6 W 111th Place
Chicago, IL 60628

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Description

Turn key 6 unit in Roseland available. Property underwent a large rehab within the last 5 years including new kitchens, baths, appliances, flooring, porch. electrical service, roof etc. Unit mix is 3 x 1 bedrooms and 3 x 2 bedrooms. While the units are turnkey, there is room for growth on the leasing and management side.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60628
• Year Built: 1922
• Sq.Ft.: 4,200 sq ft
• Stories: 3
• Units: 6 units
• Basement: Unfinished
• Lot Size: 10890 sq ft lot
• Zoning: MULTI
• # Of Ranges: 6
• # Of Refrigs: 6
• Approximate Age: 1-6 Years
• Building Area Total: 4200
• Built Before 1978 (Y/N): Yes
• Cap Rate: 11.2
• Construction Materials: Brick
• Directions: West on 111th, south on State, right on 111th place to property
• Electric: Circuit Breakers, Separate Meters, Service - 201 to 600 Amps
• Electric Expense: 1200
• Electric Expense Source: Combination
• Expense Year: 2024
• Fire Protection: Fire Extinguisher/s, Carbon Monoxide Detector(s)
• Foundation Details: Concrete Perimeter
• Fuel Expense: 7200
• Fuel Expense Source: Combination
• Gross Income: 101400
• Gross Rent Multiplier: 5.17
• Gross Scheduled Income: 101400
• Heat/Ventilation: Central Bldg Heat, Gas, Steam
• Indoor Parking: Detached
• Information: List Broker Must Accompany, 48-Hr Notice Required
• Insurance Expense: 5000
• Insurance Expense Source: Owner Projection
• Janitor Expense: 1800
• Known Encumbrances: None Known
• Location: In City Limits
• Lot Size Square Feet: 6250
• Main Type: Commercial Sale
• Maintenance Expense: 3000
• Manager Expense: 4700
• Manager Expense Source: CO
• Operating Expense: 42288
• Other Expense: 200
• Other Expense Source: Combination
• Outdoor Parking: Parking On-Site
• Ownership Type: Limited Liability Corp
• Repairs-Decor Expense Source: Combination
• Roof: Membrane
• Roof Structure: Flat
• Tax Annual Amount: 6767
• Tax Year: 2023
• Tenant Pays: Electricity, Other
• Total Annual Expense Source: Combination
• Total Monthly Income: 8450
• Trash Expense: 1620
• Trash Expense Source: Combination
• Water Expense Source: Combination
• Water Sewer Expense: 3600
• Water Source: Municipal Water