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Mayra Pezzella

mayrapezzellarealtor@gmail.com +1(224) 508-1554

Listed by Peter Drossosof Peter Drossos Real Estate

$ 840,000

Est. payment -/mo

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Active Under Contract

6212 N Sacramento Avenue Chicago, IL 60659

5,913 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family 5+

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 5,913 sqft

Price per Sqft $142

MLS Listing ID 12528499

Year Built 1929

Annual Tax Amount $10,905

Tax Year 2023

Lot Size 3,920 Sqft

Lot Dimensions 33 x 123

Property Sub-Type Multi Family 5+

Property Description

PLEASE NOTE THAT WE ARE IN A HIGHEST-AND-BEST SITUATION. ALL OFFERS ARE DUE BY 12/17/2025 BY 6 PM. This all brick, 6-unit building is an investor's dream! There are three front facing units and three rear facing units. All units consist of 2-bedroom, 1-bathroom units. Each unit is quaint and cozy with several large windows that welcome natural sunlight, a formal living room, a spacious kitchen, two large bedrooms with ample closet space and a bathroom. Additionally, each unit is on a forced air system for heat and each unit has window A/C units for air conditioning. Tenants are responsible for gas and electricity and each unit is individually metered. More importantly, all rents are currently underpriced and all tenants are on month-to-month leases. Right now, the average rental price is about $1,045 per month, which comes out to $75,300 in gross rental income per year. However, the true market rent is easily $1,650 per month, which comes out to $118,800 in gross rental income per year. In short, rents can easily be increased by 50% or more, which will easily add about $25,000 per year in gross rental income to your bottom-line. These units do need a cosmetic refresh and some mechanical work. In addition to all of that, the area is excellent, which translates into a very strong rental market and, hence, low vacancies. There have been many recent upgrades too; namely, the porch was built in 2012; the hot water tank is about 5 years old; two furnaces are about 2 years old; the roof was silver coated in 2022; and, a couple windows were replaced. This building is also nestled in between the Kennedy and the Lake, and it is minutes away from Target, Home Depot, Aldi, restaurants, parks, transportation and much more! This is also an as-is, where-is sale. A must see! A 10! WASHER-AND-DRYER: The basement washer and dryer is not working. Tenants must use a local laundromat to wash and dry their clothes. Alternatively, the next prospective buyer can install an in-unit washer-and-dryer. VIOLATIONS: There are old City of Chicago violations and these are very minor in scope (i.e., a damaged garage overhead door, which has been now removed, holes/cracks in the interior staircase, loose door handles a dirty hallway carpet and a need for extermination, which has already been done in the past). The violations list is uploaded in the "Additional Information" tab of this listing sheet. AS-IS, WHERE-IS: This is an as-is, where-is sale. Prospective buyers may conduct an inspection for informational purposes only. The sellers will not give any credits and/or make any repairs whatsoever. UTILITIES: Tenants pay for gas (heat) and electricity. The City of Chicago water is on a metered account. GARAGE: This property features a rare, 3-car detached garage. GARAGE PARKING: The tenants in Unit 1R pay $950 per month in rent plus an extra $100 for garage parking. The total is $1,050 per month. The tenants in Unit 3R pay $925 per month in rent plus an extra $100 for garage parking. The total is $1,025 per month. The third garage parking spot is not rented.

Location

State IL

County Cook

Zoning MULTI

Rooms

Basement Unfinished

Interior

Cooling Wall Sleeve, Window Unit(s)

Fireplace Y

Exterior

View Y/N true

Building

Foundation Concrete Perimeter

Structure Type Brick

SCHOOLSPROPERTIES

Elementary Schools 20

10

Solomon Elementary School

Public | PK - 8
9

Sauganash Elementary School

Public | KG - 8
9

Disney II Elementary School

Public | PK - 6
9

East Prairie Elementary School

Public | PK - 8
9

John Middleton Elementary School

Public | 1 - 5
9

Edison Elementary Regional Gifted Center

Public | KG - 8
9

Decatur Classical Elementary School

Public | KG - 6
9

Stone Elementary Scholastic Academy

Public | KG - 8
8

West Ridge Elementary School

Public | PK - 8
8

Rogers Elementary School

Public | PK - 8
8

Bell Elementary School

Public | KG - 8
8

Coonley Elementary School

Public | PK - 8
7

Rutledge Hall Elementary School

Public | 3 - 5
7

Jamieson Elementary School

Public | KG - 8
7

Budlong Elementary School

Public | KG - 8
7

Chappell Elementary School

Public | PK - 8
7

Ravenswood Elementary School

Public | PK - 8
7

Blaine Elementary School

Public | PK - 8
6

Palmer Elementary School

Public | PK - 8
6

Clinton Elementary School

Public | PK - 8

Middle Schools 8

10

Lincoln Hall Middle School

Public | 6 - 8
7

Oliver Mccracken Middle School

Public | 6 - 8
6

Nichols Middle School

Public | 6 - 8
6

Chicago Math & Science Elementary Charter

Public | 6 - 12
5

Chute Middle School

Public | 6 - 8
4

Disney II Magnet High School

Public | 7 - 9
4

Albany Park Multicultural Academy

Public | 7 - 8
0

T. Marshall Middle School

Public | 7 - 8

High Schools 20

10

Northside College Preparatory High School

Public | 9 - 12
7

Von Steuben Metro Science High School

Public | 9 - 12
5

Mather High School

Public | 9 - 12
5

Amundsen High School

Public | 9 - 12
5

Lake View High School

Public | 9 - 12
5

Rickover Naval Academy High School

Public | 9 - 12
4

Senn High School

Public | 9 - 12
1

Roosevelt High School

Public | 9 - 12
1

Sullivan High School

Public | 9 - 12
0

Lydia Urban Academy

Private | 9 - 12
0

Northside Learning Center

Public | 9 - 12
0

Yeshivas Meor Hatorah of Chicago

Private | 9 - 11
0

Telshe High School

Private | 9 - 12
0

Bais Yaakov High School

Private | 9 - 12
0

Yeshiva Netzach Eliyahu

Private | 9 - 12
0

Lubavitch Girls High School

Private | 9 - 12
0

Hanna Sacks Bais Yaakov High School

Private | 9 - 12
0

Bnos Rabbeinu High School

Private | 10 - 12
0

Ida Crown Jewish Academy

Private | 9 - 12
0

Lubavitch Mesivta of Chicago

Private | 9 - 11

School and business data provided by Attom Data.

Mayra Pezzella

Real Estate Professional | REALTOR® | License ID: 1010235

+1(224) 508-1554

Mayra Pezzella

6212 N Sacramento Avenue Chicago, IL 60659

Key Details

Location

Rooms

Interior

Exterior

Building

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6212 N Sacramento Avenue