$1,525,000
Address not disclosed Evanston, IL 60201
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$1,525,000
Est. payment /mo
9,583 Sqft Lot
UPDATED:
11/01/2024 01:09 AM
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 12066603
Year Built 1962
Annual Tax Amount $27,060
Tax Year 2023
Lot Size 9,583 Sqft
Lot Dimensions 82' X 118.1'
Property Description
This California-style, multi-family building is comprised of 14 one-bedroom units with individual, exterior doors for each unit. The Gross Scheduled Income is about $188,000 per year and a 6.3% CAP Rate. Excellent value-add opportunity: new owner can upgrade the heating system, roof, individual units, and management to create short-term and long-term gains. ------ Seller had supply-line risers, ground-level horizontals, and mechnical room hot/cold lines replaced with new copper in 2022. The common utility area contain the older gas-boiler, 9 year-old water heater, individual electric meters, storage lockers, and management-owned coin-operated washers and dryers. There are at least 11 parking spaces, but there is enough room to improve the parking ratio to 1:1. Ask Listing Agent for the latest roof information. ------ Buyers and buyer's reps will be required to complete and sign a short questionnaire and confidentiality agreement to gain access to more details, interior photographs, and in-person showings. ------ Showings will be available on July 10th from 3-4PM. Please contact agent by email to register for access.
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling Wall Sleeve
Fireplace N
Exterior
Utilities Available Sanitary Sewer, Water-Municipal, Water to Site
View Y/N true
Roof Type Membrane
Building
Foundation Concrete Perimeter
Structure Type Brick
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Robert Parris • Manchester Realty
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Joanna Lewkowicz
Designated Managing Broker | Owner | 471.018027 471018027
+1(708) 226-4848 | joanna@boutiquehomerealty.com