6355 S Racine Avenue, Chicago, IL 60636

Units: 10
Price / Unit: $42,590
Est. Cap Rate: 35.54%
Est. GRM: 2.57

Property Overview

INVESTOR ALERT - High Margin Fixer Upper Priced Cheap to Sell Fast- This is a total Rehab Project- Bring your tools and imagination! Solid Foundation - Property is sold in "As-Is" Condition - Seller makes no repairs or offers any repair credits. Please submit all offers in Writing with Proof of Funds. Property conveyed with Special Warranty Deed, tax prorations at 100% and No Survey or Termite provided by Seller.

Investor Resource

Property Intelligence

Financial Snapshot

Reported Annual Income: $165,600
Reported Annual Expenses: $14,244
Estimated NOI: $151,356
Estimated Cap Rate: 35.54%
Estimated GRM: 2.57
Annual Taxes: $12,650 (2024)

Property Details

Units: 10
Building Size: 5,255 SF
Lot Size: 7,250 SF
Lot Acreage: 0.16
Lot Dimensions: 58x125
Stories: 2
Year Built: 1911
Building Age: Older
Construction: Brick
Roof: Flat, Rubber
Zoning: MULTI
Parcel Number: 20202000250000

Operations & Utilities

Heating: Gas
Cooling: None
Electric: Circuit Breakers

Location & Use

County: Cook
Market Area: Chicago - Englewood
Township: Lake
Potential Use: Multi-Family
Location: Corner
Frontage: City Street

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.