Commercial: Multi Family 5+ - MLS# 12534074
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Description
Introducing 2916 w 25th place a legal 5 unit property with an all-brick 4-unit building in the front and a coach house in the rear. Conveniently located close to all that little village has to offer. It is perfect for either an owner-occupant or an investor. this property is a fantastic investment. The building is commuter-friendly, with nearby shopping, dining, and recreational options. It's within walking distance to schools and public transportation, and just minutes from I-55 and I-290, providing easy access to downtown. this is an amazing income maker that is professionally managed grossing nearly 54k a year will all unit rented below market and room to raise rents significantly without doing much of anything. This is the unique multi-unit property you've been searching for!
Features
- Property Type: Commercial
- Sub Type: Multi Family 5+
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60623
- Year Built: 1888
- Stories: 3
- Units: 5 units
- Zoning: MULTI
- # Of Ranges: 5
- # Of Refrigs: 5
- Approximate Age: Older
- Built Before 1978 (Y/N): Yes
- Construction Materials: Brick, Wood
- Directions: California Ave to 25th Pl west to address
- Electric Expense: 360
- Electric Expense Source: Owner Projection
- Foundation Details: Brick/Mortar
- Fuel Expense Source: Owner Projection
- Gross Income: 53940
- Gross Rent Multiplier: 9.07
- Gross Scheduled Income: 53940
- Heat/Ventilation: Gas
- Information: 48-Hr Notice Required
- Insurance Expense: 4000
- Insurance Expense Source: Owner Projection
- Janitor Expense: 750
- Lot Size Square Feet: 2880
- Main Type: Commercial Sale
- Maintenance Expense: 2500
- Operating Expense: 21947
- Other Expense: 2500
- Other Expense Source: Owner Projection
- Repairs-Decor Expense Source: Owner Projection
- Tax Annual Amount: 8237
- Tax Year: 2024
- Total Annual Expense Source: Combination
- Total Monthly Income: 4495
- Trash Expense Source: Owner Projection
- Water Expense Source: Owner Projection
- Water Sewer Expense: 3600
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