6058 S WOLCOTT Avenue
Chicago, IL 60636

Tools & Resources:

Description

LOCATION....LOCATION....INCREDIBLY RENOVATED 4-UNIT BUILDING + 4-BEDROOM /2 BATH COACHHOUSE!! WHAT A GREAT OPPORTUNITY FOR AN OWNER-OCCUPANT TO LIVE IN THE COACH AND RENT OUT BUILDING WHICH HAS 2 BEDROOMS/1 BATH, INTERCOM SYSTEMS, INDIVIDUAL HEAT, NEW BATHS + KITCHENS WITH ISLANDS, SS APPLIANCES. NEW WROUGHT-IRON FENCED YARD & NEW BACK PORCH. LOCATED ACROSS THE STREET FROM LINDBLOOM MATH & SCIENCE ACADEMY WHICH IS HIGHLY RANKED IN ILLINOIS OFFERING THE HIGH SCHOOL SUPREME EXPERIENCE. NOTE: COMMERCIAL FINANCING IS REQUIRED ON THIS ONE BUT I HAVE LENDER WHO CAN DO MIN. DOWN FOR EXPERIENCED BUYER.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60636
• Year Built: 1907
• Stories: 2
• Units: 5 units
• Lot Size: 3485 sq ft lot
• Zoning: MULTI
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Cap Rate: 10
• Cooling: Central Air
• Directions: 63RD STREET EAST OR WEST TO WOLCOTT (1900 WEST) NORTH TO PROPERTY
• Electric: Service - 101 to 200 Amps
• Electric Expense: 360
• Electric Expense Source: Actual
• Expense Year: 2023
• Fuel Expense Source: Actual
• Gross Income: 7400
• Gross Rent Multiplier: 5.6
• Gross Scheduled Income: 88800
• Heat/Ventilation: Central Bldg Heat, Gas, Other
• Information: Other-See Remarks
• Insurance Expense: 4126
• Insurance Expense Source: Actual
• Lot Size Square Feet: 3764
• Main Type: Commercial Sale
• Operating Expense: 88800
• Repairs-Decor Expense Source: Owner Projection
• Tax Annual Amount: 3269.59
• Tax Year: 2023
• Tenant Pays: Electricity, Other
• Total Annual Expense Source: Actual
• Total Monthly Income: 7400
• Township: Hyde Park
• Trash Expense: 1500
• Trash Expense Source: Actual
• Type Multi-Family: Flats
• Water Expense Source: Actual
• Water Sewer Expense: 2880