lot: 6098 sq ft lot
Commercial: Multi Family 5+ - MLS# 12064733
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Description
9.7% In-Place Cap Rate with potential to increase current below market rents. Gross Income $82.464. All brick 8 unit in Grand Crossing neighborhood. Less than block away from the 71st & Eberhart bus stop, blocks away from Chicago's 69th train stop, this property sits between the I-94 Express and I-90 interstate which both provide for quick and convenient transportation. This 8 unit has a unique unit mix of apartments and is comprised of two 3Bd/2Ba units, two 2Bd/1Ba unit, and four 0/1Ba studios. All have hardwood flooring throughout with an open style concept. This property has been well kept and is ready for its next investor or owner occupant. 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: 60619
- Year Built: 1927
- Stories: 2
- Units: 8 units
- Lot Size: 6098 sq ft lot
- Approximate Age: Older
- Built Before 1978 (Y/N): Yes
- Directions: S to 72nd st. E to Eberhart. Property on the NE corner of 72nd st and Eberhart
- Electric Expense: 780
- Fuel Expense: 2616
- Gross Income: 82464
- Gross Rent Multiplier: 9.03
- Gross Scheduled Income: 82464
- Heat/Ventilation: Central Bldg Heat, Radiators
- Main Type: Commercial Sale
- Operating Expense: 10116
- Tax Annual Amount: 1769
- Tax Year: 2022
- Tenant Pays: Electricity
- Total Monthly Income: 6872
- Trash Expense: 1980
- Type Multi-Family: Flats
- Water Sewer Expense: 4740
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