$299,999
●
Commercial -
For Sale
6211-13 S Loomis Boulevard
Chicago, IL 60636
Studio
0 Bath
$1,691
Estimated Monthly
$0
HOA / Fees
2.73%
Cap Rate
About This Property
Fantastic investment opportunity awaits in the rapidly developing
Englewood area! This property boasts a brick 4-unit building along
with a charming 2- unit frame coach house, providing a total of 6
units ready for renovation. While the units inside may need some
tender loving care (TLC), this property is overflowing with
potential for savvy investors. Currently, the rents are below
market value, offering the perfect chance for the new buyer to make
the necessary improvements and transform it into a highly
profitable cash-flowing asset. One of the standout features of this
property is its convenient location, situated in close proximity to
parks and excellent public transportation options. The
neighborhood's ongoing development and growth ensure a promising
future for this investment. However, it's important to note that
due to the coach units on the property, securing a commercial loan
would be the ideal financing option for the acquisition. Don't miss
out on the chance to capitalize on this lucrative opportunity! With
a strategic vision and the right approach, this property can
quickly turn into a gem of an investment in Englewood's thriving
real estate market. Act now to seize this rare find and unlock its
full potential for long-term success.
Unit Size
-
Days on Market
81 days
Land Size
-
Price per sqft
-
Property Type
Commercial
Property Taxes
$218
HOA Dues
-
Year Built
1970
Listed By
Last updated: 3 months ago (MREDIL #11977853)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Feb 9, 2024 | Listed by Compass Real Estate | $299,999 | |
Listed by Compass Real Estate |
Property Highlights
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
3
Baths
962 ft²
$332/ft²
$319,000
Jan 8, 2024
-
$129/mo
In Contract
House
6
Beds
3
Baths
2,524 ft²
$111/ft²
$279,000
Sep 21, 2023
-
$43/mo
In Contract
House
4
Beds
2.5
Baths
1,783 ft²
$149/ft²
$264,900
Dec 30, 2023
-
$66/mo
In Contract
House
4
Beds
2.5
Baths
2,000 ft²
$125/ft²
$249,900
Jan 19, 2024
-
$129/mo
Active
House
5
Beds
2
Baths
1,536 ft²
$160/ft²
$245,000
Sep 14, 2023
-
$59/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
6211 South Loomis Boulevard
6211 South Loomis Boulevard, Chicago, IL 60636
- 1 Unit for Sale