4418 W Armitage Avenue
Chicago, IL 60639

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Description

Six units with separate HVAC, Utilities, and in unit W/D. Three (3) 2 Flat buildings on a single PIN, LOT SIZE 50 X 125. Separate Utilities For All Units. In Unit Washer Dryer in 5/6 Units. 4/6 units have hardwood or LVP flooring throughout. Other recent capital expenditures include 2 fully rehabbed apartments, new gutters in front building, newly installed in W/D in 4 units, and updated hallways. 4418 #1 Front features 2 bedrooms 1 bathroom with high ceilings, and can easily be converted into a 3 bed unit. Second floor in front building (4418-2F) has already been converted to 3 bedrooms 1 bathroom. The 2 rear buildings are each comprised of (2) 2 bed 1 bath apartments. Both units in the 4416 building have been fully rehabbed with new flooring, paint, cabinets, quartz counters. Security fence throughout the entire exterior.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60639
• Year Built: 1891
• Stories: 2
• Units: 6 units
• Basement: Unfinished
• # Of Ranges: 6
• # Of Refrigs: 6
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Cap Rate: 7.09
• Construction Materials: Wood, Vinyl Siding
• Directions: West of Pulaski Ave and East of Cicero Ave
• Electric: Circuit Breakers, Separate Meters
• Electric Expense: 420
• Gross Income: 100500
• Gross Rent Multiplier: 10.2
• Gross Scheduled Income: 100500
• Heat/Ventilation: Central Heat/Indiv Controls, Forced Air
• Information: 24-Hr Notice Required
• Insurance Expense: 6000
• Insurance Expense Source: Broker Projection
• Main Type: Commercial Sale
• Maintenance Expense: 3000
• Misc Outside: Patio, Security Gate
• Operating Expense: 27789
• Roof: Composition
• Tax Annual Amount: 13929.2
• Tax Year: 2024
• Tenant Pays: Electricity, Heat, Hot Water
• Total Annual Expense Source: Combination
• Total Monthly Income: 8375
• Trash Expense: 2640
• Trash Expense Source: Broker Projection
• Type Multi-Family: Flats
• Water Expense Source: Broker Projection
• Water Sewer Expense: 1800