4,050 sq ft
Commercial: Multi Family 5+ - MLS# 12209947
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Description
Introducing an exceptional opportunity for multifamily/mid-rise investors in the vibrant city of Chicago. This newly renovated 4,050 SF property, built in 1909 and updated in 2022, features 6 units and enjoys full occupancy, making it an attractive addition to any portfolio. Located in heart of Little Village Area, the property offers significant potential for rental increases, appreciation in a prime urban location. Don't miss the chance to acquire this impressive property with a strong rental history and ample room for continued growth and prosperity. -6 Unit Fully Renovated Property -Full Occupied w/Strong Income History -Tremendous Upside Offering Both Rental Growth and Appreciation -Below Market Rents -Conveniently Located! Next to Cermak, Kedzie & Ogden CTA bus lines, CTA Train (Pink Line) and I290 & I55 Expressways
Features
- Property Type: Commercial
- Sub Type: Multi Family 5+
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60623
- Year Built: 1887
- Sq.Ft.: 4,050 sq ft
- Stories: 3
- Units: 6 units
- Zoning: MULTI
- # Of Dishwashers: 6
- # Of Dryers: 6
- # Of Ranges: 6
- # Of Refrigs: 6
- # Of Washers: 6
- Approximate Age: New Rehab
- Building Area Total: 4050
- Built Before 1978 (Y/N): Yes
- Cap Rate: 7.7
- Construction Materials: Brick, Stone
- Directions: Odgen to Kedzie, Kedzie South to Cermak. Property is located 1 block west of Kedzie & Cermak Intersection. Or CTA Pink line Train to Kedzie exit. Walk 1block southwest.
- Electric Expense Source: Actual
- Expense Year: 2024
- Foundation Details: Concrete Perimeter
- Fuel Expense Source: Actual
- Gross Income: 86700
- Gross Rent Multiplier: 10
- Gross Scheduled Income: 86700
- Heat/Ventilation: Central Heat/Indiv Controls
- Information: List Broker Must Accompany
- Insurance Expense: 2180
- Insurance Expense Source: Actual
- Janitor Expense: 908
- Location: Mixed Use Area
- Lot Size Square Feet: 3125
- Main Type: Commercial Sale
- Maintenance Expense: 1500
- Operating Expense: 12137
- Repairs-Decor Expense Source: Combination
- Tax Annual Amount: 5154
- Tax Year: 2023
- Total Annual Expense Source: Combination
- Total Monthly Income: 7225
- Trash Expense: 454
- Trash Expense Source: Actual
- Type Multi-Family: Courtyard
- Water Expense Source: Actual
- Water Sewer Expense: 1941
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