7,191 sq ft;
lot: 6098 sq ft lot
Commercial: Multi Family 5+ - MLS# 12515749
Tools & Resources:
Description
Impressive 8-unit property, above grade 6 units and featuring two additional basement apartments for added income potential. Each of the six main units offers 2 bedrooms, a large living room, a separate dining area, and a partly enclosed back porch ideal for additional storage. The basement includes one 2-bedroom and one 1-bedroom apartment. Each unit has separate central heating, and there are 6 parking spaces for convenience. The property also features a newer porch and is located near shopping, parks, public transportation, and area amenities. Situated in the desirable West Ridge neighborhood, this solid multifamily building provides strong income and long-term stability - an excellent opportunity to expand your investment portfolio.
Features
- Property Type: Commercial
- Sub Type: Multi Family 5+
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60659
- Year Built: 1925
- Sq.Ft.: 7,191 sq ft
- Stories: 3
- Units: 8 units
- Lot Size: 6098 sq ft lot
- Zoning: MULTI
- Approximate Age: Older
- Building Area Total: 7191
- Built Before 1978 (Y/N): Yes
- Cap Rate: 7.74
- Construction Materials: Brick, Concrete
- Directions: Devon Ave to Washtenaw Ave, South to the building
- Electric: Circuit Breakers
- Electric Expense: 1200
- Electric Expense Source: Owner Projection
- Expense Year: 2025
- Foundation Details: Concrete Perimeter
- Fuel Expense: 3600
- Fuel Expense Source: Owner Projection
- Gross Income: 142800
- Gross Rent Multiplier: 9.77
- Gross Scheduled Income: 142800
- Heat/Ventilation: Central Heat/Indiv Controls, Forced Air
- Information: List Broker Must Accompany, 48-Hr Notice Required
- Insurance Expense: 4400
- Insurance Expense Source: Owner Projection
- Lot Size Square Feet: 6187
- Main Type: Commercial Sale
- Manager Expense Source: OP
- Operating Expense: 34850
- Other Expense Source: Owner Projection
- Outdoor Parking: 6-12 Spaces
- Repairs-Decor Expense Source: Owner Projection
- Tax Annual Amount: 16047.93
- Tax Year: 2023
- Tenant Pays: Air Conditioning, Electricity, Heat
- Total Annual Expense Source: Owner Projection
- Total Monthly Income: 11900
- Trash Expense: 3000
- Trash Expense Source: Owner Projection
- Type Multi-Family: Flats
- Water Expense Source: Owner Projection
- Water Sewer Expense: 6600
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