$1,700,000
$1,850,000
8.1%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 01/17/2020
Key Details
Sold Price $1,700,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10588860
Sold Date 01/17/20
Maintenance Fees $10,300
Year Built 1930
Annual Tax Amount $18,144
Tax Year 2018
Lot Dimensions 50 X 136
Property Sub-Type Multi Family 5+
Property Description
Opportunity knocks for an investor to purchase a Solid 11 Unit Residential Multi-Family Property. Superb La Grange location next to the Stone Avenue BNSF Metra Station. 10 of 11 units have been remodeled with new Kitchen Cabinets, Granite Counters, Newly Refinished Hardwood Flooring, plumbing fixtures, light fixtures, ceiling fans & more. Bathrooms are a blend of original and modern with new fixtures. Everything looks great in the building including new entryway stairs & railings. Common area hallways have been painted, hardwoods exposed and refinished and look great. The building has a very nice feel. This deal will not last on the market very long. Expenses include Management, Leasing, Vacancy Factor and Reserves. Look no further. This is a Quintessential Multi-Family Deal designed with consideration of Commercial Financing. Closing credits are available for any loose ends. If you are in a 1031 exchange, there is an assumable debt piece of 700k +/- at below-market interest rates. Otherwise, the building has been priced to allow for adequate cash-flow and a significant first-year ROI.
Location
State IL
County Cook
Area La Grange
Zoning MULTI
Interior
Cooling Window Unit(s)
Fireplace N
Building
Level or Stories 3
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Bought with John Warren • Second City Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "