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Listed by Moses Cruz • HomeSmart Connect LLC
$1,095,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12435260
Year Built 1899
Annual Tax Amount $5,736
Tax Year 2023
Lot Dimensions 50x118x50x118 & 25x118x25x118
Property Sub-Type Multi Family 5+
Property Description
Fully leased well maintained 8-unit building in prime location the Woodlawn area, 3 blocks away from university hospital and 1 mile from the Obama center. This 8-unit building offers six-3 bedrooms 1 bath, and two-2-bedrooms 1 bath. The two 2-bedroom units are handicap accessible. This building was rehabbed from the studs to the roof 30 years ago. Tenants pay their own gas and electricity. Current Cap rate is 7.98 with cap rate projection of 10.02 & projected GRM of 8.31. Vacant lot adjacent(south) to this building is included with the sale.
Location
State IL
County Cook
Rooms
Basement Finished
Interior
Cooling Central Air
Fireplace Y
Exterior
Utilities Available Sewer Connected
View Y/N true
Building
Water Municipal Water
Structure Type Brick,Stone
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Joanna Lewkowicz
Designated Managing Broker | Owner | 471.018027 471018027
+1(708) 226-4848 | joanna@boutiquehomerealty.com