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Map
$178,000
●
Commercial -
For Sale
317 E 116th Street
Chicago, IL 60628
Studio
0 Bath
$1,111
Estimated Monthly
$0
HOA / Fees
3.97%
Cap Rate
About This Property
AMAZING CASH FLOW BUILDINGS IN THE HOT WEST PULLMAN! 2
BUILDINGS FOR THE PRICE OF 1 BUILDING! REHABBERS SPECIAL!
OWNER FINANCING AVAILABLE! THE FRONT BUILDING HAD A FIRE LAST
YEAR. 2 OUT OF 4 UNITS REQUIRE GUT REHAB! THE
FRONT BUILDING REQUIRE A NEW ROOF. REAR BUILDING'S @ UNITS
ARE IN RENTABLE CONDITION. OWNER WILL CONCIDER $10,000 DOWN
PAYMENT OWNER WILL EXTEND LOAN BALANCE FOR 12 MONTHS TO
ALLOW THE BUYER TO FINISH REHABBING THE BUILDING. BEST
ESTIMATES ARE THAT IT WILL COST 60,000 TO FINISH ALL NECESSARY
REHABILITATION OF THE FRONT BUILDING. PARTNERSHIP FEELS
CONFIDENT THAT WHEN FINISHED AND APARTMENTS RENTED THAT THE
PROPERTY WILL SELL FOR $300,000 AND POSSIBLY MORE!!!
Unit Size
-
Days on Market
66 days
Land Size
-
Price per sqft
-
Property Type
Commercial
Property Taxes
$236
HOA Dues
-
Year Built
1902
Listed By
Last updated: 3 months ago (MREDIL #11994254)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 1, 2024 | Listed by re/max1st class | $178,000 | |
| Listed by re/max1st class | |||
Property Highlights
317 E 116th Street
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
House
4
Beds
1.5
Baths
946 ft²
$173/ft²
$164,000
Jan 20, 2024
-
$42/mo
Active
House
3
Beds
2
Baths
1,582 ft²
$101/ft²
$160,000
Feb 16, 2024
-
$168/mo
Active
House
2
Beds
2
Baths
1,000 ft²
$150/ft²
$149,900
Jan 5, 2024
-
$34/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
04/15/2019
|
|
Studio
|
-
|
-
|
$109,900
Studio
-
|
-
-
|
-
|
-
|
Building Info
317 East 116th Street
317 East 116th Street, Chicago, IL 60628
- 1 Unit for Sale
