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33161769
33161770

6837 S Morgan Street, Chicago, IL 60621

DA
IL 475.182077
Century 21 Affiliated
Listed by Century 21 Affiliated
$319,000
8 days on market
Updated 2 days ago

6837 S Morgan Street

Details
APN 20204120120000
Property Type Multifamily
Sub Type Apartment Building
NOI $36,936
Year Built 1920
Acreage 4375.000
Zoning MULTI

Multifamily

Marketing description

Turnkey Brick 2-Flat | CHA/Section 8 | New Porch Siding Private Laundry Per Unit | Duplex-Down Potential Step into a fully rehabbed, cash-flowing 2-flat with long-term CHA tenants already in place and government-backed rent hitting your account every month. The Units: Unit 1 - 2 bed |1 bath | hardwood floors | updated kitchen Unit 2 - 3 bed | 1 bath | hardwood floors | updated kitchen Each unit has its own private laundry room and storage in the basement. Tenants pay all utilities. The Building: Fully rehabbed in 2021 with updated plumbing and electrical. Roof inspected and repaired. New back porch siding. Mechanically sound and low-maintenance. The Play: Large unfinished basement offers duplex-down potential rough plumbing is already in place - convert the first-floor unit downward and unlock a additional income stream. Government-backed rent | long-term tenants | utilities paid by tenants | value-add upside Motivated seller.
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Listing Contacts

DA
IL 475.182077
Century 21 Affiliated
Listed by Century 21 Affiliated

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$36,936.00
$3,078.00/mo

Valuation Metrics

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DSCR
11.58%
Cap Rate
11.58%
ROI

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