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$ 1,800,000
Est. payment | /mo
25 Beds
25 Baths
16,000 SqFt
$ 1,800,000
Est. payment | /mo
25 Beds
25 Baths
16,000 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 16,000 sqft
Price per Sqft $112
Bedrooms 25
Full Baths 25
Property Description
25 Units: All 1 bedroom / 1 bathroom
Building Size: Approx. 16,250 square feet, 3 stories
Year Built: 1928, Class C building
Lot Size: 0.16 acres
Occupancy: 19 occupied, 6 vacant
Zoning: RS-3
Improvements: ~$160,825
Cap Rate: 10%
Income
Monthly Rent (Total): $24,166
Annual Gross Income: $290,000
Expenses
Electric: $3,247/year
Gas: $6,595/year
Garbage: $6,382/year
Water & Sewer: $2,200/year
Management Fee: $10,000/year
Insurance: $15,000
Total Expenses: $39,024/year
Net Operating Income (NOI)
Annual NOI: $250,976
Valuation (Using 10% Cap Rate)
Estimated Purchase Price: $2,487,760
Building Size: Approx. 16,250 square feet, 3 stories
Year Built: 1928, Class C building
Lot Size: 0.16 acres
Occupancy: 19 occupied, 6 vacant
Zoning: RS-3
Improvements: ~$160,825
Cap Rate: 10%
Income
Monthly Rent (Total): $24,166
Annual Gross Income: $290,000
Expenses
Electric: $3,247/year
Gas: $6,595/year
Garbage: $6,382/year
Water & Sewer: $2,200/year
Management Fee: $10,000/year
Insurance: $15,000
Total Expenses: $39,024/year
Net Operating Income (NOI)
Annual NOI: $250,976
Valuation (Using 10% Cap Rate)
Estimated Purchase Price: $2,487,760
Location
State IL
County Cook
Listed by Angel Zhang • Michael Kang