4,800 sq ft;
lot: 5227 sq ft lot
Commercial: Multi Family 5+ - MLS# 12597900
Tools & Resources:
Description
RARE FIND!!! Come see this beautiful 6 Unit building ready for maximum rental income potential!! All 6 Unit have a spacious layout, one bed, one bath. All have forced air units and many other updates have been done. You can also enjoy close proximity to Washington Park and Jackson Park, along with convenient access to the lakefront and outdoor recreation. Just minutes away, you'll find University of Chicago, the Museum of Science and Industry, and the future Obama Presidential Center, these are all major drivers of economic growth and neighborhood appreciation. You'll have easy access to the CTA Green Line, CTA Red Line and I-90/94 for a smooth commute into downtown Chicago. This strong rental demand driven by nearby employment hubs and continued development, this property presents an excellent opportunity for investors seeking cash flow and long-term appreciation, while still offering a comfortable and connected lifestyle for owner-occupants. Come check out soon before it's gone
Features
- Property Type: Commercial
- Sub Type: Multi Family 5+
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60619
- Year Built: 1925
- Sq.Ft.: 4,800 sq ft
- Stories: 2
- Units: 6 units
- Basement: Unfinished
- Lot Size: 5227 sq ft lot
- Zoning: MULTI
- Approximate Age: New Rehab
- Building Area Total: 4800
- Built Before 1978 (Y/N): Yes
- Cap Rate: 16.9
- Construction Materials: Brick
- Directions: 75th St East or West to Langley North to Address
- Electric: Circuit Breakers
- Electric Expense: 1035
- Electric Expense Source: Actual
- Expense Year: 2024
- Foundation Details: Concrete Perimeter
- Fuel Expense: 3120
- Fuel Expense Source: Actual
- Gross Income: 86400
- Gross Rent Multiplier: 4.45
- Gross Scheduled Income: 86400
- Heat/Ventilation: Central Heat/Indiv Controls, Forced Air, Gas
- Information: 48-Hr Notice Required
- Insurance Expense: 9000
- Insurance Expense Source: Actual
- Janitor Expense: 2400
- Lot Size Square Feet: 5375
- Main Type: Commercial Sale
- Operating Expense: 21277
- Other Expense: 1800
- Other Expense Source: Actual
- Repairs-Decor Expense Source: Actual
- Roof Structure: Flat
- Tax Annual Amount: 5828.75
- Tax Year: 2024
- Total Annual Expense Source: Actual
- Total Monthly Income: 7200
- Township: Hyde Park
- Trash Expense: 4200
- Trash Expense Source: Actual
- Type Multi-Family: Flats
- Water Expense Source: Actual
- Water Sewer Expense: 2640
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