6500-08 S Ingleside Avenue
Chicago, IL 60637

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Description

6500-6508 S. Ingleside Ave. for sale. The offering consists of (4) luxury, new construction 3 unit buildings consisting of all 3 BD/2 BA layouts with condo quality finishes. The properties are being offered for sale individually or in a package of 2, 3, or 4. The units feature high end engineered hardwood flooring throughout, quartz countertops, designer cabinetry, stainless steel appliances, washer/dryer in unit and central heat and air. The units have individual furnaces and water tanks. Primary bathrooms come appointed with stand up showers and each bedroom has ample closet space. Each unit also has dedicated gated parking in the rear of the property. The subject investment presents qualified investors the opportunity to acquire a turn key, brand new, high end condo quality product with the ability to achieve rents at the top of the rental market in the fast appreciating Woodlawn

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60637
• Year Built: 2022
• Stories: 3
• Units: 12 units
• # Of Dishwashers: 12
• # Of Dryers: 12
• # Of Washers: 12
• Additional Parcels: Yes
• Approximate Age: 1-6 Years
• Cooling: Central Air
• Directions: PROPERTY ADDRESS 6500-08 S Ingleside Ave Chicago, IL 60637 MAJOR INTERSECTION Ingleside Ave. & 65th St.
• Electric Expense: 2160
• Fuel Expense: 500
• Gross Income: 311700
• Gross Rent Multiplier: 11.9
• Gross Scheduled Income: 31170
• Heat/Ventilation: Forced Air
• Information: 24-Hr Notice Required, List Broker Must Accompany
• Insurance Expense: 5568
• Janitor Expense: 3000
• Main Type: Commercial Sale
• Maintenance Expense: 3000
• Operating Expense: 38273
• Other Expense: 3000
• Tax Annual Amount: 48000
• Tax Year: 2024
• Tenant Pays: Electricity
• Total Monthly Income: 2597
• Trash Expense: 1440
• Type Multi-Family: Condo/Townhouse
• Water Sewer Expense: 4800