Cook, US
Turnkey investment opportunity in excellent Uptown area on on Montrose, just west of Clark Street. Building is currently rented by long-term tenant who is in the 2nd year or a 5-year lease renewal, which expires on January 14, 2024. Rent payments increase by 3% per year and tenant is responsible for all utilities. Tenant currently uses building for office space and meeting rooms. Building is in excellent condition with approximate NOI before debt service of $14,895.
Courtesy Of: Keller Williams Chicago-Lincoln Park
General Features
- List Date:
- 07/31/2020
Interior Features
- Agent Owned/Interest:
- No
Exterior Features and Amenities
- Area:
- CHI - Uptown
- Lot Dimensions:
- 17X92
Financial
- Listing Type:
- Exclusive Right To Sell
- Update Date:
- 2020-08-25T14:45:34
- Sale Terms:
- Conventional
- Taxes:
- 15821
- Status Date:
- 2020-08-25T14:45:34
- Possession:
- Closing
- Net Oper Income:
- $14,895.00
- Market Time:
- 51
- Listing Market Time:
- 51
- List Date Received:
- 2020-07-31T17:01:31
- Gross Rental Income:
- $32,216.00
- Contingency Flag:
- Attorney/Inspection
- Contract Date:
- 2020-08-22T05:00:00
- Cooperative Compensation:
- AS A PERCENTAGE OF THE NET SALE PRICE. THE NET SALE PRICE IS THE GROSS SALE PRICE MINUS AMOUNTS TO BE CREDITED OR PAID TO THE BUYER, AS REFLECTED IN THE INITIAL SALES CONTRACT.
Other Features
- Approx Year Built:
- 1942
- Township:
- Lake View
- Zoning Type:
- OFFIC
- Are any property photos virtually staged?:
- No
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Data last updated: 2024-11-15.
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