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    1524 W Garfield Boulevard

    Chicago, IL 60609
    • $895,000
    • STATUS: Active
    • ON SITE: 70 days
    • MLS #: 11008422
    $895,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1914
    County:

    School Ratings & Info

    Description

    Brand New Gut Rehabbed 8 unit in Back of the yards!! Property is completely turnkey with all 8 units rented with quality tenants and in place leases. This is an IN PLACE 10 CAP!!! Renovations include but are not limited to : all new mechanicals (plumbing, electrical, and HVAC), all units have new and separate furnaces, common areas upgrades, new kitchens and baths, new electrical service, new appliances and more!! All work completed with permits, plans, and a full C of O from the city. Large building with a good unit mix of 4 x 2 bedrooms, 3 x 3 bedrooms, and 1 x 4 bedroom. There are 3 duplex down units and 5 simplexes. This is a true turn-key property that is unrivaled by anything else on the market. This is for serious long-term investors that understand the value in quality construction and asset stability. Buildings of this quality are positioned for lifelong investors looking for consistency and financial stability. This turn-key asset has professional management in place and can remain in place after the sale.

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    © 2021 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 Ani Real Estate. Based on information submitted to the MRED as of 2021-05-11T23:52:03.69 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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    1524 W Garfield Boulevard Chicago, IL 60609

    • Price: $895,000
    • Status: Active
    • MLS #: 11008422
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    1914
    Built
    Neighborhood:
    Chi - New City
    County:
    Cook
    Area:
    Chi - New City
    Property Description
    Brand New Gut Rehabbed 8 unit in Back of the yards!! Property is completely turnkey with all 8 units rented with quality tenants and in place leases. This is an IN PLACE 10 CAP!!! Renovations include but are not limited to : all new mechanicals (plumbing, electrical, and HVAC), all units have new and separate furnaces, common areas upgrades, new kitchens and baths, new electrical service, new appliances and more!! All work completed with permits, plans, and a full C of O from the city. Large building with a good unit mix of 4 x 2 bedrooms, 3 x 3 bedrooms, and 1 x 4 bedroom. There are 3 duplex down units and 5 simplexes. This is a true turn-key property that is unrivaled by anything else on the market. This is for serious long-term investors that understand the value in quality construction and asset stability. Buildings of this quality are positioned for lifelong investors looking for consistency and financial stability. This turn-key asset has professional management in place and can remain in place after the sale.
    Exterior Features

    Frontage Type City Street Parking Total 0

    Interior Features

    Heat Ventilation Forced AirSeparate Per Unit Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Unit1 4 Number Of Bedrooms Unit2 2 Number Of Bedrooms Unit3 0 Number Of Bedrooms Unit4 0 Number Of Full Bathrooms Type1 2 Number Of Full Bathrooms Type2 1 Number Of Rooms Unit Five 0 Number Of Rooms Unit Four 0 Number Of Rooms Unit Six 0 Number Of Rooms Unit1 6 Number Of Rooms Unit2 4 Number Of Rooms Unit3 0 Number Of Rooms Unit7 0 Number Of Units Apt Type1 3 Number Of Units Apt Type2 3 Number Of Units Apt Type3 0 Number Of Units Apt Type4 0 Number Of Units Apt Type5 0 Number Of Units Apt Type6 0 Number Of Units Apt Type7 0

    Property Features

    Additional Parcels YN No Built Before1978 YN Yes Cap Rate 10 Current Use Multi-Family Electric Expense 720 Expense Year 2021 Exterior Building Type Brick Fuel Expense 840 Gross Income 119604 Gross Scheduled Income 119604 Insurance Expense 5000 Janitor Expense 780 Lot Size Dimensions 35X130 Maintenance Expense 900 Monthly Income Max1 0 Monthly Income Max2 800 Net Operating Income Year 2020 Operating Expense 29172 Other Expense 2388 Owners Assoc YN No Tax Annual Amount 9508 Tax Year 2019 Tenant Pays ElectricityHeat Total Monthly Income 9967 Trash Expense 960 Type Multi Family FlatsOther Water Sewer Expense 2700 Zoning Multi

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Halsted Taylor Real Estate.


    © 2021 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 Ani Real Estate. Based on information submitted to the MRED as of 2021-05-11T23:52:03.69 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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    Chicago IL, 60611