lot: 7405 sq ft lot
Commercial: Multi Family 5+ - MLS# 12600877
Tools & Resources:
Description
Are you in the market for a turn key arm chair investment....look no further. This is a solid brick 12-Unit in the heart of North Austin, that is vastly appreciating, while generating 174,000 per year with room for rent increases. Common areas and units are in great condition, consisting of 3-2br and 9-1br units with hardwood flooring, separate living/dining room, separate furnaces. Most unit are completely updated with new bathrooms and kitchens that include granite countertops and new appliances, newer plumbing in many areas, new roof, spot tuckpointing, new rear concrete, newer porches. Tenants responsible for electric, gas, heat. Each apartment has its own furnace. Close to public transportation and expressway providing easy access to Downtown. Security cameras on exterior and interior common areas. Maintenance man stays onsite. More room for rent increases. Agent interest.
Features
- Property Type: Commercial
- Sub Type: Multi Family 5+
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60644
- Year Built: 1925
- Stories: 3
- Units: 12 units
- Basement: Unfinished
- Lot Size: 7405 sq ft lot
- Zoning: MULTI
- Approximate Age: Older
- Built Before 1978 (Y/N): Yes
- Cap Rate: 9.6
- Construction Materials: Brick
- Directions: One block south of Chicago Ave. Three block east of Central Ave.
- Electric: Circuit Breakers, Separate Meters
- Electric Expense: 3000
- Fuel Expense: 1400
- Fuel Expense Source: Owner Projection
- Gross Income: 174000
- Gross Rent Multiplier: 8
- Gross Scheduled Income: 174000
- Heat/Ventilation: Forced Air, Separate Per Unit
- Information: 24-Hr Notice Required
- Insurance Expense: 12000
- Insurance Expense Source: Actual
- Main Type: Commercial Sale
- Maintenance Expense: 2000
- Operating Expense: 38600
- Other Expense Source: Actual
- Outdoor Parking: Parking-Street
- Repairs-Decor Expense Source: Actual
- Tax Annual Amount: 13059
- Tax Year: 2024
- Tenant Pays: Electricity, Heat
- Total Annual Expense Source: Actual
- Total Monthly Income: 14500
- Township: West Chicago
- Trash Expense: 1748
- Trash Expense Source: Actual
- Type Multi-Family: Flats
- Water Sewer Expense: 6000
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