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Main Category: IL Illinois > Residential
  Multi Family: 29 Units and 5 stores Item ID: 100357  
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Multi Family: 29 Units and 5 stores

for USD 700,000.00
[ Convert ]
Price USD 700,000.00
Quantity 1
Listed On Jun. 06, 2016 22:04:32
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: 29 Units-5store fts/ 12@ 2BR,12@1BR
Address: 8259 S Evans Ave, Chicago, Il 60619
Yr Built: Lvng space : 27,196
Neighborhood: Chatham Parking: Street parking
Brick/stone building on corner, requires rehab on 10 apts
with minimum cosmetic repairs to other apts. Nearby schools,
shopping, public transportation and parks. Lots of regeneration
of the area with new businesses coming into
area.

Purchase Price: $700,000 (Have property Mgr in place)
Rehab/Upgrades: $160,000 (Contractor ready to start)
Comps in area up to $1.2M
Revenue: $252,500 ( at 90% full, can be higher w Sect 8)
Expenses: $68,500
NOI: $184,000
CAP RATE: 20%
The property is ready to close with clear Title
Requires $10K EM ASAP (wiring instructions available)


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Multi Family: 29 Units and 5 stores
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The poster, SamA38671, assumes all responsibility for the contents of this listing

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