lot: 9583 sq ft lot
Commercial: Multi Family 5+ - MLS# 12496838
Tools & Resources:
Description
SOUTH SHORE - FOR SALE: Beautifully maintained 20-unit multifamily property located just steps from the lake in Chicago's South Shore neighborhood. The building features twenty spacious (2BD/1BA) apartments ranging from 1,100-1,300 sq. ft., with updated interiors and hardwood floors in select units. The brand-new roof and meticulously kept common areas reflect the property's strong condition. Units' size and layout also make them well-suited for a potential condo conversion. Ideally situated near the lakefront, golf courses, parks, and hospitals. A prime opportunity to acquire a turnkey, high-quality asset with significant rent growth potential in a highly desirable location.
Features
- Property Type: Commercial
- Sub Type: Multi Family 5+
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60649
- Year Built: 1925
- Stories: 4
- Units: 20 units
- Lot Size: 9583 sq ft lot
- Approximate Age: Older
- Built Before 1978 (Y/N): Yes
- Directions: Take N Columbus Dr to US-41 S/S DuSable Lake Shore Dr/Lake Shore Dr. Follow Lake Shore Dr to E 70th St. Continue on E 70th St. Drive to S Oglesby Ave.
- Electric Expense: 2503
- Fuel Expense: 6933
- Gross Income: 235680
- Gross Rent Multiplier: 11.8
- Gross Scheduled Income: 223896
- Heat/Ventilation: Gas
- Insurance Expense: 31788
- Main Type: Commercial Sale
- Maintenance Expense: 6300
- Operating Expense: 96764
- Tax Annual Amount: 21599
- Tax Year: 2023
- Total Monthly Income: 19640
- Trash Expense: 2806
- Type Multi-Family: Corridor-Interior Entrance
- Water Sewer Expense: 12440
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