Michael Heesch
- Buy
- Sell
https://www.ruhlmortgage.com/BlakeEller.html
Description
Rare chance to acquire a fully vacant 17-unit building in Chicago's Chatham neighborhood at $600K, roughly $35K/unit. Property requires a complete gut rehab, giving an investor total control over unit mix, finishes, and systems from day one. Location is a major draw: steps to Cottage Grove Ave, minutes to the Dan Ryan Expressway for fast downtown access, and close to Metra and CTA Red Line service for tenants commuting citywide. The 79th Street retail corridor and neighborhood staples like Dat Donut and Harold's Chicken Shack are nearby, along with Avalon Park and Hamilton Park for green space. Chicago State University sits just a few minutes away, adding to steady rental demand in the area. Chatham remains one of the South Side's most stable multifamily submarkets, with strong owner-occupant pride and consistent rental demand. This is a ground-up repositioning play for an investor looking to build a fully renovated, high-cash-flow asset from scratch. Bring your contractor and your vision, this one's ready to be rebuilt from the studs up.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
County: Cook
Listed By:
33 Realty
773-327-4975
MRED MLS
MLS ID: 12711631
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7954 S Maryland Avenue, Chicago, IL 60619.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $600,000 | $600,000 | $600,000 |
| Down Payment | $120,000 | $21,000 | $150,000 |
| Monthly Mortgage Amount | $2,995 | $3,627 | $3,737 |
| Taxes | $835 | $835 | $835 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $264 | $0 |
| Monthly Estimated Total | $4,005 | $4,901 | $4,747 |
Michael Heesch
REALTOR®
Cell: (563) 320-1477
Licensed in IA & IL
DeWitt Office
903 Sixth Avenue
DeWitt, IA 52742
(563) 659-9433
DeWitt, IA 52742
(563) 659-9433
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