7552 S Lafayette Avenue
Chicago, IL 60620

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Description

9.9% Cap Rate. $98,928 Annual Gross Income. Individual Furnaces. Property is a ten (10) unit, walk-up apartment building located in the Park Manor neighborhood of Chicago. The property is located less than one block away from the I-94 Express, which provides tenants a quick and easy access for transportation. With a unit mix, eight 1bd/1ba units and two 0Bd/1Ba studios await your investment plans. All of the units are equipped with hardwood flooring throughout and each contain individual heat and gas. Property is being sold As-Is.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active Under Contract
• County/Area: Cook County
• Zip Code: 60620
• Year Built: 1927
• Stories: 3
• Units: 10 units
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Directions: From State and 75th head W on 75th to Lafayette. Turn S on to Lafayette. Property on the SW corner of Lafyette and 76th.
• Electric Expense: 1020
• Fuel Expense: 2640
• Gross Income: 98928
• Gross Rent Multiplier: 9.09
• Gross Scheduled Income: 98928
• Heat/Ventilation: Central Bldg Heat
• Main Type: Commercial Sale
• Operating Expense: 9792
• Tax Annual Amount: 7801
• Tax Year: 2022
• Tenant Pays: Electricity
• Total Monthly Income: 8244
• Trash Expense: 2712
• Type Multi-Family: Flats
• Water Sewer Expense: 3420