503-507 Dorchester Court

    Roselle, IL 60172
    • $3,100,000
    • STATUS: Active Under Contract
    • ON SITE: 168 days
    • MLS #: 10002334
    Under Contract
    $3,100,000
    • 0
      BEDS
    • 2.95
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1985
    County:

    School Ratings & Info

    Description

    Rare opportunity to get a 24 unit, multi-family apartment building in Roselle! Great return on investment - highly rentable area. 100% Occupied - Fully Rented! Ten units are 1 bed, 14 units are 2 beds. NEW Roof, NEW Gutters & NEW Fascia in 2018, NEW Railings in 2018. Exterior newly painted in 2018. 3 parking lots for the building - provides ample parking spaces for tenants! Rents could be raised with units more updated. Note: one tenant is a handy man who keeps an eye on the building in exchange for a discount on the rent (he is paid for actual repairs). This is a large rental complex where the rent for the same 1 bedroom model is $1000-1050; the rent for a 2 bedroom, same model, more updated, is $1250-1350. Tenants pay their own heat, AC & electricity. "Other" expenses are for snow removal, lawn mowing & security system. Coin laundry in building - provides additional revenue not included in rent roll. Units are all in good working order. Excellent cash flow. Make an offer today!

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    © 2018 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 the MLS or Touchstone Group. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Touchstone Group are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. 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. Data last updated: 2018-12-14T23:51:12.963.

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    www.tsgre.com/homes/85170731

    503-507 Dorchester Court Roselle, IL 60172

    • Price: $3,100,000
    • Status: Active Under Contract
    • MLS #: 10002334
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.95
    Acres
    1985
    Built
    Neighborhood:
    Waterbury
    County:
    DuPage
    Area:
    Keeneyville / Roselle
    Property Description
    Rare opportunity to get a 24 unit, multi-family apartment building in Roselle! Great return on investment - highly rentable area. 100% Occupied - Fully Rented! Ten units are 1 bed, 14 units are 2 beds. NEW Roof, NEW Gutters & NEW Fascia in 2018, NEW Railings in 2018. Exterior newly painted in 2018. 3 parking lots for the building - provides ample parking spaces for tenants! Rents could be raised with units more updated. Note: one tenant is a handy man who keeps an eye on the building in exchange for a discount on the rent (he is paid for actual repairs). This is a large rental complex where the rent for the same 1 bedroom model is $1000-1050; the rent for a 2 bedroom, same model, more updated, is $1250-1350. Tenants pay their own heat, AC & electricity. "Other" expenses are for snow removal, lawn mowing & security system. Coin laundry in building - provides additional revenue not included in rent roll. Units are all in good working order. Excellent cash flow. Make an offer today!
    Exterior Features

    Frontage Access City Street Lot Dimensions 219' X 399' X 260' X 723' Lot Sq Ft 128301 Number Of Parking Spaces 36

    Interior Features

    Air Conditioning Window Unit/S Miscellaneous Inside Inside Corridor/SLaundry Room Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Type7 0 Number Of Bedrooms Unit1 2 Number Of Bedrooms Unit2 1 Number Of Bedrooms Unit3 0 Number Of Bedrooms Unit4 0 Number Of Full Bathrooms Type1 1 Number Of Full Bathrooms Type2 1 Number Of Ranges 24 Number Of Refrigs 24 Number Of Rooms Unit Five 0 Number Of Rooms Unit Four 0 Number Of Rooms Unit Six 0 Number Of Rooms Unit1 5 Number Of Rooms Unit2 4 Number Of Rooms Unit3 0 Number Of Rooms Unit7 0 Number Of Stories 2 Number Of Units Apt Type1 14 Number Of Units Apt Type2 10 Number Of Units Apt Type3 0 Number Of Units Apt Type4 0 Number Of Units Apt Type5 0 Number Of Units Apt Type6 0 Number Of Units Apt Type7 0 Outdoor Parking 31-50 Spaces Repairs Decor Expense 0

    Property Features

    Age 26-35 Years Built Before1978 YN No Contingency Flag Attorney/Inspection Current Use Residential-Multi-Family Electric Expense Source Actual Electricity Expense 2350 Expense Year 2018 Exterior Building Type BrickFrame Fuel Expense 2131 Fuel Expense Source Actual Gross Rental Income Amount 30495 Heat Ventilation Wall UnitSeparate Per Unit Insurance Expense 6992 Insurance Expense Source Actual Janitor Expense 2160 Janitor Expense Source Actual Miscellaneous Outside Balcony/IesPatio Monthly Income Max1 1285 Monthly Income Max2 1085 Net Oper Income Amount 23156 Net Operating Income Year 2018 Other Expense Source Owner Projection Other Expenses 4204 Owners Assoc YN No Possession Closing Sale Terms Conventional Tax Year 2017 Taxes 38568 Tenant Pays Air ConditioningElectricHeat Total Annual Exp 73391 Total Annual Expense Source Combination Total Annual Income 304956 Total Monthly Income 25413 Township Bloomingdale Type Multi Family Corridor-Interior Entrance Unincorporated YN No Utilities To Site Sanitary Sewer To SiteSewer-Storm AvailableWater-Municipal Water Expense 12978 Water Expense Source Actual Zoning Type Multi

    Listing information © 2018 Midwest Real Estate Data LLC.
    Listing provided courtesy of Executive Realty Group Llc.


    © 2018 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 the MLS or Touchstone Group. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Touchstone Group are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. 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. Data last updated: 2018-12-14T23:51:12.963.

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