$1,525,000
$1,600,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
8,000 SqFt
SOLD DATE : 05/13/2022
Key Details
Sold Price $1,525,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $190
MLS Listing ID 11312935
Sold Date 05/13/22
Maintenance Fees $1,890
Year Built 1921
Annual Tax Amount $31,276
Tax Year 2020
Lot Dimensions 50 X 125
Property Sub-Type Multi Family 5+
Property Description
Fully rented and renovated 8 unit building that generates excellent cash flow. Desirable location in the Harrison Arts District, close to Blue Line, expressway, shops and restaurants. Extensive 1 year, full renovation on top 3 floors in 2013, included new electric, plumbing, kitchens, baths, porches, roof etc. There are 6, 2 bedroom, 1 bath units that feature open kitchen dining rooms, private 12 x 12 outdoor decks, in-unit washer/dryers, individual furnaces and central air. Both garden units were built out in 2019 and include individual furnaces and washer/dryers. Exposed brick interior common area, storage lockers, landscaped backyard and 4 car garage. Additional village parking behind the building. Listing agent has an interest in the property. Fully permitted with drawings included for new owners. 2021 Gross rental income: $172,860. 2021 Expenses including insurance and property taxes: $46,020. 2021 Net income: $126,840
Location
State IL
County Cook
Area Oak Park
Zoning MULTI
Interior
Cooling Central Individual, Exhaust Fan
Fireplace N
Exterior
Utilities Available Water-Municipal
Roof Type Membrane, Reflective Coating
Building
Level or Stories 4
Structure Type Brick
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Bought with Leigh Ann Hughes • Compass
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "