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Map
$855,000 - $1,045,000
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Commercial -
In Contract
7101-05 W Foster Place
Chicago, IL 60656
Studio
0 Bath
About This Property
MULTIPLE OFFERS RECEIVED - FINAL AND BEST DUE 5 PM MONDAY. the
opportunity to own an asset of this caliber rarely presents itself;
come strong. In 20 years you'll tell the story and how much you
"overpaid" for the estate and the room will erupt in laughter. Win
this.... Watch the video for a curated walkthrough and view the 3d
tour to see the building before stepping inside. This 6-car brick
and stone garage, vacant 6-unit full masonry, corner building with
a true backyard is for sale for the first time since being built.
If the 6-car garage wasn't a first for you, imagine owning a
property lived in and cared for by nuns, fully equipped with
architectural stained glass. You've never seen a property in better
shape. Radiant heated floors throughout are powered by a boiler
replaced in 2023. Central AC in each unit with varying condenser
ages. Roof gutters were replaced in 2020. The roof was replaced in
2013. Windows were replaced in 2016 and 2018. This crown
jewel, armchair investment sits in Big Oaks in Norwood Park with
easy access to Downtown and the suburbs. The median rent for 2-bed,
1-bath units in the neighborhood is $1,825. The median rent for 1
bed, 1 bath units in the neighborhood is $1,375. 6 parking spaces
equals $600 monthly. That puts monthly income at $11,100. That's an
11.65% CAP rate and a GRM of 7.1. Don't miss out on this truly
once-in-a-lifetime property. Water/Sewer/Garbage $700.00 |
Electric: $1,060.00 | Gas: $3,000.00 | Maintenance: $5,500.00 |
Insurance: $15,000.00 | 3-year average: $25,260.00 -
WalkScore 82 | TransitScore 53 | BikeScore 61 | 2-minute Lyft,
7-minute L ride, or a 3-minute cycle to Downtown Harwood Heights |
1 Divvy station 300 ft away | 0.6 mi to the Blue Line CTA Harlem
Stop | The 90 bus lines are within 0.1 mi or closer.
Unit Size
-
Days on Market
-
Land Size
0.15 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
-
HOA Dues
-
Year Built
-
Listed By
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 8, 2024 | In contract | - | |
In contract | |||
Mar 29, 2024 | Listed | $950,000 | |
Listed |
Property Highlights
Air Conditioning
Exterior Details
Exterior Information
Brick
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
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
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Building Info
7101 West Foster Place
7101 West Foster Place, Chicago, IL 60656
- 1 Unit for Sale