8157 S Throop Street Chicago, IL ^$ 643,000

8157 S Throop Street

^$ 643,000

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8157 S Throop Street

Chicago, IL, 60620

^$ 643,000

Bedrooms3 Baths0.0

Monthly Estimate*

^$ 4,274

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Multi-Family Home for sale in Chicago, IL

for $643,000 with 3 bedrooms. This home was built in 1918.

8157 s Throop is comprised of six 2bed 1bath units and three 1bed 1bath units. The units have been very well maintained with hardwood flooring throughout. Improvements to the building consist of but not limited to a new high efficient boiler system. Throop Presents an Investor a unique opportunity of acquiring a cash flowing building with a value-add component. At list price this asset performs at an 8% cap rate. However, solely by raising the rents there is an opportunity to achieve a much higher cap rate.

Multi-Family Active

Price

^$ 643,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 8,500

Style

Year Built

1918

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11975649

Features

General

Cooling None

Zoning MULTI

Year Built 1918

Electric Service - 201 to 600 Amps

Tenant Pays Electricity

Stories 2

Township South Chicago

Tax Year 2022

Gross Income 95820

County Cook

Net Operating Income 53929

Operating Expense 41891

Insurance Expense 7000

Property Type Commercial Sale Multi Family 5+

Status Active

Directions Throop is one way going north. From Ashland go east on 82nd to Throop. Bldg is on the NE corner.

City Chicago

NumberOfUnitsTotal 9

MLS Area CHI - Auburn Gresham

Street Name Throop

Tax Annual Amount 8500

Electric Expense 1500

Fuel Expense 10000

Trash Expense 1800

Water Sewer Expense 9000

Additional Parcels Y/N N

Days on Market 114

Standard Status Active

Exterior

Lot Dimensions 75 X 125

Exterior Brick

Interior

Street Suffix Street

Basement Unfinished

* Excluded Features

List By

Blue Door Dave Inc

Broker

tamekamcclellon@yahoo.com

Affordability Calculator

$4,982

Per Month

Monthly Principal & Interest: $4,274
Monthly Property Taxes: $708
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$640,012

Percent of Sale Price 0%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/23/2024	$643,000	-3.02%	Price Down
5/14/2024	$663,000	-0.15%	Price Down
5/6/2024	$664,000	-0.08%	Price Down
4/21/2024	$664,500	-0.08%	Price Down
4/15/2024	$665,000	-0.15%	Price Down
4/3/2024	$666,000	-0.08%	Price Down
3/25/2024	$666,500	-0.07%	Price Down
3/18/2024	$667,000	-0.15%	Price Down
3/5/2024	$668,000	-0.15%	Price Down
2/28/2024	$669,000	-0.15%	Price Down
2/17/2024	$670,000	-0.15%	Price Down
2/7/2024	$671,000		Listed Price

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8157 S Throop Street, Chicago, IL, 60620 is a Multi-Family Home for sale at $643,000. 8157 S Throop Street has 3 bedrooms, 0.0 baths, and was built in 1918. The property's zip code is 60620 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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 Weichert Realtors 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.

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Data is updated as of 5/31/2024.

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8157 S Throop Street

Multi-Family Home for sale in Chicago, IL

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