6820 S Perry Ave, Chicago, IL 60621
About this home
The unique opportunity to acquire a meticulously maintained 19-unit walk-up building. This exceptional property with Cap rate of 10.7 features spacious all two-bedroom units adorned with beautiful hardwood floors. The property has undergone several notable improvements, including newer windows, all copper plumbing, a high-efficiency boiler, updated electric systems, a new fence, and recent tuckpointing, new coping, lintel replacement, totally renovated main sewer service and security cameras. There is potential for a significant increase in rent amount with the possibility to use an existing management company Taty Management. Conveniently situated just 9.3 miles south of Chicago's downtown loop area. It is located near "Chicago Transportation Authority" (CTA) 69th Street Red Line train station, ensuring easy commuting options for residents. Additionally, the proximity to the I-94 Expressway and several CTA bus stops, including 24, 67, and 167 routes.
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Around this home
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Property details
- Interior
- Exterior
- Finance
- Interior features
- Central building heat
- Bedrooms
- Units with 2 bedrooms
- Bathrooms
- Units with 1 full bathroom
- Kitchen
- Ranges (19 total across property)
- Heating & cooling
- Central building heating
- Exterior features
- Property sits on an 8,750 sq ft lot (dimensions listed)
- Access from 69th Street
- Located two blocks west of I-94 and one block east of Wentworth; Perry is one-way north
- Home design
- Multifamily building (5+ units)
- Built before 1978
- Construction
- Brick construction
- Rubber roof
- Concrete perimeter foundation
- Financial info
- 19 residential units
- Total monthly income approximately $20,737
- Gross annual income approximately $248,844
- Gross rent multiplier of 6
- Per-unit monthly income ranges roughly $790 to $1,214
- Other
- Annual property taxes reported for 2024
View estimated energy costs and solar savings for this home
Sun exposure
Good sunlight
SunscoreThis home receives average direct sun exposure in Chicago. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
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