5,736 sq ft;
lot: 6098 sq ft lot
Commercial: Multi Family 5+ - MLS# 12467147
Tools & Resources:
Description
Maximize your ROI with this exceptional middle-income rental development opportunity! This solid Chicago brick building, complete with balconies, is strategically located in a transit-connected hub, blocks from Metra, Jackson Park, and the Obama Library site, and just a stone's throw from the lakefront. Though in need of a full rehab, the payoff is immense. Currently set up as six 2 Bed/1 Bath units, the exceptionally high basement provides valuable space for potential expansion and increased revenue. This isn't just any building; it's a solid masonry structure with a steel center beam, built to last, a tank of a building. Plus, enjoy the added convenience of a brick 5-car garage on the alley. Seller willing to offer seller financing for this building.
Features
- Property Type: Commercial
- Sub Type: Multi Family 5+
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60619
- Year Built: 1917
- Sq.Ft.: 5,736 sq ft
- Stories: 3
- Units: 6 units
- Lot Size: 6098 sq ft lot
- Zoning: MULTI
- Approximate Age: Older
- Building Area Total: 5736
- Built Before 1978 (Y/N): Yes
- Construction Materials: Brick
- Directions: 71st Street and stony island to 72nd place
- Electric: Circuit Breakers
- Foundation Details: Concrete Perimeter
- Gross Income: 86400
- Gross Rent Multiplier: 3.65
- Gross Scheduled Income: 7200
- Heat/Ventilation: Gas, Hot Water
- Information: List Broker Must Accompany
- Lot Size Square Feet: 6250
- Main Type: Commercial Sale
- Misc Outside: Balcony/ies, Courtyard, Security Gate
- Operating Expense: 11200
- Other Expense: 20000
- Tax Annual Amount: 3388
- Tax Year: 2023
- Total Monthly Income: 5100
- Type Multi-Family: Garden Complex
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