7257 S Princeton Ave, Chi...
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Est $ 5,705/mo
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7257 S Princeton Ave, Chicago, Illinois, 60621
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Bed
2
Bath
Sqft
Overview
Property Type
Home
Property Status
Sale
Year Built
1921
Days on RealtySearch
-
Active Status
Active Under Contract
Last Sold
$585,000 in 2020
A charming twelve-unit walk-up building situated in the Grand Crossing neighborhood on Chicago's South Side. Nestled on a serene, tree-lined street, this property offers tenants the convenience of quick and easy access to downtown Chicago, with the I-94 Express just blocks away. 7257 S. Princeton boasts an exceptional...
More Details
Neighborhood
7257 S Princeton Ave is located in neighborhood in the city of Chicago,IL
Property History
Date
2024-04-02
Event
Listed
Price
$849000
Price/Sq Ft
Source
MRED
Date
2024-03-25
Event
Listing removed
Price
$995000
Price/Sq Ft
Source
MRED
Date
2023-12-27
Event
Listed
Price
$995000
Price/Sq Ft
Source
MRED
Date
2020-09-30
Event
Sold
Price
$585000
Price/Sq Ft
Source
MRED
View More Details
Est
get pre-qualify
7257 S Princeton Ave, Chicago, Illinois, 60621
Get Free FICO® Credit Score
View On Map
Bed
2
Bath
Sqft
Overview
Property Type
Home
Property Status
Sale
Year Built
1921
Days on RealtySearch
-
Active Status
Active Under Contract
Last Sold
$585,000 in 2020
A charming twelve-unit walk-up building situated in the Grand Crossing neighborhood on Chicago's South Side. Nestled on a serene, tree-lined street, this property offers tenants the convenience of quick and easy access to downtown Chicago, with the I-94 Express just blocks away. 7257 S. Princeton boasts an exceptional...
More Details
Neighborhood
is located in neighborhood in the city of ,
Property History
Date
2024-04-02
Event
Listed
Price
$849000
Price/Sq Ft
Source
View More Details
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Home Details
Description
A charming twelve-unit walk-up building situated in the Grand Crossing neighborhood on Chicago's South Side. Nestled on a serene, tree-lined street, this property offers tenants the convenience of quick and easy access to downtown Chicago, with the I-94 Express just blocks away. 7257 S. Princeton boasts an exceptional unit mix, comprising solely of two and three-bedroom apartments. With six (6) 2b/1ba units and six (6) 3b/1ba units, the building provides spacious living spaces that have been meticulously maintained and protected by security cameras. The beautiful hardwood flooring is throughout each unit with gorgeous balconies, that provide residents with a private outdoor oasis where they can unwind, and enjoy the fresh air. Noteworthy recent improvements have been made to the property, including a newer boiler, updated hot water storage tanks, modernized copper plumbing, upgraded windows, and newly constructed porches that meet code requirements. These enhancements ensure that 7257 S. Princeton stands as a stable and robust investment, generating consistent cash flow. From day one, a new owner can expect a cap rate of 10.1% with the possibility to use an existing management company Taty Management. However, the true potential lies in the opportunity to increase rental income, since rent is below the market. By doing so, an investor can attain a remarkable cap rate exceeding 12.6%, along with an exceptional cash-on-cash yield. 7257 S. Princeton represents a rare chance to acquire a well-established income-generating asset in the Grand Crossing neighborhood of Chicago. With its strong tenant base and attractive financial prospects, this property offers a solid investment opportunity.
Presented by:
Angela Mana
Brokered by:
Barr Agency, Inc
Broker Location
,
Monthly Cost Calculator
$ 5,705 / Month
$ Principal & Interest
$ Taxes
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$ Maintenance Fee
$ HOA Fee
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Property History
Date
2024-04-02
Event
Listed
Price
$849000
Price/Sq Ft
Source
MRED
Date
2024-03-25
Event
Listing removed
Price
$995000
Price/Sq Ft
Source
MRED
Date
2023-12-27
Event
Listed
Price
$995000
Price/Sq Ft
Source
MRED
Date
2020-09-30
Event
Sold
Price
$585000
Price/Sq Ft
Source
MRED
Date
2020-06-18
Event
Relisted
Price
$599000
Price/Sq Ft
Source
MRED
Date
2020-06-17
Event
Listing removed
Price
$0
Price/Sq Ft
Source
MRED
Date
2020-06-15
Event
Relisted
Price
$599000
Price/Sq Ft
Source
MRED
Date
2020-06-14
Event
Listing removed
Price
$0
Price/Sq Ft
Source
MRED
Date
2020-06-07
Event
Relisted
Price
$599000
Price/Sq Ft
Source
MRED
Date
2020-06-06
Event
Listing removed
Price
$0
Price/Sq Ft
Source
MRED
Date
2020-05-30
Event
Relisted
Price
$599000
Price/Sq Ft
Source
MRED
Date
2020-05-29
Event
Listing removed
Price
$0
Price/Sq Ft
Source
MRED
Date
2020-05-25
Event
Relisted
Price
$599000
Price/Sq Ft
Source
MRED
Date
2020-05-24
Event
Listing removed
Price
$0
Price/Sq Ft
Source
MRED
Date
2020-05-20
Event
Listed
Price
$599000
Price/Sq Ft
Source
MRED
Date
2015-10-29
Event
Listing removed
Price
$900
Price/Sq Ft
Source
ShowMojo
Date
2015-03-02
Event
Listing removed
Price
$750
Price/Sq Ft
Source
RentlinxUnits
Date
2015-02-16
Event
Listing removed
Price
$900
Price/Sq Ft
Source
ShowMojo
Date
2015-02-09
Event
Listed for rent
Price
$900
Price/Sq Ft
Source
ShowMojo
Date
2015-01-17
Event
Listed for rent
Price
$750
Price/Sq Ft
Source
RentlinxUnits
Date
2014-09-09
Event
Listing removed
Price
$0
Price/Sq Ft
Source
ShowMojo
Date
2014-08-03
Event
Listed for rent
Price
$0
Price/Sq Ft
Source
ShowMojo
Date
2003-05-09
Event
Sold
Price
$175000
Price/Sq Ft
Source
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