7146 S Ridgeland S Avenue, Chicago, IL 60649

  • $599,053
  • $599,053
7146 S Ridgeland S Avenue, Chicago, IL 60649
For Sale
7146 S Ridgeland S Avenue, Chicago, IL 60649
  • $599,053
  • $599,053

Overview

Property ID: 16651737
  • Commercial Sale
  • Property Type
  • 1914
  • Year Built

Description

Welcome to Jackson Park, the finest area in South Shore, where an exceptional opportunity awaits you. This 6-unit building boasts a desirable layout, with each unit featuring 2 spacious bedrooms and 1 bathroom along with huge living rooms, dining rooms, and sunrooms. Individual utilities ensure convenience and flexibility for both tenants and landlords. Brand new duck work and back porch in 2022. 3 units has been renovated to perfection in 2018. Seller is currently rehabbing other 3 units. Moreover, the highly anticipated Obama Library, currently under construction nearby, promises to further enhance the value of the area in the coming years. There exists a notable potential to enhance the property’s value through the upward adjustment of current below-market lease rates to align with prevailing market-level lease rates during the time of renewal or execution of new leases.

  • Address 7146 S Ridgeland S Avenue
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60649
  • Country United States

Details

Updated on August 23, 2024 at 2:46 pm
  • Property ID: 16651737
  • Price: $599,053
  • Year Built: 1914
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • MLS#: MRD11976319
  • Office Name: DREAM SPOTS LEASING INC
  • Agent Name: Loraine Weatherspoon
  • MLS Status: Active

Additional details

  • List Office MLSID: MRD84627
  • List Agent MLSID: MRD886474
  • List Date: 2024-02-08T17:32:15.000Z
  • Tax Annual: 5347
  • Tax Year: 2022
  • County: Cook

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