Chicago, IL 60616,2926 S Wallace ST
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Chicago, IL 60616,2926 S Wallace ST
Chicago, IL 60616,2926 S Wallace ST
Chicago, IL 60616,2926 S Wallace ST
Chicago, IL 60616,2926 S Wallace ST

$670,000

Est. payment /mo

$729,900

8.2%
Est.Price: ?

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2926 S Wallace ST Chicago, IL 60616

SOLD DATE : 03/16/2022

Key Details

Sold Price $670,000

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 11234757

Sold Date 03/16/22

Year Built 1890

Annual Tax Amount $12,269

Tax Year 2020

Lot Dimensions 25X125

Property Sub-Type Multi Family 5+

Property Description

Rare opportunity for a brick 6 unit building with room to improve pro forma rents. Each unit is a 2 bedroom and 1 bath. Rents currently underperforming because of long term tenants but new owner could add large amounts of value in a strong rental neighborhood. Currently the building grosses over $61,000 of rental income. 2 car brick garage creating additional income. All appliances stay with building. Tuckpointing and new roof are only 4 years old. Full unfinished basement for additional value. Healy District and close to shopping, public transportation and expressways makes this a very easy building to rent out.

Location

State IL

County Cook

Area Chi - Bridgeport

Interior

Fireplace N

Building

Level or Stories 3

Structure Type Brick

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Midwest Real Estate Data (MRED) IDX
Listed by Andy Yuen • Main Street Real Estate Group
Bought with Mitir Patel • Dream Town Realty
agent

Neil Hackler

Real Estate Advisor | License ID: 167138

+1(773) 677-3479

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