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Image 1 - 623 E Groveland Pkwy, Chicago, Illinois, 60616 - House for sale
Image 2 - 623 E Groveland Pkwy, Chicago, Illinois, 60616 - House for sale
Image 3 - 623 E Groveland Pkwy, Chicago, Illinois, 60616 - House for sale
Image 4 - 623 E Groveland Pkwy, Chicago, Illinois, 60616 - House for sale
Home For Sale In Chicago, Illinois
623 E Groveland Pkwy, Chicago, Illinois, 60616

Home For Sale In Chicago, Illinois

house for sale
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Listed: 03/11/24

623 E Groveland Pkwy, Chicago, Illinois, 60616

Studio Bed:
1 Bath:
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Price
$ 1,55M

About This House

This multifamily real estate opportunity is in the Groveland Park neighborhood of Chicago. The subject property of 623 East Groveland Park is located 6.3 miles south of Chicago's downtown Loop area. The property is in an exclusive gated community along the shores of Lake Michigan. The unit mix for this property includes six three-bedrooms / one-bathroom units that measure1, 100-1, 200square feet. The units have open floor plans and are newly renovated with modern finishes. The units feature stainless steel appliances, dark hardwood floors and fresh paint. The building has been well maintained through the current ownership. Recent capital improvements include new plumbing, electric, HVAC,roof and other quality finishes around the property. There is also on-site laundry for additional income for the new owner. Parking and storage are currently included in the rent for the tenants.

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Douglas Housing & Living

Household Income

Median household income: $57,238
Number of households: 1,1M
The average household income in Chicago, IL grew from $55,295 to $57,238 in the past year. This data is an estimate based upon 1,1M households in Chicago, IL.
The chart below presents how household income is distributed in Chicago, IL in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Chicago, IL compared to median property taxes around the country. The prevalent amount of property taxes in Chicago, IL equals $3k+ , which is more than the national average.