3,952 sq ft;
lot: 3049 sq ft lot
Commercial: Multi Family 5+ - MLS# 12572665
Tools & Resources:
Description
Exceptional investment opportunity! This well-maintained 6 unit multi-family property offers a total of 10 bedrooms and 6 bathrooms, making it ideal for both long term and short term rental strategies. Each unit features its own kitchen, living room, and dining area, offering comfortable, fully independent living spaces for tenants or guests. The property is equipped with a 24 hour security surveillance system for added peace of mind. Exterior amenities include six dedicated parking spaces for residents and guests. Two units are currently leased, providing immediate, stable income. Three units are operating as active Airbnb rentals, with one unit already secured for 160 rental days. One additional unfinished unit needing rennovations presents an opportunity for updates and added value.
Features
- Property Type: Commercial
- Sub Type: Multi Family 5+
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60619
- Year Built: 1959
- Sq.Ft.: 3,952 sq ft
- Stories: 2
- Units: 5 units
- Basement: Partially Finished
- Lot Size: 3049 sq ft lot
- Zoning: MULTI
- # Of Refrigs: 6
- Additional Parcels: Yes
- Approximate Age: Older
- Building Area Total: 3952
- Built Before 1978 (Y/N): Yes
- Construction Materials: Brick
- Directions: 95TH ST TO MARYLAND AVE, NORTH TO PROPERTY
- Electric: Separate Meters
- Electric Expense: 800
- Electric Expense Source: Owner Projection
- Fire Protection: Alarm Monitored, Fire Extinguisher/s
- Foundation Details: Concrete Perimeter
- Fuel Expense: 400
- Fuel Expense Source: Owner Projection
- Gross Income: 54000
- Gross Rent Multiplier: 10
- Gross Scheduled Income: 54000
- Heat/Ventilation: Central Bldg Heat
- Insurance Expense: 300
- Insurance Expense Source: Owner Projection
- Janitor Expense: 100
- Known Encumbrances: None Known
- Land Amenities: Curbs and Gutters, Sidewalks
- Lot Size Source: County Records
- Lot Size Square Feet: 3150
- Main Type: Commercial Sale
- Maintenance Expense: 40000
- Misc Outside: Security System
- Operating Expense: 24000
- Outdoor Parking: 6-12 Spaces
- Ownership Type: Individual
- Repairs-Decor Expense Source: Owner Projection
- Roof: Composition
- Roof Structure: Flat
- Tax Annual Amount: 4400
- Tax Year: 2024
- Total Annual Expense Source: Owner Projection
- Total Monthly Income: 4500
- Township: Hyde Park
- Trash Expense: 200
- Trash Expense Source: Owner Projection
- Type Multi-Family: Corridor-Interior Entrance
- Water Expense Source: Owner Projection
- Water Sewer Expense: 300
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