8 UNIT MULTI-FAMILY

Multi-Family for Sale
Catylist Listing ID: 28568054
Property Subtypes: Low-Rise/Garden
Number of Units: 8 Units
Building Size (RSF): 4,810 SF
Gross Land Area: 6,200 SF
Sale Price: $75,000
Unit Price: $9,375 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/16/2017

Overview / Comments

PROPERTY IS BEING SOLD IN "AS IS" CONDITION. PRICED TO SELL QUICKLY. TUCKPOINTING DONE 2012. NEW PORCHES & STAIRS 2011. WINDOWS IN 2009. ROOF IN 2002. GOOD MIX OF FOUR 2 BEDROOMS AND FOUR 1 BEDROOM UNITS. SOLID ALL BRICK BUILDING WITH BASEMENT. CURRENTLY ONLY 2 VACANCIES. ELECTRIC HEAT IN EACH UNIT. CLOSE TO THORNTON HIGH SCHOOL. SELLER'S HAVE OWNED THE PROPERTY FOR OVER 30 YEARS. PARKING IN FRONT & BACK OF THE BUILDING

Financials

Finance Data Year 2013
Real Estate Taxes - Annual($) $15,785 (Annual)
Potential Rental Income $61,000 (Annual)
Net Operating Income $7,115 (Annual)
Gross Operating Income $39,000 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Chicago-Joliet-Naperville
County: Cook
Zoning: R-1
Market Type: Small
Property Located Between: ASHLAND AVE. & WOOD STREET
Side of Street: West
Road Type: Paved, 2-Track
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1966
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Heat Type: Electricity
Heat Source: Baseboard
Fuel: Electric
Air Conditioning: Window Unit
Zoning Description: ZONED FOR RESIDENTIAL SINGLE FAMILY OR MULTI-FAMILY

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,867 123,565 341,410
Median Age: 31.95 33.41 36.09
Households: 5,149 40,903 120,635

Contact

Photograph of Listing Agent

Ruben Vallejo

RE/MAX Synergy ICEx Member
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