6847 S Indiana Avenue
Chicago, IL 60637

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Description

6 unit building that was fully rehabbed within recent years. This building has an excellent unit mix of 3 x 2 bedrooms and 3 x 3 bedrooms. Each unit has an individual furnace, hardwood flooring, updated kitchen and bathroom and more. The property is turnkey and ready for a new owner to step into cash flow from day 1.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60637
• Year Built: 1927
• Sq.Ft.: 8,000 sq ft
• Stories: 3
• Units: 6 units
• Lot Size: 10890 sq ft lot
• Zoning: MULTI
• # Of Dryers: 1
• # Of Ranges: 6
• # Of Refrigs: 6
• # Of Washers: 1
• Approximate Age: New Rehab
• Building Area Total: 8000
• Building Unit Info: No Units Furnished
• Built Before 1978 (Y/N): Yes
• Cap Rate: 9
• Construction Materials: Brick
• Cooling: Window Unit(s)
• Directions: East on 69th to Indiana Avenue, North on Indiana to property
• Electric: Circuit Breakers, Service - 101 to 200 Amps
• Electric Expense: 1020
• Electric Expense Source: Broker Projection
• Expense Year: 2024
• Fire Protection: Fire Extinguisher/s
• Foundation Details: Concrete Perimeter
• Fuel Expense Source: Broker Projection
• Gross Income: 93984
• Gross Rent Multiplier: 7.23
• Gross Scheduled Income: 93984
• Heat/Ventilation: Forced Air
• Information: List Broker Must Accompany, 48-Hr Notice Required
• Insurance Expense: 6000
• Insurance Expense Source: Broker Projection
• Janitor Expense: 1800
• Known Encumbrances: None Known
• Location: In City Limits
• Lot Size Source: Listing Agent
• Lot Size Square Feet: 3750
• Main Type: Commercial Sale
• Maintenance Expense: 1800
• Manager Expense: 4704
• Manager Expense Source: BP
• Misc Inside: Laundry Room
• Operating Expense: 24924
• Other Expense: 4920
• Other Expense Source: Broker Projection
• Ownership Type: Limited Liability Corp
• Repairs-Decor Expense Source: Broker Projection
• Roof: Membrane
• Roof Structure: Flat
• Tax Annual Amount: 8028
• Tax Year: 2023
• Tenant Pays: Electricity, Heat
• Total Annual Expense Source: Broker Projection
• Total Monthly Income: 7832
• Township: Lake
• Trash Expense: 1380
• Trash Expense Source: Broker Projection
• Water Expense Source: Broker Projection
• Water Sewer Expense: 3300
• Water Source: Municipal Water