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$700,000 Price Change

8518 West Catalpa Avenue
Chicago, IL 60656

5 units | Multi Family Home - MLS# 10455365
Property Photo
1/11

Description

NOW IS YOUR CHANCE TO OWN A 5 UNIT PROPERTY LOCATED IN A GREAT AREA AMONG OTHER MULTI FAMILY BUILDINGS. WALK TO BLUE LINE/CTA, EASY ACCESS TO I-90 AND O'HARE, LOCATION CAN'T BE BEAT!! LONGTIME TENANTS MAY WISH TO STAY, RENTS CAN DEFINITELY BE RAISED. BASEMENT HAS STORAGE AND COIN OPERATED WASHER AND DRYER WHICH OWNER COLLECTS ONCE A MONTH, STORAGE FOR EACH UNIT ALSO IN BSMT, TENANTS PAY FOR ELECTRICITY. RENT INCLUDES HEAT, WATER AND COOKING GAS. 10 PARKING SPACES SO 2 FOR EACH UNIT TANDEM, NEW WASHER 2018, TEAR OFF ROOF 2010, HALLWAYS REPAINTED 2019, NEW SMOKE DETECTORS AND FIRE EXTINGUISHER, NEW SEWER LINE PIPES TO FRONT 2018, NEW CANOPY IN FRONT 2016 THIS AWESOME INVESTMENT WILL NOT LAST LONG ON MARKET!!

Features

  • # Of Bdrms - Unit 1: 2
  • # Of Bdrms - Unit 2: 1
  • # Of Dryers: 1
  • # Of Full Bthrms - Type 1: 1
  • # Of Full Bthrms - Type 2: 1
  • # of Parking Spaces: 10
  • # Of Ranges: 5
  • # Of Refrigs: 5
  • # Of Rooms - Unit 1: 4 Rooms
  • # Of Rooms - Unit 2: 3 Rooms
  • # Of Stories: 2
  • # Of Units - Apt. Type 1: 3
  • # Of Units - Apt. Type 2: 2
  • # Of Washers: 1
  • Air Conditioning: Wall Sleeve
  • Approximate Age: Older
  • Built Before 1978 (Y/N): Yes
  • County/Area: Cook County
  • Electric Expense Source: $
  • Electrical Service: Circuit Breakers
  • Electricity Expense: $408
  • Exterior Building Type: Brick
  • Foundation: Concrete
  • Fuel Expense: $2,938
  • Fuel Expense Source: $
  • Gross Rent Multiplier: 12.5
  • Heat/Ventilation: Hot Water
  • Insurance Expense: $2,000
  • Janitor Expense: $500
  • Janitor Expense Source: $
  • Listing Status: Price Change
  • Lot Dimensions: 40 X 132
  • Misc Outside: Enclosed Stairs, Storms And Screens (As Exist)
  • Monthly Income - 1: $900
  • Monthly Income - 2: $800
  • Monthly Income Max - 1: $1,000
  • Monthly Income Max - 2: $900
  • Net Operating Income Year: $2,018
  • Other Expense Source: $
  • Other Expenses: $1,000
  • Outdoor Parking: 6-12 Spaces
  • Parking Spaces: 10
  • Property Type: Multi Family Home
  • Repairs-Decor Expense: $3,500
  • Repairs-Decor Expense Source: $
  • Roof Coverings: Shingle Composition
  • Roof Structure: Hip
  • Sq.Ft.: 4371
  • Sub Type: Multi Family 5+
  • Tax Year: 2017
  • Taxes: $9,269
  • Tenant Pays: Electric
  • Total Annual Exp: 20000
  • Total Annual Income: $58,240
  • Total Monthly Income: $4,500
  • Township: Jefferson
  • Type Multi-Family: Flats
  • Units: 5
  • Water Expense: $2,483
  • Water Expense Source: $
  • Year Built: 1967
  • Zip Code: 60656
Ginny Leamy
& The Leamy Team
103 N Haven Rd., Ste 1
Elmhurst, IL 60126
Phone: 708-205-9541
Email: ginnysells@aol.com

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GINNY LEAMY & THE LEAMY TEAM IS A TEAM OF REAL ESTATE AGENTS AFFILIATED WITH COMPASS, A LICENSED REAL ESTATE BROKER WITH A PRINCIPAL OFFICE IN CHICAGO, IL, AND ABIDES BY ALL APPLICABLE EQUAL HOUSING OPPORTUNITY LAWS. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATIONAL PURPOSES ONLY. INFORMATION IS COMPILED FROM SOURCES DEEMED RELIABLE BUT IS SUBJECT TO ERRORS, OMISSIONS, CHANGES IN PRICE, CONDITION, SALE, OR WITHDRAWAL WITHOUT NOTICE. NO STATEMENT IS MADE AS TO ACCURACY OF ANY DESCRIPTION. ALL MEASUREMENTS AND SQUARE FOOTAGES ARE APPROXIMATE. THIS IS NOT INTENDED TO SOLICIT PROPERTY ALREADY LISTED. NOTHING HEREIN SHALL BE CONSTRUED AS LEGAL, ACCOUNTING OR OTHER PROFESSIONAL ADVICE OUTSIDE THE REALM OF REAL ESTATE BROKERAGE.

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