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Main Category: IL Illinois > Residential
  Multi - 7 Units: 4 unit/ and SFH (plus 2 garden) Item ID: 100355  
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Multi - 7 Units: 4 unit/ and SFH (plus 2 garden)

for USD 312,000.00
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Price USD 312,000.00
Quantity 1
Listed On Jun. 06, 2016 21:26:37
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: 7
Units: 4 unit/ and SFH (plus 2 garden)
Address: 2435 and 2441 New St, Blue Island Ill 60406
Yr Built: 1 Lvng: 7,500/ Lot 8,500
Area: down town Parking: Parking pad for 8 in back
Brick/stone building on corner, Package includes the 4 unit plus
SFH next door fully occupied. Add 2 large garden apts in high
ceiling bsmt and remove boiler with new individual heating to
increase revenue significantly. New roof/windows/tuck pointing
and enclosed porch with new stairs. Impeccable condition

Purchase Price: $312,000 (Have property Mgr in place)
Rehab/Upgrades: $88,000 (Contractor ready to start)
Total Inv: $400,000
Revenue: $74430 (can be higher w Sect 8)
Expenses: $22,690
NOI: $51,740
CAP RATE: 12.5%
The property is ready to close with clear Title
Requires $5K EM ASAP (wiring instructions available)

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Multi - 7 Units: 4 unit/ and SFH (plus 2 garden)
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The poster, SamA38671, assumes all responsibility for the contents of this listing

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