7,788 sq ft;
lot: 6098 sq ft lot
Commercial: Multi Family 5+ - MLS# 12383178
Tools & Resources:
Description
Excellent opportunity to own a 8-unit multifamily property with lots of CashFlow. Separately metered utilities. The building features a mix of (4) units with 5 rooms, 2 beds, 1 bath and (4) units with 4 rooms, 2 beds, 1 bath, totaling 9 rooms, 16 bedrooms, and 8 full bathrooms. Gas furnaces and electric meters are separate for each unit, with tenants responsible for their own gas and electric. Back building includes a separate water heater, also paid by the tenant. Building electricity is minimal at approximately $30/month. All windows were replaced in 2016. Roof is approximately 15 years old. No central AC - window units provided by tenants. No garage on site. This is a well-structured property with great upside for investors seeking strong rental income and minimal landlord-paid utilities. *The property taxes do not represent a Homeowner Exemption.* Note: The units identified as: 5656 S Marshfield Ave (Units 1N & 2N), 5658 S Marshfield Ave (Units 1S & 2S), 1638 W 57th St (Units 1E & 2E), and 1640 W 57th St (Units 1W & 2W). Owner will consider seller financing.
Features
- Property Type: Commercial
- Sub Type: Multi Family 5+
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60636
- Year Built: 1909
- Sq.Ft.: 7,788 sq ft
- Stories: 2
- Units: 8 units
- Lot Size: 6098 sq ft lot
- Zoning: MULTI
- Approximate Age: Older
- Building Area Total: 7788
- Built Before 1978 (Y/N): Yes
- Construction Materials: Brick
- Directions: I-94 TO 55th ST {Garfield Exit } West Left onto Ashland Rt on 56 TH & RT on Marshfield 2 BLDG
- Electric: Circuit Breakers
- Foundation Details: Block, Brick/Mortar, Stone
- Information: Other-See Remarks
- Insurance Expense: 5600
- Known Encumbrances: None Known
- Land Amenities: Sidewalks
- Lot Size Square Feet: 6092
- Main Type: Commercial Sale
- Outdoor Parking: 1-5 Spaces
- Ownership Type: Limited Partnership
- Roof: Tar/Gravel
- Roof Structure: Flat
- Tax Annual Amount: 9705.35
- Tax Year: 2023
- Total Annual Expense Source: Actual
- Township: Lake
- Type Multi-Family: Corridor-Exterior Entrance
- Utilities: Sewer Connected
- Water Source: Municipal Water
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