Rents have increased to provide a buyer with a 10.3% CAP Rate on this ideal investment opportunity. This meticulously maintained, 3-unit apartment building is fully occupied, with 2 long-term tenants, and bringing in over $20K per year in NOI. The two 1st floor units feature spacious living rooms and hardwood floors throughout living room and both bedrooms; units offer a large eat-in kitchen with ceramic tile floors. The 2nd floor unit has private entrance, large living room and extra large bedroom with eat in kitchen and newer carpeting. Property has central heat and A/C. Both A/C units are approx. 10 years old and function as intended. Tenants pay their own electric and gas - all separately metered. Sale includes 3 refrigerators, 3 stoves and washer/dryer. PROPERTY IS NOT APPROVED FOR FHA FINANCING -- ONLY CASH OR CONVENTIONAL FINANCING. Property is in great condition, but will be sold "AS-IS". Property has already passed village inspection. Previous deals fell through due to buyers financing.
11703236
Residential - Multi-Family, Bungalow
5
3
1949
Cook
0.07
Acres
Public
Brick
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
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