1900 S Throop Street
Chicago, IL 60608

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Description

This unique opportunity presents a 12-unit prime investment property located in Pilsen, Chicago. This turnkey, income-generating asset, is a rare find, as it is fully rented and currently yielding strong cash flow. The property is situated in close proximity to universities, hospitals, parks, local shops, and restaurants. Furthermore, it is surrounded by new construction and condominium conversions, which enhances its appeal as an investment. This presents an ideal armchair investment-providing a hassle-free opportunity in a rapidly developing area.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60608
• Year Built: 1871
• Stories: 3
• Units: 12 units
• Basement: Exterior Entry, Other
• Zoning: MULTI
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Cap Rate: 7.8
• Construction Materials: Brick
• Directions: Racine West on 19th St., to 1900 S. Throop
• Electric: Circuit Breakers, Separate Meters
• Electric Expense: 2280
• Electric Expense Source: Actual
• Expense Year: 2024
• Foundation Details: Concrete Perimeter
• Fuel Expense Source: Actual
• Gross Income: 223800
• Gross Rent Multiplier: 10.3
• Gross Scheduled Income: 223800
• Heat/Ventilation: Wall Unit, Space Heaters
• Insurance Expense: 2400
• Insurance Expense Source: Actual
• Janitor Expense: 600
• Known Encumbrances: None Known
• Land Amenities: Children's Play Yard, Sidewalks
• Main Type: Commercial Sale
• Maintenance Expense: 9300
• Misc Outside: Storms and Screens (as exist)
• Operating Expense: 25980
• Other Expense: 1200
• Other Expense Source: Actual
• Ownership Type: Individual
• Repairs-Decor Expense Source: Actual
• Roof: Rubber
• Roof Structure: Flat
• Sewer: Storm Sewer
• Tax Annual Amount: 18625.81
• Tax Year: 2023
• Tenant Pays: Electricity, Heat
• Total Annual Expense Source: Actual
• Total Monthly Income: 18650
• Township: South Chicago
• Trash Expense: 2400
• Trash Expense Source: Actual
• Type Multi-Family: Corridor-Interior Entrance
• Utilities: Sewer Connected, Water Available
• Water Expense Source: Actual
• Water Sewer Expense: 8400