Commercial: Multi Family 5+ - MLS# 12435373
Tools & Resources:
Description
Incredible Investment Opportunity! This well-maintained 9-unit multifamily building featuring separate living and dining areas in each unit, offering excellent rental appeal and consistent monthly revenue. Partially renovated, the property in few updated units, refinished hardwood floors, new kitchen countertops, and fresh paint throughout the common areas. Recent improvements include a new roof (2019), energy-efficient hot water tank, individual furnaces, and energy-saving upgrades throughout the building. The property is fully occupied, making it a true turnkey investment with a solid return. Additional highlights include a 6-car garage, enclosed back porches, potential storage areas for tenants, a property management office, and a large backyard perfect for summer gatherings or future enhancements. Don't miss your chance to own a stable income-producing asset in a strong rental market!
Features
- Property Type: Commercial
- Sub Type: Multi Family 5+
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60619
- Year Built: 1926
- Stories: 2
- Units: 9 units
- Basement: Unfinished
- Zoning: COMMR
- Approximate Age: Older
- Built Before 1978 (Y/N): Yes
- Construction Materials: Brick
- Directions: Martin Luther King Dr to E. 79th, west on 79th to Calumet, south to address
- Electric: Circuit Breakers
- Electric Expense: 2004
- Foundation Details: Concrete Perimeter
- Fuel Expense: 1815
- Gross Income: 78000
- Gross Rent Multiplier: 8
- Gross Scheduled Income: 78000
- Heat/Ventilation: Forced Air
- Indoor Parking: 6-12 Spaces
- Information: List Broker Must Accompany, 48-Hr Notice Required, Leases Avaliable, Standard
- Insurance Expense: 7684
- Janitor Expense: 900
- Main Type: Commercial Sale
- Maintenance Expense: 400
- Operating Expense: 28133
- Roof Structure: Flat
- Tax Annual Amount: 7333
- Tax Year: 2023
- Tenant Pays: Electricity
- Total Annual Expense Source: Owner Projection
- Total Monthly Income: 6500
- Township: Hyde Park
- Trash Expense: 2112
- Type Multi-Family: Flats, Garden Complex
- Water Sewer Expense: 5885
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