Chicago, IL 60637 6517-19 S Minerva Avenue
$959,000

Presented By: Arc Red Inc Arc Realty Group
Home Details
Attention investors , owners! 1st time offered for sale 6517 S Minerva: a 3 story, center entrance ,late XIX century, originally built, historic 6 flat with full basement for excellent duplex possibility. It is a very large, rear found lime/graystone, 3 story high apartment building located in desirable East Woodlawn! . 2 ca garage ( not rented) and extra parking in rear!. Close proximity to Jackson Park Golf Course and the beautiful setting of the University of Chicago ! Also , close proximity to the future Obama Presidential Library, currently being under construction. This property has excellent condo conversion potential! enormously large, bright apartments! hardwood flooring t/o and some upgrades already in progress, incl .but not limited to 4 new HVAC units, plenty of room to instal in-unit W/D and possible 2nd bth. All long time tenants with below-market mo rental rates, all leases mo/mo that allows a future owner/investor to bring them up to current market rate.
Presented By: Arc Red Inc Arc Realty Group
Interior Features for 6517-19 S Minerva Avenue
Other Interior Features
BasementUnfinished
General for 6517-19 S Minerva Avenue
Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick, Stone
ContingencyAttorney/Inspection
CoolingCentral Air
CountyCook
Current UseMulti-Family
DirectionsStony Island Ave, east on 65 St to Minerva, south to 6517.
ElectricCircuit Breakers, Separate Meters
Electric Expense1200
Fuel Expense1000
Gross Income78120
Insurance Expense9200
Lot Size Square Feet6300
MLS AreaCHI - Woodlawn
MaintenanceExpense1200
Net Operating Income63834
Number Of Units Total6
Operating Expense15566
PossessionClosing, Tenant's Rights
Property TypeCommercial Sale
Property TypeMulti Family 5+
RoofRubber
SewerStorm Sewer
Standard StatusActive Under Contract
StatusContingent
Stories3
Tax Annual Amount9316
Tax Year2023
Tenant PaysAir Conditioning, Electricity, Heat, Hot Water
TownshipHyde Park
Trash Expense2180
Water Sewer Expense3100
Year Built1893
ZoningMULTI
Exterior for 6517-19 S Minerva Avenue
Building Area Total10146
Foundation DetailsBlock, Concrete Perimeter
Frontage TypeCity Street
Lot Dimensions50.4 X 125
Lot Size Acres0.3
Water SourceMunicipal Water
Additional Details
Price History
