11432 S Indiana Avenue
Chicago, IL 60628

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Description

Beautiful seven-unit investment opportunity in the Roseland Neighborhood. Property located blocks away from shopping, transportation and schools. VALUE ADD opportunity. Property has had some updates such as apartments, new windows, new hot water tanks. Tremendous opportunity for increases in future income through cosmetic apartment renovations.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active Under Contract
• County/Area: Cook County
• Zip Code: 60628
• Year Built: 1925
• Sq.Ft.: 8,960 sq ft
• Stories: 3
• Units: 7 units
• Lot Size: 6534 sq ft lot
• Zoning: MULTI
• # Of Dryers: 1
• # Of Ranges: 7
• # Of Refrigs: 7
• # Of Washers: 1
• Approximate Age: Older
• Building Area Total: 8960
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick
• Directions: 115th Street to Indiana, North to address
• Electric Expense: 600
• Electric Expense Source: Actual
• Expense Year: 2025
• Foundation Details: Concrete Perimeter
• Fuel Expense: 3000
• Fuel Expense Source: Actual
• Gross Income: 100800
• Gross Rent Multiplier: 5.6
• Gross Scheduled Income: 42660
• Heat/Ventilation: Radiators
• Information: List Broker Must Accompany, No Sign on Property
• Insurance Expense: 4044
• Insurance Expense Source: Actual
• Janitor Expense: 600
• Main Type: Commercial Sale
• Misc Outside: Security Gate, Storms and Screens (as exist)
• Operating Expense: 25297
• Outdoor Parking: 1-5 Spaces
• Ownership Type: Individual
• Roof: Rubber
• Roof Structure: Flat
• Tax Annual Amount: 6627.25
• Tax Year: 2023
• Tenant Pays: Electricity
• Total Annual Expense Source: Combination
• Total Monthly Income: 3555
• Township: Hyde Park
• Trash Expense: 1500
• Trash Expense Source: Actual
• Type Multi-Family: Corridor-Interior Entrance
• Water Expense Source: Actual
• Water Sewer Expense: 1500