BEDS0
BATHS
SQUARE FEET5,000
MLS#12802371
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Pursuant to short sale; subject to lender approval. 7-unit brick multifamily in Chicago Heights, offered at $350,000 ($50,000 per unit) well below fair market value. Unit mix is three 3BR/1BA, two 2BR/1BA and two 1BR/1BA. Four of seven units currently pay rent, totaling $5,150/month, a 7.14% cap rate on current collections. One unit is vacant and two are occupied but not currently paying. With all seven units leased at market rent ($9,300/month), pro forma NOI is $68,315, a 19.52% cap rate at list price. Each unit has its own gas forced-air furnace and gas meter, and tenants pay heat. Detached two-car garage on a separate PIN, concrete drive and fenced yard. Current annual tax bill is $9,619. Full offering memorandum with rent roll, financials and comps available on request.
Property Features
Property Type: Multi Unit - Multiple
Lot Size: 0.13 Acres
Stories: 2.0
Taxes: $19,334
Year Built: 1925
Feature Descriptions
Current Use: Legal Non Conforming, Multi-Family
Drains: Courtyard, Enclosed Stairs
Electric: Circuit Breakers
Exterior: Brick
Foundation: Block
Frontage Type: City Street, Public Road
HVAC: Forced Air, Gas, Separate Per Unit
Lot Dimensions: 5846
Miscellaneous Outdoor: Courtyard, Enclosed Stairs
Parcel#: 32281150340000
Potential Use: Multi-Family
Tenant Pays: Electricity, Heat
Units: 7
Listed By / Shown By
Listed By
Agency Name: eXp Realty
Agency Phone: 888-574-9405
Shown By
Agent Name: Tina Tendall & Amanda Clark
Agent Phone: (815) 623-5555
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 3,303.06 per month $1,589.81 Principal & Interest $1,611.17 Property Tax $102.08 Homeowner's InsuranceChange Payment Information
Tina Tendall & Amanda Clark
Office: (815) 623-5555
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201 E 25th Street | MLS# 12802371
This multi-family property located at 201 E 25th Street, Chicago Heights, IL 60411 is currently listed for sale with an asking price of $350,000. Search Chicago Heights real estate on tina-tendall-amanda-clark.gogambino.com today.