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photo of Nikki Mayer
Nikki Mayer
Hometown Real Estate
7700 W. Belmont Ave
Chicago , IL 60634
Phone:
888 317 9983
Fax:
773 664 0013
Mobile:
708 268 2313
infohometown@gmail.com

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Status: Active (For Sale)
Type: Commercial
Year Built: 1914
MLS ID: 12034189


Overview
Photos (59)
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BROKER OWNED. ***2 units of 6 are prepaid 12 months in advance; buyer will receive a substantial credit at closing for prepaid rent; See additional info for rent rolls and prepayment credit.**** Large 6 unit multi-family investment property with a large two car garage and storage spaces for rent in garage. The property's interiors have been renovated since purchase in 2015. Building is fully occupied with paying long term tenants. Apartment rents total $10,050 per month, the parking spaces rent for a total of $225 per month, storage spaces currently renting for total of $365 per month, so the building collects a grand total of $10,640 per month. Additionally, the owner holds a total of $11,250 in security deposits. Owner of building pays for water, common electric and garage electric. Tenants pay for their own gas heat, cooking gas, water heat, and electric. In 2023 the owner replaced all roofing, as well as the hardy board siding from ground level to 6 ft height around the perimeter of the building plus foam board insulation, and fully gutted and rehabbed the largest unit in the building in 2024- a 4 bedroom 2 bathroom (one new full bath was added), installed insulation in ceilings around the building, and added a master walk-in closet to the south lower level unit. Given the substantial rents collected every month, this is a great property for any investor! see photos and additional info.

Courtesy Of: Skydan Real Estate Sales, LLC


Feature Highlights


  • Broker Owned/Interest
  • Built Before 1978

General Features


List Date:
04/24/2024

Interior Features


Basement Description:
Crawl,Cellar

Exterior Features and Amenities


Lot Size Dimensions:
5626

Financial


Days On Market:
116
Tax Annual Amount:
$15,253.00
Tax Year:
2022


Directions


Cicero avenue to 31st West to 50th Court, and South to property

Availability Calendar


- Available - Unavailable

Rental Rates


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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of MRED LLC. Real Estate listings held by brokerage firms other than Hometown Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data last updated: 2024-09-21
.

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The information presented here is deemed reliable, though not guaranteed.
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