6721 175th Street
Tinley Park, IL 60477

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Description

Truly turn key operation 2 solid all brick 10unit building on one lot, right in the heart of tinley park. Owned for over 30 years and well cared for. Newer, roof complete tear off 30 yr architectural shingle, windows, doors, boilers with tecmar control, plumbing and landings. Fully occupied All units are in very nice condition with refinished hardwood floor, updated kitchens and bathrooms. Appliances and ac are also newer. Plenty of off street parking. Added value rents are currently $1100 per unit Could easily be $1200-$1300

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60477
• Year Built: 1960
• Stories: 2
• Units: 20 units
• Basement: Crawl Space
• Zoning: MULTI
• # Of Dryers: 1
• # Of Ranges: 20
• # Of Refrigs: 20
• # Of Washers: 1
• Approximate Age: 36-50 Years
• Built Before 1978 (Y/N): Yes
• Cap Rate: 6.4
• Construction Materials: Brick
• Cooling: Wall Sleeve
• Directions: oakpark av to 175th east two blocks
• Electric: Circuit Breakers, Separate Meters, Service - 0 to 100 Amps
• Electric Expense: 3814
• Expense Year: 2024
• Fire Protection: Other, Carbon Monoxide Detector(s)
• Foundation Details: Concrete Perimeter
• Fuel Expense: 8304
• Gross Income: 255180
• Gross Rent Multiplier: 10.3
• Gross Scheduled Income: 258840
• Heat/Ventilation: Central Bldg Heat, Gas, Hot Water, Baseboard
• Information: 24-Hr Notice Required
• Insurance Expense: 8400
• Main Type: Commercial Sale
• Maintenance Expense: 2247
• Operating Expense: 78502
• Other Expense: 1587
• Outdoor Parking: 19-30 Spaces
• Roof Structure: Pitched
• Tax Annual Amount: 44209
• Tax Year: 2024
• Tenant Pays: Air Conditioning, Electricity
• Total Annual Expense Source: Actual
• Total Monthly Income: 21265
• Township: Bremen
• Trash Expense: 2955
• Type Multi-Family: Flats
• Water Sewer Expense: 6864