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Image 1 - 7115 South Oglesby Avenue, Chicago, IL 60617, USA - House for sale
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Home For Sale In Chicago, Illinois
7115 South Oglesby Avenue, Chicago, IL 60617, USA

Home For Sale In Chicago, Illinois

house for sale
Listed: 04/19/24

7115 South Oglesby Avenue, Chicago, IL 60617, USA

Studio Bed:
4 Bath:
Save
Price
$ 725,000

About This House

Presenting7115 SOglesby-an exclusive, fully-occupied, income-generating 6-unit property superbly situated in the vibrant South Shore neighborhood. It boasts (5) 3-bedroom/2- bathroom units and (1) 2-bedroom/2-bathroom unit. Each unit offers ample space, along with in-unit laundry facilities, separate hot water heaters, central heating, and elegant hardwood flooring. Moreover, dedicated parking spaces are available for every unit. This property represents an exceptional investment opportunity, especially considering its close proximity to the forthcoming Obama Library, South Shore Golf Course, Lake Shore Drive, Metra train line, and a mere 15-minute drive to downtown. Priced at a 9.1% cap rate. Offering Memorandum available upon request. All images have been virtually staged to showcase the property's potential.

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South Shore 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.