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Main Category: IL Illinois > Residential
  8 tenants Lots of upside on creating additional office spaces within property. Item ID: 100353  
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8 tenants Lots of upside on creating additional office spaces within property.

for USD 190,000.00
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Price USD 190,000.00
Quantity 1
Listed On Jun. 06, 2016 20:20:32
Duration Unlimited
Status Open
Poster Information
SamA38671 (0) GMSG_VERIFIED_SELLER
Registered since Jul. 16, 2013
in United States
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Description
Multi Family: 8 Unit Units: 2 store fts/ 6@ 2BR
Address: 622-24 W 79th ST Chicago, Il 60620
Yr Built: 1889 Lvng: 5,196 / Lot 2,500
Area: Auburn Hts Parking: Plenty of street parking
Brick/stone building on corner, requires rehab on 2 apts
with cosmetic repairs to other 4 apts. Near schools
police station, shopping with public trans bus stop in
front of building. 6 of 8 units occupied. Lots of new
construction around this property.

Purchase Price: $190,000 (Have property Mgr in place)
Rehab/Upgrades: $42,000 (Contractor ready to start)
Total Inv: $230,000
Revenue: $69,600 (can be higher w Sect 8)
Expenses: $16,662
NOI: $52,938
CAP RATE: 22.8%
The property is ready to close with clear Title
Requires $1K EM ASAP (wiring instructions available)


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8 tenants Lots of upside on creating additional office spaces within property.
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The poster, SamA38671, assumes all responsibility for the contents of this listing

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