3654-58 Lawrence Avenue

    Chicago, IL 60625
    • $1,300,000
    • STATUS: Active
    • ON SITE: 89 days
    • MLS #: 10456732
    UPDATED: 12 min ago
    $1,300,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,436
      SQFT
    • $138
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1928
    County:

    School Ratings & Info

    Description

    7.89% Cap Rate, 9.85% GRM and $102,529 NOI in Albany Park, East of Pulaski. This corner brick 2 story building features 2 retail stores consist of 4150 in total SF, 8 apartments: 1 (3/1), 5 (2/1), and 2 (1/1). All 8 residential units are leased to long term tenants (way below market rent), all units have central heating and window AC units, 10' ceilings. M & J Liquor's & T&B restaurant's leases are good through 8/23 & 1/24 respectively, central HVAC units for these two retail stores & unfinished basement. Newer Roof. Note that, Seller owns the restaurant kitchen equipments and refrigerations. 58x125 lot size. 2017 property tax was only $10,671. Upgrades are needed to maximize rental incomes. Perfect for investors who are looking to buy and hold, or a good value-added investment.

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    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Mattz Mega Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2019-10-17T15:52:48.607 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    www.themattzgroup.com/homes/97069434

    3654-58 Lawrence Avenue Chicago, IL 60625

    • Price: $1,300,000
    • Status: Active
    • Updated: 12 min ago
    • MLS #: 10456732
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    9,436
    SQFT
    $138
    $/SQFT
    1928
    Built
    Neighborhood:
    Chi - Albany Park
    County:
    Cook
    Area:
    Chi - Albany Park
    Property Description
    7.89% Cap Rate, 9.85% GRM and $102,529 NOI in Albany Park, East of Pulaski. This corner brick 2 story building features 2 retail stores consist of 4150 in total SF, 8 apartments: 1 (3/1), 5 (2/1), and 2 (1/1). All 8 residential units are leased to long term tenants (way below market rent), all units have central heating and window AC units, 10' ceilings. M & J Liquor's & T&B restaurant's leases are good through 8/23 & 1/24 respectively, central HVAC units for these two retail stores & unfinished basement. Newer Roof. Note that, Seller owns the restaurant kitchen equipments and refrigerations. 58x125 lot size. 2017 property tax was only $10,671. Upgrades are needed to maximize rental incomes. Perfect for investors who are looking to buy and hold, or a good value-added investment.
    Exterior Features

    Construction BrickConcrete Foundation Concrete Frontage Access City Street Location CornerMixed Use Area Lot Dimensions 7275 Lot Sq Ft 7250 Number Of Parking Spaces 0 Roof Structure Flat

    Interior Features

    Air Conditioning Central AirWindow Unit/S Fire Protection Carbon Monoxide Detector(S) Number Of Apts 8 Number Of Offices 0 Number Of Ranges 9 Number Of Refrigs 9 Number Of Stores 2 Number Of Stories 2

    Property Features

    Age Older Built Before1978 YN Yes Current Use Commercial Electric Expense Source Owner Projection Electrical Service Circuit Breakers Electricity Expense 700 Estimated Cam SF .71 Expense Year 2018 Exterior Building Type Brick Fuel Expense 600 Fuel Expense Source Owner Projection Geographic Locale Chicago Northwest Gross Rental Income Amount 132000 Heat Ventilation Forced AirGas Insurance Expense 4000 Insurance Expense Source Owner Projection Lease Type Gross Monthly Rental Price 11000 Net Oper Income Amount 10252 Net Operating Income Year 2018 Number Of Tenants 10 Number Of Window Ac 8 Other Expense Source Owner Projection Other Expenses 6000 Owners Assoc YN No Possession Closing Rental Price 15 Tax Year 2017 Taxes 10671 Tenant Pays ElectricHeat Total Annual Exp 29471 Total Annual Expense Source Owner Projection Total Annual Income 132000 Total Monthly Income 11000 Township North Chicago Utilities To Site Electric To SiteGas To Site Water Expense 7000 Water Expense Source Owner Projection Zoning Type Commr

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Dream Town Realty.


    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Mattz Mega Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2019-10-17T15:52:48.607 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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    Orland Park IL, 60467