lot: 2614 sq ft lot
Commercial: Multi Family 5+ - MLS# 12560532
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Description
Welcome to McKinley Park. This positive cash flow 8-unit building sits two minutes away from I55 and 10 minutes away from downtown Chicago. Walking distance to Target, shopping and restaurants. This massive building host 7 two-bedroom apartments and 1 one-bedroom apartment. Unfinished attic with high ceilings and insulation for your finishing touches. All units have been updated within the last couple of years. 2 of the units have tankless water heaters and the other 6 units have new water heaters. Property also has one active laundry room with an additional room that already has plumbing set up for a second laundry area. Plenty of parking as no residential homes across the street. Several beautiful brick new construction homes on the same block and surrounding area.
Features
- Property Type: Commercial
- Sub Type: Multi Family 5+
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60608
- Year Built: 1888
- Stories: 3
- Units: 8 units
- Lot Size: 2614 sq ft lot
- Zoning: COMMR
- # Of Dryers: 1
- # Of Ranges: 8
- # Of Refrigs: 8
- # Of Washers: 1
- Approximate Age: Older
- Built Before 1978 (Y/N): Yes
- Cooling: Window Unit(s)
- Directions: South on Damen from i55, West on 33rd North to 3242 Hoyne
- Electric Expense: 362
- Gross Income: 120000
- Gross Rent Multiplier: 7.5
- Heat/Ventilation: Forced Air, Space Heaters
- Information: 24-Hr Notice Required, List Broker Must Accompany, No Sign on Property
- Insurance Expense: 10000
- Insurance Expense Source: Broker Projection
- Main Type: Commercial Sale
- Operating Expense: 15123
- Tax Annual Amount: 17258
- Tax Year: 2024
- Tenant Pays: Electricity, Heat
- Total Monthly Income: 10000
- Trash Expense: 515
- Type Multi-Family: Corridor-Exterior Entrance, Corridor-Interior Entrance
- Water Sewer Expense: 1500
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