6830 S Prairie Ave., Chicago, IL 60637

6830 S Prairie Ave., Chicago, IL 60637
Photo 1 of 1
$87,000
Sold on 3/05/21
Beds Baths Sq. Ft. Taxes Built
4 2.00 1,772 $2,681.17
On the market: 45 days
View full details, 15 photos, school info, and price history
Attention all investors! Do we have an opportunity for you on this. Priced way below market value and ready for a quick sale. This property is corporate owned and used as a rental unit. There's currently a HCV (Section 8) renter who has been there for three years. Great tenant, any investor would be happy to own this guaranteed money maker. This property is being rented at $1400 a month. Get about a 17% cap rate on a cash for cash investment And with today's rates and a 40% cap rate with a conventional investment loan on the initial investment of 25% down payment. This property has 4 bedrooms, 2 full bathrooms and a full finished basement. This home was a full gut rehab inside and out with brand new everything, from hvac, roof, windows, appliances and more. Was also recently updated in 2017. This is one of three listed properties 6830 S. Prairie, 7145 S. Maplewood and 7632 Rhodes. Seller may consider a package deal if someone was interested in all three.
Listing courtesy of Ed Abed, HomeSmart Realty Group