4,216 sq ft;
lot: 2614 sq ft lot
Commercial: Multi Family 5+ - MLS# 12578631
Tools & Resources:
Description
6-unit multi-family gem with coach house owner's unit in Chicago's Bridgeport neighborhood! The primary building, facing S Union Ave, includes 5 units, with a total of 8 bedrooms and 5 bathrooms. The rear coach house is ideal as an owner's unit, and features 4 bedrooms, 1 bathroom, and a full basement. It is equipped with forced-air heating and cooling, and private in-unit laundry. The long-term owners have done an excellent job maintaining the property. Unit finishes are outdated but functional; a cosmetic rehab would go a long way here! All units are separately metered for gas and electric, and each has its own hot water tank (all located in basement). The 5 units in the front building share a common laundry room in the basement, currently outfitted with 2 washers and 2 dryers. The basement also includes a dedicated storage area for each unit. This property is in a prime Bridgeport location, and is part of the highly-desirable Healy School District.
Features
- Property Type: Commercial
- Sub Type: Multi Family 5+
- Listing Status: Active Under Contract
- County/Area: Cook County
- Zip Code: 60616
- Year Built: 1883
- Sq.Ft.: 4,216 sq ft
- Stories: 3
- Units: 6 units
- Basement: Unfinished
- Lot Size: 2614 sq ft lot
- Zoning: MULTI
- # Of Dryers: 3
- # Of Ranges: 6
- # Of Refrigs: 6
- # Of Washers: 32
- Approximate Age: Older
- Building Area Total: 4216
- Built Before 1978 (Y/N): Yes
- Cap Rate: 8.12
- Construction Materials: Brick
- Cooling: Central Air, Window Unit(s)
- Directions: north/south on Halsted St to 28th St, east to Union Ave, 1-way north to property.
- Electric: Circuit Breakers, Separate Meters
- Foundation Details: Stone
- Gross Income: 81000
- Gross Rent Multiplier: 9.8
- Gross Scheduled Income: 81000
- Heat/Ventilation: Forced Air, Gas
- Information: 24-Hr Notice Required, List Broker Must Accompany
- Insurance Expense: 3500
- Insurance Expense Source: Broker Projection
- Known Encumbrances: None Known
- Lot Size Square Feet: 3000
- Main Type: Commercial Sale
- Misc Outside: Balcony/ies, Patio, Storms and Screens (as exist), Sun Deck
- Operating Expense: 6000
- Ownership Type: Individual
- Roof: Composition, Rubber
- Roof Structure: Flat, Metal Decking
- Tax Annual Amount: 10059.5
- Tax Year: 2024
- Total Annual Expense Source: Broker Projection
- Total Monthly Income: 6750
- Township: South Chicago
- Type Multi-Family: Courtyard, Flats
- Water Expense Source: Broker Projection
- Water Sewer Expense: 2500
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