$169,000
●
House -
Off Market
8944 S Normal Avenue
Chicago, IL 60620
3 Beds
3 Baths
2,000 Ft²
$172,955
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model
About This Property
Located on the southern end of Auburn Gresham this is a buyer's
dream with 80% of renovation already completed, there is limited
work to be done here with tons of upside! The home is a grand brick
2 story property, master suite with spa-like bath on the second
level that needs finishing touches but the hard stuff is done! Main
level offers recessed lighting, hardwood floors, gourmet kitchen
with newer cabinets and counters, updated modern light fixtures,
updated bathroom the list goes on! Basement is finished as well
with a third bathroom, large rec room which can be used as a family
room and a bedroom! The home offers a 2 car garage and at this
value will not last long! On the southern end of Auburn Gresham,
close to 95th ST, blocks from the red line and Dan Ryan and so much
more! Minor finishing touches are needed but can be a really great
buy for a buyer looking to build equity in the area!
Unit Size
2,000 Ft²
Days on Market
-
Land Size
-
Price per sqft
$80
Property Type
House
Property Taxes
$139
HOA Dues
-
Year Built
1929
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (MRED MLS #11271432)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 14, 2023 | Sold | ||
| Sold | |||
| Jan 14, 2023 | No longer available | - | |
| No longer available | |||
| Jan 13, 2023 | Listed by Keller Williams Preferred Rlty | $249,900 | |
| Listed by Keller Williams Preferred Rlty | |||
| | |||
|
Newly rehabbed home with 4 bedrooms and 3 bathrooms. Property within minutes of the expressway. First floor features hardwood flooring and ceramic tiles at kitchen. Open concept kitchen with white shaker cabinets, granite countertops, and stainless-steel appliances. Second floor features large master bedroom with master bathroom. Finished basement with 1 bedroom, bathroom, and nice sized utility room. Luxury vinyl plank flooring at basement. 2 car garage. Central Air. A/C will be installed before closing. House is NOT for rent. Alarm at premises.
| |||
| Jan 2, 2023 | Price Decreased |
$259,900
↓ $4K
(1.5%) | |
| Price Decreased | |||
| Dec 16, 2022 | Price Decreased |
$263,900
↓ $1K
(0.4%) | |
| Price Decreased | |||
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About South Side
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Listed by: Ryan Smith, Re/Max Properties
Last Updated: 3 years ago
Data Source: MRED, MLS# 11271432
All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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 IDX listings have been excluded from this website.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11271432
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Phone: 425-283-2930
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