Chicago, IL 60649 6823-25 S RIDGELAND Avenue
$650,000
0 more
Presented By: EXIT Strategy Realty
Beds • 3
SQFT • 7,386
Home Details
A recently improved 6-unit multifamily asset offering a blend of modern updates and remaining upside. With many units already renovated, a new owner can focus on rent optimization rather than heavy cap-ex, positioning this property for a strong refinance or resale following stabilization.
Presented By: EXIT Strategy Realty
General for 6823-25 S RIDGELAND Avenue
Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
CountyCook
Current UseMulti-Family
Directions69TH STREET EAST OR WEST TO RIDGELAND SOUTH TO PROPERTY
ElectricFuses
Electric Expense462
Fuel Expense657
Gross Income89520
Insurance Expense5000
Lot Size Square Feet6750
MLS AreaCHI - South Shore
MaintenanceExpense1500
Net Operating Income37054
Number Of Units Total6
Operating Expense32066
PossessionTenant's Rights
Possible UseMulti-Family
Property TypeCommercial Sale
Property TypeMulti Family 5+
RoofReflective Coating
Standard StatusActive
StatusActive
Stories Count3
Tax Annual Amount6135
Tax Year2023
Tenant PaysElectricity, Other
TownshipHyde Park
Trash Expense1972
Water Sewer Expense3125
Year Built1916
ZoningMULTI
Exterior for 6823-25 S RIDGELAND Avenue
Building Area Total7386
Foundation DetailsConcrete Perimeter
Lot Dimensions60X125
Additional Details
Price History
