Property for Sale: 6702 S Wood, Chicago, IL 60636

$499,000
$499,000
6702 S Wood, Chicago, IL 60636
$499,000
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Price:
$499,000

Type Commercial
Lot Size 0.14 acres
Year Built 1920

City Chicago
County Cook

MLS 12149961
Status Pending
Motivate Seller says, "let investors weigh in"! Introducing a rare, value-add 8 unit, corner red brick building ALONG WITH a stable tenant base. This building is on the market for the first time in over 35 years and one of the very few multi-units for sale in West Englewood. Excellent cash flow (stabilized at over $90K/year) could be even better with a few improvements. Furnaces in each apartment, so tenants responsible for heating bills. Units are in average condition and could be upgraded as they turn over to attract higher paying market rate or vouchered tenants to maximize income. Located between Ashland and Damen close to transportation. New owner could convert up to seven apartments to 2 bedroom units by utilizing the dining rooms as the second bedrooms. One unit has already been converted in that way. Priced at a fully-loaded 9.9 cap at asking.

Room Features

Basement Description Unfinished

Lot & Building Features

Construction Brick
Cooling Window Unit(s)
Tax Year 2023
Lot Dimensions 6250 ft

Price History of 6702 Wood, Chicago, IL

Date Name Price Difference
12/31/1969 Listing Price $499,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Richard Schultz
Direct: 708-237-7779
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by @properties Commercial, David Urbaniak & Kevin Rocio
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6.75%
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6702 Wood (MLS #12149961) is a commercial listing located in Chicago, IL. This is a commercial listing with a lot of 6,098 sqft (or 0.14 acres). This property was listed on 08/28/2024 and has been priced for sale at $499,000.

Nearby zip codes are 60620, 60621, 60629, 60638 and 60652.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: @properties Commercial