3100 W Lexington Street
Chicago, IL 60612

Tools & Resources:

Description

7 Building units gut rehabbed to the highest quality. Newer appliances, granite counters, hardwood floors, tenantn paid heat & electricity. Most baths include walk in showers artfully tiled. First floor laundry room with coin machines available for tenant use. Heavy iron gate protects building on two sides. Corner location allows for easy street parking on Albany. Excellent location minutes from I290, blue line . 7 min drive east to UIC Campus. Fully leased units. Imminently rentable.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60612
• Year Built: 1905
• Stories: 2
• Units: 7 units
• Basement: Finished
• Zoning: MULTI
• # Of Dishwashers: 1
• # Of Dryers: 1
• # Of Ranges: 7
• # Of Refrigs: 7
• # Of Washers: 1
• Approximate Age: Older
• Building Unit Info: No Units Furnished, Restriction-Pets, Smoke/Alarm Detector
• Built Before 1978 (Y/N): Yes
• Cap Rate: 6.5
• Cooling: Central Individual
• Directions: Kedzie Ave, north or south to Harrison St. East 1 block to Albany, Albany south to Lexington (1 block)
• Electric: Circuit Breakers, Service - 0 to 100 Amps
• Electric Expense: 500
• Electric Expense Source: Actual
• Expense Year: 2025
• Fuel Expense: 2000
• Fuel Expense Source: Actual
• Gross Income: 120888
• Gross Rent Multiplier: 9
• Gross Scheduled Income: 120888
• Heat/Ventilation: Forced Air, Separate Per Unit
• Information: 24-Hr Notice Required, List Broker Must Accompany
• Insurance Expense: 11824
• Insurance Expense Source: Actual
• Janitor Expense: 3500
• Land Amenities: Curbs and Gutters, Lighting/Exterior, Sidewalks, Cable Ready
• Location: Corner, Free Standing/Urban, In City Limits
• Main Type: Commercial Sale
• Maintenance Expense: 6000
• Manager Expense: 3500
• Manager Expense Source: AC
• Misc Inside: Laundry Room
• Operating Expense: 49676
• Other Expense: 750
• Other Expense Source: Actual
• Repairs-Decor Expense Source: Actual
• Sewer: Storm Sewer
• Tax Annual Amount: 16455
• Tax Year: 2024
• Tenant Pays: Air Conditioning, Electricity, Heat
• Total Annual Expense Source: Actual
• Total Monthly Income: 10074
• Trash Expense: 200
• Trash Expense Source: Combination
• Type Multi-Family: Flats
• Utilities: Sewer Connected, Water Available
• Water Expense Source: Actual
• Water Sewer Expense: 2300
• Water Source: Municipal Water