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Key Details
Sold Price $600,000
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 7,500 sqft
Price per Sqft $80
MLS Listing ID 11657428
Sold Date 04/18/24
Year Built 1957
Annual Tax Amount $15,227
Tax Year 2021
Lot Size 0.500 Acres
Lot Dimensions 155 X 130
Property Description
CASH COW WITH POSSIBLE RENT INCREASES TOO!! 5 UNIT LARGE SOLID BRICK TOWNHOUSE BUILDING REMODELED 2016. NEW ROOF IN 2020. FOUR 3-BEDROOMS AND ONE LARGE 2-BEDROOM UNIT ALL WITH FINISHED BASEMENTS, 2 FULL BATHS, FENCED BACK & FRONT YARD, ASSIGNED PARKING SPACES. NEWER APPLIANCES INCLUDING WASHER AND DRYER IN EACH UNIT. EACH UNIT HAS OWN METER FOR THE UTILITIES. UPGRADED ELECTRIC AND PLUMBING. NEWER CENTRAL AIR. INSPECTED AND UP TO CODE WITH CITY. NEW DRAIN TILE ON ALL BASEMENT AND NEW SUMP PUMPS, NEW WINDOWS INCLUDING NEW UP TO CODE BASEMENT EGRESS WINDOW ON ALL UNITS. GREAT CAP RATE. LOT TO THE NORTH & SOUTH ARE BOTH INCLUDED. TOTAL 7 PINS. CERTIFIED SECTION 8. INCREASE RENT TO 2024 HUD APPROVED RENT FOR SECTION 8 ($1820 FOR 3 BEDS, $1430 FOR 2 BEDS = TOTAL MONTHLY POTENTIAL INCOME OF $8,710) - SEE ATTACHED FROM HUD USER. SELLER REQUESTS FLEXIBLE CLOSING WITH 1031 EXCHANGE.
Location
State IL
County Lake
Zoning MULTI
Interior
Cooling Central Air
Fireplace Y
Exterior
Utilities Available Sanitary Sewer, Water-Municipal
View Y/N true
Roof Type Membrane,Reflective Coating
Building
Foundation Concrete Perimeter
Structure Type Brick
Others
HOA Fee Include None
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Artur Barkan • KOMAR
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