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About this home
Great opportunity to acquire a completely renovated 7-unit property with a versatile mix of units and everything new throughout. The building includes a 3-bedroom/1-bath garden unit, one 2-bedroom/1-bath unit, three 3-bedroom/1-bath units, and two larger 3-bedroom/1-bath units. The property has undergone a comprehensive renovation with all work completed under permits, including new interiors throughout, a new roof and new rear porch. Each residence features updated kitchens and baths, stainless steel appliances, in-unit laundry, modern finishes, and central air creating a truly turnkey property ready for occupancy. With seven newly renovated units, multiple floor plans, and major building improvements already completed, this is an excellent opportunity for an investor looking for a high quality asset without the time and expense of a major renovation project.
Greater Grand Crossing, located between Washington Park and Chatham, is a residential and historic Chicago neighborhood with a rail-lined street grid and classic brick two-flats. The neighborhood’s character concentrates around 75th Street and South Chicago Avenue, where corner groceries, barbershops, carryouts, and storefront churches set a steady, lived-in rhythm. Architectural details lean toward early-20th-century masonry flats, greystones, and bungalow blocks with deep front yards. The former Park Manor station site and the Metra Electric tracks mark the area’s industrial-era geography. Theaster Gates’ Stony Island Arts Bank and the South Shore Cultural Center sit nearby as cultural anchors tied closely to local life.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Finished basement
Bedrooms
One 2-bedroom unit
One 3-bedroom unit
Three 3-bedroom units
Two 3-bedroom units
Bathrooms
All units have one full bathroom each
Kitchen
Seven ranges
Seven dishwashers
Heating & cooling
Forced air gas heating
Central air conditioning
Exterior features
City street frontage
Lot dimensions approximately 25 x 155
Home design
Multi-family (5+ units)
No conversion
Owned by a Limited Liability Company
Construction
Brick construction
Flat roof
Built before 1978
Utilities
Municipal water
Electric service 0 to 100 amps
Financial info
Total of 7 units
Total monthly income reported at $11,450
Gross annual income reported at $137,400
Gross rent multiplier 9.46
Unit-level monthly incomes range roughly $1,500 to $1,800
Other
Owner-projected water/sewer expense: $9,000
Electric expense: $1,500
Trash expense: $3,000
Insurance expense: $8,000
Possession at closing
Electricity and solar
View estimated energy costs and solar savings for this home
The primary purpose of the RS districts is to accommodate the development of detached houses on individual lots. It is intended that RS zoning be applied in areas where the land-use pattern is characterized predominately by detached houses on individual lots or where such a land use pattern is desired in the future. The Zoning Ordinance includes three RS districts - RS3 - which are differentiated primarily on the basis of minimum lot area requirements and floor area ratios.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Housing-Single unit
Housing-Other
Infrastructure
Educational / school
Library
Recreation
Cemetery
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 100° expected this year, 15 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Chicago, IL • 60621
Average low and high temperatures (°F)
30
18
39
25
54
36
61
44
67
52
80
65
85
71
81
67
78
62
68
52
52
40
37
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.3 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.
10.3 hrs
3.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 140 W 66th St
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