1130 S Albany Avenue
Chicago, IL 60612

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Description

Recently updated 6 flat in rapidly appreciating North Lawndale steps from beautiful Douglas Park. Tenants enjoy newer back porches, central heat and being near the highway, Blue Line, and the park. The roof is ~15 years old, and porches are about 5 years old. Value add opportunity, selling As-Is. Some improvements are as follow. New 1in copper ran in basement. New 3/4 copper risers ran into units. 3 units have been remodeled. Upgraded electrical service. New water tank for unit 2f.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60612
• Year Built: 1915
• Stories: 3
• Units: 6 units
• Basement: Unfinished
• Zoning: MULTI
• # Of Ranges: 5
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Directions: Roosevelt to Whipple, NO to Fillmore, E to Albany and S to address
• Electric: Circuit Breakers, Service - 101 to 200 Amps
• Electric Expense: 600
• Fuel Expense: 600
• Gross Income: 50400
• Gross Rent Multiplier: 8.9
• Gross Scheduled Income: 31741
• Heat/Ventilation: Forced Air
• Information: 24-Hr Notice Required, List Broker Must Accompany
• Insurance Expense: 2400
• Insurance Expense Source: Broker Projection
• Main Type: Commercial Sale
• Maintenance Expense: 1000
• Operating Expense: 18659
• Other Expense: 1200
• Other Expense Source: Broker Projection
• Repairs-Decor Expense Source: Broker Projection
• Tax Annual Amount: 4500
• Tax Year: 2023
• Tenant Pays: Electricity, Heat
• Total Annual Expense Source: Broker Projection
• Total Monthly Income: 4200
• Type Multi-Family: Flats
• Water Expense Source: Broker Projection
• Water Sewer Expense: 3000