La Grange, IL 60525,15 S Spring AVE
La Grange, IL 60525,15 S Spring AVE
La Grange, IL 60525,15 S Spring AVE
La Grange, IL 60525,15 S Spring AVE
La Grange, IL 60525,15 S Spring AVE
La Grange, IL 60525,15 S Spring AVE
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$1,700,000

$1,850,000

8.1%
Est.Price: ?

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Est. payment /mo

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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Midwest Real Estate Data (MRED) IDX
Listed by William Butusov • Charles Rutenberg Realty of IL
Bought with John Warren • Second City Real Estate
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