Listing provided courtesy of Charles Rutenberg Realty of ILMREDas Distributed by MLSGrid- MLS# 12281999MLS Provider

9335-37 S South Chicago AvenueChicago, IL 60617

Commercial · 3 Beds
$668,000 Active

9335-37 S South Chicago Avenue Overview

Time on Site:
513 days
Visits:
3

Imposing three story red brick vintage Chicago 6 unit apartment bldg. Located in an up and coming niche of east Chicago, with close proximity the Lakefront and South Shore, all transportation,a thriving industrial area and the Loop. This 1886 beauty represents the pride of the neighborhood with original red Chicago brick, stone trim capping, steel security doors and an enclosed rear stairwell/porch. Each unit has a separate exterior door. The rear and front porches were completely rebuilt in the last six years. Rear yard contains a grassy area perfect for tenant enjoyment. All units leased and tenant paid utilities. Attractive cap rate for investors.

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9335-37 S South Chicago Avenue Facts & Features

  • Type Commercial

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 385
  • Fuel Expense: 0
  • Gross Income: 99216
  • Gross Scheduled Income: 99216
  • Insurance Expense: 3924
  • Maintenance Expense: 3500
  • Net Operating Income: 92956
  • Operating Expense: 22376
  • Trash Expense: 2000
  • Water Sewer Expense: 2475

Building Information

  • Year Built: 1886

Business Information

  • Current Use: Multi-Family

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - South Chicago
  • Township: South Chicago

Rent/Lease Information

  • Tenant Pays: Air Conditioning, Electricity, Heat

Tax Information

  • Tax Annual Amount: $8,078.00
  • Tax Year: 2023

General Information

  • Parcel Number: 11868982000000
  • Possible Use: Commercial,Condominium,Multi-Family
  • Property Type: Commercial Sale
  • Zoning: MULTI

Interior

General Information

  • Cooling: None
  • Electric: Circuit Breakers
  • Fireplaces Total: 0
  • Foundation Details: Concrete Perimeter
  • Stories: 3

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Dimensions: 50X125
  • Water Source: Municipal Water

Building Exterior/Construction

  • Construction Materials: Brick, Concrete, Stone
  • Roof: Reflective Coating

General Information

  • Number Of Units Total: 6
  • Sewer: Storm Sewer
  • Utilities: Sewer Connected

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 3
  • Baths Total: 1
  • Units Total: 6

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 0
  • Units Total: 0

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 0
  • Units Total: 0

Unit 4 Details

  • Unit Type: Unit 4
  • Beds Total: 0
  • Units Total: 0

Unit 5 Details

  • Unit Type: Unit 5
  • Beds Total: 0
  • Units Total: 0

Unit 6 Details

  • Unit Type: Unit 6
  • Beds Total: 0
  • Units Total: 0

Unit 7 Details

  • Unit Type: Unit 7
  • Beds Total: 0
  • Units Total: 0

9335-37 S South Chicago Avenue Neighborhood

Community

60617 (Chicago) Demographics

37
Median Age
5,348
Population Density (per sq. mile)
28%
College Educated
$43,642
Estimated Median Income
16,451
Estimated Total Home Owners
12,722
Estimated Total Renters
56% / 44%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

9335-37 S South Chicago Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

9335-37 S South Chicago Avenue Market Data

Based on the last 30 days in this zip code

$215,942
Average List Price
$154
Average Price per Square Foot
36
Properties Sold
86
Average Days on Market
161
Properties for Sale
Calculations provided by Reliance Network

9335-37 S South Chicago Avenue History

Date Event Value Agent
4/5/2025Source: MRED Status Change
Active
3/31/2025Source: MRED Price Reduction
$668,000 -4.3%
3/31/2025Source: MRED Status Change
Price Change
2/7/2025Source: MRED Status Change
Active
2/2/2025Source: MRED Added to Database
February 02, 2025