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4111 N Bernard Avenue N

Chicago, IL 60618
  • $950,000
  • STATUS: Active Under Contract
  • ON SITE: 19 Days
  • MLS #: 11475163
Under Contract
$950,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1929
County:

School Ratings & Info

Description

Very well maintained brick 3 story building located on a lovely side street in Irving Park neighborhood. Big 50' lot with parking for 6 cars in the rear. All units are 6 rooms with spacious living rooms, formal dining rooms, cabinet kitchens, 2 bedrooms plus additional rear porch off one of the bedrooms and one bath. Hardwood floors through most living, dining and bedrooms. Newer steam boiler and hot water tank. Plenty of storage and large laundry room. Extra studio type apartment in basement, laundry and parking for additional income. Future condo conversion potential. Long term tenants and very long time owner kept rents well below market value and property still shows near a 6% cap rate. All month to month tenants.

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Touchstone Group. Based on information submitted to the MRED as of 2022-08-14T23:58:31.683 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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4111 N Bernard Avenue N Chicago, IL 60618

  • Price: $950,000
  • Status: Active Under Contract
  • On Site: 19 Days
  • MLS #: 11475163
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1929
Built
Neighborhood:
Chi - Irving Park
County:
Cook
Area:
Chi - Irving Park
Property Description
Very well maintained brick 3 story building located on a lovely side street in Irving Park neighborhood. Big 50' lot with parking for 6 cars in the rear. All units are 6 rooms with spacious living rooms, formal dining rooms, cabinet kitchens, 2 bedrooms plus additional rear porch off one of the bedrooms and one bath. Hardwood floors through most living, dining and bedrooms. Newer steam boiler and hot water tank. Plenty of storage and large laundry room. Extra studio type apartment in basement, laundry and parking for additional income. Future condo conversion potential. Long term tenants and very long time owner kept rents well below market value and property still shows near a 6% cap rate. All month to month tenants.
Exterior Features

Exterior Building Type Brick Foundation Details Concrete Perimeter Frontage Type City Street Land Amenities Lighting/ExteriorSidewalks Outdoor Parking 6-12 Spaces Parking Total 6 Roof RubberTar And Gravel Roof Structure Flat

Interior Features

Basement UnfinishedExterior AccessStorage Space Heat Ventilation GasSteam Miscellaneous Inside Storage InsideLaundry Room Number Of Dryers 2 Number Of Ranges 6 Number Of Washers 2

Property Features

Additional Parcels YN Yes Approximate Age Older Association Fee Includes None Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show Yes Current Use Multi-Family Electric Circuit BreakersSeparate MetersService - 0 To 100 Amps Gross Income 87600 Gross Scheduled Income 87600 Insurance Expense 4388 Location Public Transport Avail Maintenance Expense 0 Mls Actual Status Contingent Net Operating Income 54056 Operating Expense 33544 Ownership Types Individual Possible Use CondominiumMulti-Family Seller Needs CashOut Of Management Tax Annual Amount 17568 Tax Year 2020 Tenant Pays Electricity Total Monthly Income 6900 Township Jefferson Type Multi Family 5+ Zoning Multi

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Compass.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Touchstone Group. Based on information submitted to the MRED as of 2022-08-14T23:58:31.683 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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Touchstone Group
2308 W North Avenue #C1
Chicago IL, 60647