Commercial: Multi Family 5+ - MLS# 12450231
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Description
SELLER SAID BRING OFFER ------Hello investors and owner occupiers---- this Classic Chicago brick 6 + units building in the Ravenswood neighborhood, very well-kept and fully rented to a long-time tenant All large units with 2 bedrooms and 1 bath, hardwood floors throughout. low rents that can be increased with time large Livingroom and Dining room. enclosed porch, beautiful back yard for summer enjoyment. the seventh unit is in garden apt with 1 Br and 1 bath fully remodeled bathroom. full basement with storage area and a 4-car garage that can be rented for an extra income. the park across the street is another fact of enjoying living in this building, FREE parking on the street and there is a public parking across the street, this one a must see before it is to late.
Features
- Property Type: Commercial
- Sub Type: Multi Family 5+
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60625
- Year Built: 1916
- Stories: 3
- Units: 7 units
- Zoning: MULTI
- # Of Dishwashers: 3
- # Of Dryers: 1
- # Of Ranges: 7
- # Of Refrigs: 7
- # Of Washers: 1
- Approximate Age: Older
- Built Before 1978 (Y/N): Yes
- Directions: Foster to Damen then south to property
- Electric Expense: 1080
- Electric Expense Source: Owner Projection
- Fuel Expense: 7800
- Fuel Expense Source: Owner Projection
- Gross Income: 152760
- Gross Rent Multiplier: 7
- Gross Scheduled Income: 152760
- Heat/Ventilation: Central Bldg Heat, Radiators
- Information: 24-Hr Notice Required
- Insurance Expense: 5000
- Insurance Expense Source: Owner Projection
- Main Type: Commercial Sale
- Maintenance Expense: 1000
- Operating Expense: 18500
- Tax Annual Amount: 25000
- Tax Year: 2023
- Total Monthly Income: 12730
- Trash Expense: 2424
- Trash Expense Source: Owner Projection
- Type Multi-Family: Corridor-Exterior Entrance
- Water Expense Source: Owner Projection
- Water Sewer Expense: 1208
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