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6507 S Ellis AVE Chicago, IL 60637
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Key Details
Sold Price $375,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 8,454 sqft
Price per Sqft $44
MLS Listing ID 10108813
Sold Date 12/12/18
Maintenance Fees $6,000
Year Built 1906
Annual Tax Amount $4,804
Tax Year 2017
Lot Size 6,098 Sqft
Lot Dimensions 50X125
Property Sub-Type Multi Family 5+
Property Description
VALUE ADD IN HOT WOODLAWN. FEATURING 6 LARGE 2BD 1 BATH UNITS WITH 3 UNITS CURRENTLY OCCUPIED RENTING FOR $850, $976, AND $1,050 THERE ARE 3 UNFINISHED UNITS. INCOME AND EXPENSES ARE PRO FORMA CONSERVATIVELY BASED ON $7,200 MONTHLY INCOME.MUCH OF THE WORK HAS BEEN COMPLETED SELLER HAS UPDATED GAS LINES, ELECTRICAL AND PLUMBING WITH PLANS AND PERMITS.CONTRACTORS ESTIMATED BID TO FINISH REMAINING UNITS IS BETWEEN $60,000 AND $80,000 DEPENDING ON FINISHES. SELLER IS MOTIVATED
Location
State IL
County Cook
Area Chi - Woodlawn
Zoning MULTI
Interior
Cooling None
Fireplace N
Exterior
Utilities Available Sanitary Sewer, Water-Municipal, Water to Site
Building
Level or Stories 3
Structure Type Brick
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Michael Tolliver • Atlas Asset Management Realty LLC