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MLS Properties
17
$225,000 Sale
Listed 4 hours ago
273 E 148th Street IL
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Key Facts
Key facts for 273 E 148th Street IL
Property Type
Apartment
Parking
4 parking
MLS #
12800046
Size
-
Basement
Partially Finished,Full
Listed on
-
Lot size
-
Tax
$11,721.01 /yr
Days on Market
-
Year Built
1959
Maintenance Fee
-
Description
Attention Investors! This Is A Solid Brick Legal 4-Unit Plus An Additional Garden Apartment On A Double Lot In Harvey. The Unit Mix Includes Three 2-Bedroom And Two 1-Bedroom Apartments. The Roof Is Approximately 10 Years Old, And The Brick Is Solid And In Good Shape. The Building Is All Electric, W...ith 5 Separate Electric Meters And 5 Separate Water Heaters. Tenants Pay Their Own Electric, So Landlord Utility Costs Stay Low. There Is Dedicated Basement Space With Storage Lockers For Tenants, Plus Parking For 4-5 Cars In The Back. Two Units Are Currently Leased At $900 And $1,000 Per Month. Two Units Are Vacant And Ready For New Tenants: The Garden Unit, Previously Leased At $1,400/Month, And A Unit With Market Rent Of Approximately $950/Month. One Additional Unit Can Be Delivered Vacant Before Closing. At Full Occupancy, Projected Gross Income Is Approximately $5,100/Month ($61,200/Year), For A Projected 15.7% Cap Rate And A Projected 33.6% Cash-On-Cash Return (Based On 25% Down At 7.5% Interest). This Is A True Value-Add Opportunity To Stabilize The Building And Grow Your Cash Flow. Rent Roll And Expense Estimates Available Upon Request. Sold Strictly As-Is. Bring Your Investors And Your Vision!
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Listing courtesy of: eXp Realty - Chicago North Ave

Listings courtesy of MRED as distributed by MLS GRID.