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Susan Dickman

Broker

  • Office 773-627-8176
  • Cell 773-627-8176
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7308 South Crandon Avenue, Chicago, IL – $1,545,000

  • $1.5M Price
  • 244 DOM
  • $1.5M Price
  • 244 DOM

7308 South Crandon Avenue

34-unit mixed-use property in Chicago's South Shore neighborhood. The Subject property is a three-story, masonry, corner building that is four blocks away the South Shore Cultural Center, South Shore Golf Course and five blocks from the shores of Lake Michigan. There are 20 Studios and 7 1bed/1bath units. Ownership acquired the Property in July-2016. Since acquisition, ownership has fully renovated 13 of of the apartment units and continues to renovate units as tenant move-outs occur. Additionally, ownership is in the process of getting the second of two small (800-SF), vacant commercial spaces rent-ready. Lastly, much of the heavy-lifting was completed by the seller, including full tuck pointing, all new lintels throughout the building, along with a new roof and new rear porch systems. The property is 88% occupied. Currently, there are a total of four vacant units - two residential apartments and the two small commercial units. All apartment units feature hardwood floors, with tile in the kitchens and baths. Each apartment is separately heated by way of baseboard units. The building has a central hot water tank, located in the building basement area. There are several large, clean, dry basement areas that provide investors with a great opportunity to add value in the form of tenant amenities, such as storage units and laundry facilities. The rear of the property contains a loading/parking area as well as 6 individual garages.

Essential Information

  • MLS® #10569588
  • Price$1,545,000
  • Acres0.00
  • Year Built1923
  • TypeCommercial Sale
  • Sub-TypeMixed Use
  • StatusActive

Community Information

  • Address7308 South Crandon Avenue
  • AreaCHI - South Shore
  • CityChicago
  • CountyCook
  • StateIL
  • Zip Code60649

Amenities

  • Parking Spaces6

Exterior

  • ExteriorBrick
  • FoundationConcrete Perimeter

Additional Information

  • Days on Market244

Listing Details

Office

Atlas Asset Management Realty LLC

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Price Change History for 7308 South Crandon Avenue, Chicago, IL (MLS® #10569588)

Date Details Change
Status Changed from Re-activated to Active
Status Changed from Active to Re-activated

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Berkshire Hathaway HomeServices KoenigRubloff Realty Group are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.

Listing information last updated on July 9th, 2020 at 9:45pm CDT.