9 bedroom house for sale
$1,175,000 - Chicago IL 60647Chicago IL 60647
9 bedroom house for sale
- Beds: 9
- Baths: 4
- Price: $1,175,000
- Reference No.: 69638122
Overview
Exceptionally well-located legal 4 unit steps to West end of 606 trail, 1 mile to Healy Metra, 1.5 miles to California Blue line, and everything Logan. Offers multiple investment objectives as investor or end user. Unit mix offers (1) 3 bedroom 1 bath and (3) 2 bedroom 1 bath. Individual gas forced heat and central air, separate hot water tanks, newer kitchens and baths, hardwood floors, huge yard and in unit laundry make these units very desirable. Current Gross Monthly Income $7, 400.00; Annual Income is currently $88, 800 with increasing the rents at the next lease renewals, the building should be grossing closer to $96, 000. Current Net Operating Income is about $73, 000. Property was completely gut rehabbed with plans and permits about 11 years ago and is fully stabilized with 3 leases expiring June, July and August 2024 and 1 unit MTM providing an opportunity to increase rents. At lease renewals, rents should be: Unit G $1, 800 Unit 1 $2, 350 with a garage parking space Unit 2 $2, 350 with a garage parking space Unit 3 $2, 300 Total Monthly goes from current amount of $7, 400 to $8, 800; Taking the yearly gross to $105, 600 making the NOI closer to $90, 000. Zoning Certificate 4 units. Don't miss out on this money maker and make your appointment today. For more details and to contact: https://realtyww.info/homes_chicago-d523258/for-sale_i69638122Disclaimer
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
Disclaimer
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2024-03-24, Viewed 0 times.
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