6418-20 S Stewart Avenue
Chicago, IL 60621

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Description

A unique architectural gem nestled in a bustling Opportunity Zone. Located in the newly remodeled St. Bernard Hospital campus, this exquisitely remodeled vintage property has it all- curb appeal, totally renovated units with washer/dryers. A/C, high end baths & kitchens, hardwood floors. The top 2 units are duplexed with 3 bd, 2 bath floor plans. This building works financially : low taxes, ALL tenant paid utilities, excellent GRM and a great city location.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60621
• Year Built: 1912
• Stories: 3
• Units: 6 units
• Basement: Finished
• Zoning: MULTI
• # Of Dishwashers: 6
• # Of Dryers: 6
• # Of Ranges: 6
• # Of Refrigs: 6
• # Of Washers: 6
• Additional Parcels: Yes
• Approximate Age: Older
• Building Unit Info: Burglar Alarm, Fire Alarm, No Units Furnished, Security System, Smoke/Alarm Detector
• Built Before 1978 (Y/N): Yes
• Cap Rate: 12
• Construction Materials: Brick, Stone
• Cooling: Central Air
• Directions: 63rd St. east or west to Stewart, 300West. Take Stewart south 1.5 blocks to property
• Electric: Circuit Breakers
• Electric Expense: 763
• Electric Expense Source: Actual
• Expense Year: 2025
• Fire Protection: Smoke or Fire Protectors
• Foundation Details: Concrete Perimeter
• Gross Income: 109860
• Gross Rent Multiplier: 7
• Gross Scheduled Income: 109860
• Heat/Ventilation: Forced Air, Gas
• Information: 48-Hr Notice Required
• Insurance Expense: 3481
• Insurance Expense Source: Actual
• Location: Free Standing/Urban, Empowerment Zone
• Main Type: Commercial Sale
• Manager Expense: 6228
• Manager Expense Source: AC
• Operating Expense: 24378
• Other Expense: 306
• Other Expense Source: Actual
• Ownership Type: Limited Partnership
• Repairs-Decor Expense Source: Actual
• Tax Annual Amount: 7433
• Tax Year: 2024
• Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water
• Total Annual Expense Source: Actual
• Total Monthly Income: 9155
• Township: Lake
• Trash Expense: 2204
• Trash Expense Source: Actual
• Type Multi-Family: Flats
• Washer/Dryer Lsd (Y/N): Yes
• Water Expense Source: Actual
• Water Sewer Expense: 3963