Commercial: Multi Family 5+ - MLS# 12362899
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Description
Exceptional 2006-built 8-units located in the heart of the rapidly appreciating Bronzeville neighborhood. This well-maintained, elevator building features eight spacious units available with separate utilities, ensuring ease of management and lower operating costs. Investors will appreciate the 8 exterior parking spaces, plus a garage space, offering ample tenant parking-a rare find in the area. Positioned for long-term growth, the property is steps from public transit, major expressways, and minutes to the lakefront, making it highly desirable for tenants. Strong rental income and an 8 cap rate make this an ideal addition to any portfolio.
Features
- Property Type: Commercial
- Sub Type: Multi Family 5+
- Listing Status: Active Under Contract
- County/Area: Cook County
- Zip Code: 60653
- Year Built: 2003
- Stories: 4
- Units: 8 units
- Additional Parcels: Yes
- Approximate Age: 16-25 Years
- Cap Rate: 8
- Directions: I94 to 43rd. 43rd St to Drexel
- Gross Income: 180000
- Gross Rent Multiplier: 7.6
- Gross Scheduled Income: 181800
- Heat/Ventilation: Forced Air, Gas
- Indoor Parking: 1-5 Spaces
- Information: 24-Hr Notice Required
- Insurance Expense: 4032
- Main Type: Commercial Sale
- Maintenance Expense: 5000
- Operating Expense: 64981
- Outdoor Parking: 6-12 Spaces
- Tax Annual Amount: 30057
- Tax Year: 2023
- Total Monthly Income: 15000
- Type Multi-Family: Condo/Townhouse
- Virtual Tour Date: 2025-05-13T16:51:26
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