Courtesy of: Michael Scanlon, eXp Realty, michael.scanlon@exprealty.com
Courtesy of: Michael Scanlon, eXp Realty, michael.scanlon@exprealty.com
$350,000
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13 bed
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7.00 Bath (7 Full)
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Lot: 0.13 Acres
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Other
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$350,000
201 E 25th Street Pursuant to short sale; subject to lender approval. 7-unit brick multifamily in Chicago Heights, offered at $350, 000 ($50, 000 per unit) well below fair market value. Unit mix is three 3BR/1BA, two 2BR/1BA and two 1BR/1BA. Four of seven units currently pay rent, totaling $5, 150/month, a 7.14% cap rate on current collections. One unit is vacant and two are occupied but not currently paying. With all seven units leased at market rent ($9, 300/month), pro forma NOI is $68, 315, a 19.52% cap rate at list price. Each unit has its own gas forced-air furnace and gas meter, and tenants pay heat. Detached two-car garage on a separate PIN, concrete drive and fenced yard. Current annual tax bill is $9, 619. Full offering memorandum with rent roll, financials and comps available on request.
Courtesy of: Michael Scanlon, eXp Realty, michael.scanlon@exprealty.com
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