https://postlets.com/posts/10726814/
For Sale Details
Price
$850,000
HOA/Maintenance
--
For Sale By
Agent/Broker
Property Details
Property Type
Multi-Family
Bedrooms
9+
Bathrooms
9+
# Units
13
Square Feet
12,000
Lot Size
11,250 Square Feet
Number of Floors
2
Year Built
1922
Parking Spaces
None
Parking Type
--
Laundry
Shared
Property Description
Property Title
13+BR/13+BA Multi-Family - Chicago
Property Description
SOUTH AUSTIN! GREAT INVESTMENT OPPORTUNITY TO OWN THIS 13 UNIT APARTMENT BUILDING PROPERTY AVAILABLE NOW! THIS PROPERTY CONTAINS 2 BUILDING, SIDE BY SIDE! BOTH ARE 2 STORY BRICK BUILDINGS WITH GARDEN APARTMENTS! COIN LAUNDRY! BUILDING STORAGE! BUILDING CONTAINS 12 - 2 BEDROOM / 1 BATHROOM APARTMENTS WITH REAR OPEN WOOD PORCHES! AND 1 - 1 BEDROOM / 1 BATHROOM APARTMENT! ALL APARTMENTS HAVE REAL HARDWOOD AND TILE FLOORS! TALL CEILINGS! LOTS OF STREET PARKING! CLOSE TO JACKSON CTA BUS LINE! LANDLORD PAYS WATER AND GARBAGE. ALL APARTMENTS HAVE CENTRAL HEATING FURNACE AND HOT WATER TANKS. ALL UTILITIES ARE SEPARATED. MOST UNITS HAVE FORMAL LIVING ROOMS AND DINING ROOMS! 2013 NEW HALL CARPETS! 2013 TUCKPOINTING! 2004 WINDOWS! REFINISHED WOOD FLOORS! 2007 1-75 GALLON AND 2 - 50 GALLON HOT WATER TANKS! 2015 WATER FLOW VALVE! JULY 2014 JACKSON ROOF! JUNE 2006 LOCKWOOD ROOF! 2005 COPPER PLUMBING! 2005 CENTRAL HEATING SYSTEMS!
ALL NEW 1200AMP & 400 AMP ELECTRICAL SERVICE! ALL NEW 2005 COPPER PLUMBING! NEW TUCKPOINTING! NEWER WINDOWS AND PORCHES, HALLWAYS, KITCHEN AND BATHROOMS! NEWLY SANDED WOOD FLOORS! ALL UNITS WITH NEW FORCED AIR AND CENTRAL HEAT SYSTEMS BUT NO A/C!
CAP RATE: 13.85%
GROSS RENT MULTIPLIER: 7.22
OCCUPANCY: 100%
FINANCIAL SUMMARY
ACTUAL YEAR: 2014
SCHEDULE GROSS INCOME: $117,300
EFFECTIVE GROSS INCOME: $117,760
OPERATING EXPENSES: $21,896
NET OPERATING INCOME: $95,864
PRE-TAX CASH FLOW: $40,700
48 HR. NOTICED REQUIRED!
TENANT PROVIDE WINDOW A/C
TENANT PAYS GAS AND ELECTRIC
TYPICAL UNIT VIDEO:
https://www.youtube.com/watch?v=PHhaQATQZBg
https://www.youtube.com/watch?v=Ym9YWy-p75U
GARDEN APARTMENT VIDEO:
NOT AVAILABLE
LOT DIMENSIONS
FRONT BUILDING - 60' WIDE X 60' DEEP
REAR BUILDING - 40' WIDE X 50' DEEP
FRONT YARD - 10X60
LOT SIZE - 61' WIDE X 124' DEEP
LOT SQ FT - 7,619
LOT ACRES - 0.1749
CHECK OUT THE VIDEO IF AVAILABLE AND GIVE ME A CALL FOR A SHOWING IF YOU STILL WANT TO SEE THE APARTMENT.
FOR ADDITIONAL FINANCIAL INFORMATION PLEASE CALL
VICTOR M. LOPEZ
BROKER ASSOCIATE / REALTOR / NOTARY PUBLIC
C: 630-660-1292
HP REALTY, INC.
3313 W. FULLERTON AVENUE
CHICAGO, IL 60647
O: 773-292-9292
F: 773-292-9282
http://vmlprop.postlets.com
http://www.buyhotproperty.com
http://www.youtube.com/user/vmlprop1
http://yourplacechicago.com
https://www.facebook.com/HpRealtyInc
LOOKING TO BUY A CONDO OR HOUSE? HOMEBUYERS CHECK OUT
http://myplaceinchicago.com
QUALIFICATIONS:
1 year lease minimum
1 month security deposit
Credit Check Required $50/person
Employment and Landlord Verification
Required
Pet OK WITH $800 pet deposit
Tenant pays gas and electric
ALL NEW 1200AMP & 400 AMP ELECTRICAL SERVICE! ALL NEW 2005 COPPER PLUMBING! NEW TUCKPOINTING! NEWER WINDOWS AND PORCHES, HALLWAYS, KITCHEN AND BATHROOMS! NEWLY SANDED WOOD FLOORS! ALL UNITS WITH NEW FORCED AIR AND CENTRAL HEAT SYSTEMS BUT NO A/C!
CAP RATE: 13.85%
GROSS RENT MULTIPLIER: 7.22
OCCUPANCY: 100%
FINANCIAL SUMMARY
ACTUAL YEAR: 2014
SCHEDULE GROSS INCOME: $117,300
EFFECTIVE GROSS INCOME: $117,760
OPERATING EXPENSES: $21,896
NET OPERATING INCOME: $95,864
PRE-TAX CASH FLOW: $40,700
48 HR. NOTICED REQUIRED!
TENANT PROVIDE WINDOW A/C
TENANT PAYS GAS AND ELECTRIC
TYPICAL UNIT VIDEO:
https://www.youtube.com/watch?v=PHhaQATQZBg
https://www.youtube.com/watch?v=Ym9YWy-p75U
GARDEN APARTMENT VIDEO:
NOT AVAILABLE
LOT DIMENSIONS
FRONT BUILDING - 60' WIDE X 60' DEEP
REAR BUILDING - 40' WIDE X 50' DEEP
FRONT YARD - 10X60
LOT SIZE - 61' WIDE X 124' DEEP
LOT SQ FT - 7,619
LOT ACRES - 0.1749
CHECK OUT THE VIDEO IF AVAILABLE AND GIVE ME A CALL FOR A SHOWING IF YOU STILL WANT TO SEE THE APARTMENT.
FOR ADDITIONAL FINANCIAL INFORMATION PLEASE CALL
VICTOR M. LOPEZ
BROKER ASSOCIATE / REALTOR / NOTARY PUBLIC
C: 630-660-1292
HP REALTY, INC.
3313 W. FULLERTON AVENUE
CHICAGO, IL 60647
O: 773-292-9292
F: 773-292-9282
http://vmlprop.postlets.com
http://www.buyhotproperty.com
http://www.youtube.com/user/vmlprop1
http://yourplacechicago.com
https://www.facebook.com/HpRealtyInc
LOOKING TO BUY A CONDO OR HOUSE? HOMEBUYERS CHECK OUT
http://myplaceinchicago.com
QUALIFICATIONS:
1 year lease minimum
1 month security deposit
Credit Check Required $50/person
Employment and Landlord Verification
Required
Pet OK WITH $800 pet deposit
Tenant pays gas and electric
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