1758 E 72nd Street
Chicago, IL 60649

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Description

Great buy-and-hold opportunity for an experienced investor familiar with IDHA or nonprofit partnerships. The property includes a regulatory agreement with an AMI requirement, while still offering strong value-add potential and long-term cash flow.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60649
• Year Built: 1928
• Sq.Ft.: 9,240 sq ft
• Stories: 3
• Units: 6 units
• Lot Size: 6970 sq ft lot
• # Of Ranges: 6
• # Of Refrigs: 6
• Approximate Age: Older
• Building Area Total: 9240
• Built Before 1978 (Y/N): Yes
• Cap Rate: 10
• Construction Materials: Brick
• Directions: From Stony Island Ave., head East on 72nd St. destination will be on your left
• Electric Expense: 7200
• Electric Expense Source: Combination
• Expense Year: 2024
• Foundation Details: Concrete Perimeter
• Fuel Expense: 8400
• Fuel Expense Source: Broker Projection
• Gross Income: 67200
• Gross Rent Multiplier: 5.4
• Gross Scheduled Income: 85248
• Heat/Ventilation: Central Bldg Heat
• Indoor Parking: 1-5 Spaces
• Information: 48-Hr Notice Required
• Insurance Expense: 1500
• Insurance Expense Source: Combination
• Janitor Expense: 6000
• Lot Size Square Feet: 7175
• Main Type: Commercial Sale
• Maintenance Expense: 1000
• Operating Expense: 28500
• Other Expense Source: Combination
• Ownership Type: General Partnership
• Roof: Tar/Gravel
• Roof Structure: Flat
• Tax Annual Amount: 3818.04
• Tax Year: 2023
• Tenant Pays: Electricity, Heat
• Total Annual Expense Source: Combination
• Total Monthly Income: 7400
• Trash Expense: 4800
• Trash Expense Source: Owner Projection
• Type Multi-Family: Corridor-Interior Entrance
• Water Expense Source: Combination
• Water Sewer Expense: 4000