (confirm with City of Chicago) for additional opportunities. Both buildings are fully tenants occupied with rents currently below market value but can be adjusted after light cosmetic rehab at buyer's discretion. Each unit contains their own dedicated HVAC, water heather and electrical panels condo style. Buildings are priced on recent sold/contingent comps in the area. Buyer would need to purchase property subject to existing tenants. Seller will entertain offers for each building individually but would prefer both buildings be sold as a package deal potential further savings to buyer and a quick closing is preferred.Broker Details
Hometown Real Estate (773) 625-1121
MLS ID: 183010 State License Number: 475153778
Key Property Information
| Listing Status: | Under Contract |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $355,000 |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 9 |
| Number of Bathrooms: | 3 |
ID: 3yd-MREDIL-12617108
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout