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$ 1,800,000
Est. payment | /mo
25 Beds
25 Baths
16,250 SqFt
$ 1,800,000
Est. payment | /mo
25 Beds
25 Baths
16,250 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 16,250 sqft
Price per Sqft $110
Bedrooms 25
Full Baths 25
Year Built 1928
Lot Size 0.373 Acres
Property Description
25 Units: All 1 bedroom / 1 bathroom units — clean, uniform mix that simplifies management
Building Size: Approx. 16,250 square feet, 3 stories
Year Built: 1928, Class C building
Lot Size: 0.16 acres
Occupancy: 100% occupied — immediate income stream
Zoning: RS-3
Property Tax Assessment:
Land: ~$19,375
Units: 26
Cap Rate: 10%
Income
Monthly Rent (Total): $22,520.00
Annual Gross Income: $270,240.00
Expenses
Electric: $900.00/year
Gas: $7,800.00/year
Garbage: $4,714.92/year
Management Fee (7% of rent): $18,916.80/year
Total Expenses: $32,331.72/year
Net Operating Income (NOI)
Annual NOI: $237,908.28
Valuation (Using 10% Cap Rate)
Estimated Purchase Price: $2,379,083.00
Improvements: ~$160,825
Total Assessment: ~$180,200
Building Size: Approx. 16,250 square feet, 3 stories
Year Built: 1928, Class C building
Lot Size: 0.16 acres
Occupancy: 100% occupied — immediate income stream
Zoning: RS-3
Property Tax Assessment:
Land: ~$19,375
Units: 26
Cap Rate: 10%
Income
Monthly Rent (Total): $22,520.00
Annual Gross Income: $270,240.00
Expenses
Electric: $900.00/year
Gas: $7,800.00/year
Garbage: $4,714.92/year
Management Fee (7% of rent): $18,916.80/year
Total Expenses: $32,331.72/year
Net Operating Income (NOI)
Annual NOI: $237,908.28
Valuation (Using 10% Cap Rate)
Estimated Purchase Price: $2,379,083.00
Improvements: ~$160,825
Total Assessment: ~$180,200
Location
State IL
County Cook
Listed by Michael Kang • Spacematch Inc.
676 N Michigan Ave. Ste 3010, Chicago, IL, 60611, United States