Address Not Available By Request

    Chicago, IL 60618
    • $1,275,000
    • STATUS: Active Under Contract
    • ON SITE: 83 days
    • MLS #: 10088805
    Under Contract
    UPDATED: 59 min ago
    $1,275,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1886
    County:

    School Ratings & Info

    Description

    Huge heart of Logan Square legal 6 unit moneymaker. Property features (3) two bedroom simplexes, (1) one bedroom loft, (1) four bedroom duplex, and (1) two bedroom live/work triplex. All units feature refinished hardwood floors, updated kitchens and baths, separate gas heaters and hot water tanks, but no a/c or laundry. Great value add opportunity. Over 7000 sf of rented space in 3-1/2 story all brick front building and single story all brick rear coach house. Nets over 100K as is for cap rate of 8.3% with plenty of room for growth. Positive cash flow from day one. Property is fully leased to excellent tenants through 2019. Low expenses. Many recent capital improvements such as new roofs, tuckpointing, electric service. Great location just two blocks from the Blue Line entrance and the epicenter of all of the hot Logan Square action keeps these units in demand. Excellent cash flow in booming area. Agent owned.

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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: 2018-12-13T11:51:36.997.

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    www.tsgre.com/homes/87722890

    Address Not Available By Request Chicago, IL 60618

    • Price: $1,275,000
    • Status: Active Under Contract
    • Updated: 59 min ago
    • MLS #: 10088805
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1886
    Built
    Neighborhood:
    Chi - Avondale
    County:
    Cook
    Area:
    Chi - Avondale
    Property Description
    Huge heart of Logan Square legal 6 unit moneymaker. Property features (3) two bedroom simplexes, (1) one bedroom loft, (1) four bedroom duplex, and (1) two bedroom live/work triplex. All units feature refinished hardwood floors, updated kitchens and baths, separate gas heaters and hot water tanks, but no a/c or laundry. Great value add opportunity. Over 7000 sf of rented space in 3-1/2 story all brick front building and single story all brick rear coach house. Nets over 100K as is for cap rate of 8.3% with plenty of room for growth. Positive cash flow from day one. Property is fully leased to excellent tenants through 2019. Low expenses. Many recent capital improvements such as new roofs, tuckpointing, electric service. Great location just two blocks from the Blue Line entrance and the epicenter of all of the hot Logan Square action keeps these units in demand. Excellent cash flow in booming area. Agent owned.
    Exterior Features

    Construction Brick Foundation Stone Frontage Access City Street Lot Dimensions 24X123 Number Of Parking Spaces 0

    Interior Features

    Air Conditioning None Basement Description Unfinished 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 4 Number Of Bedrooms Unit4 2 Number Of Full Bathrooms Type1 1 Number Of Full Bathrooms Type2 1 Number Of Full Bathrooms Type3 2 Number Of Full Bathrooms Type4 1 Number Of Ranges 6 Number Of Refrigs 6 Number Of Rooms Unit Five 0 Number Of Rooms Unit Four 7 Number Of Rooms Unit Six 0 Number Of Rooms Unit1 4 Number Of Rooms Unit2 3 Number Of Rooms Unit3 6 Number Of Rooms Unit7 0 Number Of Stories 3.5 Number Of Units Apt Type1 3 Number Of Units Apt Type2 1 Number Of Units Apt Type3 1 Number Of Units Apt Type4 1 Number Of Units Apt Type5 0 Number Of Units Apt Type6 0 Number Of Units Apt Type7 0 Repairs Decor Expense 1670

    Property Features

    Age Older Built Before1978 YN Yes Contingency Flag Attorney/Inspection Current Use Residential-Multi-Family Electric Expense Source Actual Electrical Service 201-600 Amps Electricity Expense 867 Expense Year 2017 Exterior Building Type Brick Fuel Expense 0 Gross Rental Income Amount 11724 Heat Ventilation Forced AirGasHot WaterSeparate Per Unit Insurance Expense 2246 Insurance Expense Source Actual Janitor Expense 0 Known Encumbrances None Known Monthly Income Max1 1250 Monthly Income Max2 1300 Monthly Income Max3 2650 Monthly Income Max4 2150 Net Oper Income Amount 10622 Net Operating Income Year 2017 Other Expenses 0 Owners Assoc YN No Possession Tenant's Rights Potential Use CondominiumResidential-Multi-Family Sale Terms Conventional Tax Year 2017 Taxes 4348 Tenant Pays ElectricHeatHot Water Total Annual Exp 11014 Total Annual Expense Source Actual Total Annual Income 117240 Total Monthly Income 9770 Township Jefferson Type Multi Family Flats Unincorporated YN No Utilities To Site Sanitary Sewer To SiteWater-Municipal Water Expense 1541 Water Expense Source Actual Zoning Type Multi

    Listing information © 2018 Midwest Real Estate Data LLC.
    Listing provided courtesy of Fomo Homes Inc..


    © 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: 2018-12-13T11:51:36.997.

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