Commercial: Multi Family 5+ - MLS# 12433661
Tools & Resources:
Description
Brick 6-flat,Don't miss out on this unique investment opportunity in a rapidly appreciating neighborhood, Solid brick Building with Six spacious 2 bedroom apartments, separate utilities for each unit. There is significant potential to increase rental income. This property is fully rented. Building is being sold as is condition. Each unit has two bedroom, living room and kitchen with eating area. 3 units in the front of building 3 units in the rear of building. All units are rented (below market rental). Each unit has separate utilities. Newer rear porch roof(approximate 6 years old). Four Newer water heating tanks (Approx 6 years old). Separate electric boxes for each unit. All units are in a month to month. The property is located in Chicago's Little Village neighborhood, just steps from heavily trafficked 26th street retail district. Building is conveniently located with easy access to expressways and public transportation.
Features
- Property Type: Commercial
- Sub Type: Multi Family 5+
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60623
- Year Built: 1900
- Stories: 3
- Units: 6 units
- Zoning: MULTI
- Approximate Age: Older
- Built Before 1978 (Y/N): Yes
- Construction Materials: Brick
- Cooling: Window Unit(s)
- Directions: 25th st to St. Louis north to property.
- Expense Year: 2025
- Gross Income: 50400
- Gross Rent Multiplier: 10
- Heat/Ventilation: Forced Air, Gas, Wall Unit
- Information: List Broker Must Accompany
- Insurance Expense: 3100
- Main Type: Commercial Sale
- Operating Expense: 6831
- Outdoor Parking: None On Site
- Tax Annual Amount: 5064
- Tax Year: 2024
- Tenant Pays: Electricity, Heat
- Total Annual Expense Source: Actual
- Total Monthly Income: 4200
- Trash Expense: 345
- Trash Expense Source: Combination
- Type Multi-Family: Flats
- Water Expense Source: Actual
- Water Sewer Expense: 695
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