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    6100 W Miami Avenue

    Chicago, IL 60646
    • $675,000
    • STATUS: Active Under Contract
    • ON SITE: 22 days
    • MLS #: 11062328
    Under Contract
    UPDATED: 69 min ago
    $675,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1959
    County:

    School Ratings & Info

    Description

    Norwood Park Brick 5-unit building now available. This well-maintained property features: Three 2 bedroom/1 bath units and Two 1 bedroom/1 bath units. Building is in good condition, new items include rear porches & water heater (both in 2018). Other major components previously updated include roof (9 yrs), boiler (11 yrs), tuckpointing (14 yrs), vinyl windows, as well as kitchen cabs updated as-needed within the last 5-10 yrs. Leases on 4/5 units, 1 unit MTM. Upside opportunity to raise rents at lease renewal. Projected rents of $5,700/mo would deliver 6.3% CAP (current $5,100/mo). Easy to manage building ideal for local self-managed owner. Coin laundry and separate tenant storage in basement. Great opportunity to buy in a rock-solid Northwest side location. Schedule your appt today! SEE INCOME & EXPENSED IN ADD'L INFO TAB.

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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 2021-05-14T23:52:21.077 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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    6100 W Miami Avenue Chicago, IL 60646

    • Price: $675,000
    • Status: Active Under Contract
    • Updated: 69 min ago
    • MLS #: 11062328
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1959
    Built
    Neighborhood:
    Chi - Norwood Park
    County:
    Cook
    Area:
    Chi - Norwood Park
    Property Description
    Norwood Park Brick 5-unit building now available. This well-maintained property features: Three 2 bedroom/1 bath units and Two 1 bedroom/1 bath units. Building is in good condition, new items include rear porches & water heater (both in 2018). Other major components previously updated include roof (9 yrs), boiler (11 yrs), tuckpointing (14 yrs), vinyl windows, as well as kitchen cabs updated as-needed within the last 5-10 yrs. Leases on 4/5 units, 1 unit MTM. Upside opportunity to raise rents at lease renewal. Projected rents of $5,700/mo would deliver 6.3% CAP (current $5,100/mo). Easy to manage building ideal for local self-managed owner. Coin laundry and separate tenant storage in basement. Great opportunity to buy in a rock-solid Northwest side location. Schedule your appt today! SEE INCOME & EXPENSED IN ADD'L INFO TAB.
    Exterior Features

    Construction Materials Brick Foundation Details Concrete Perimeter Frontage Type City Street Land Amenities Children's Play YardCurbs And GuttersLighting/ExteriorSecurity EntranceSidewalksCable Ready Location CornerWater ViewPublic Transport Avail Miscellaneous Outside CourtyardStorms And Screens (As Exist) Outdoor Parking 1-5 Spaces Parking Total 3 Roof Rubber Roof Structure Flat

    Interior Features

    Basement Description Unfinished Cooling None Electric Circuit Breakers201-600 Amps Heat Ventilation Central Bldg HeatHot Water Miscellaneous Inside Storage Inside Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Unit1 2 Number Of Bedrooms Unit2 1 Number Of Bedrooms Unit3 0 Number Of Bedrooms Unit4 0 Number Of Dryers 1 Number Of Full Bathrooms Type1 1 Number Of Full Bathrooms Type2 1 Number Of Ranges 5 Number Of Refrigs 5 Number Of Rooms Unit Five 0 Number Of Rooms Unit Four 0 Number Of Rooms Unit Six 0 Number Of Rooms Unit1 5 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 2 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 Number Of Washers 1

    Property Features

    Additional Parcels YN Yes Association Fee Includes None Built Before1978 YN Yes Cap Rate 5.2 Current Use Multi-Family Electric Expense 180 Expense Year 2020 Exterior Building Type Brick Fuel Expense 3720 Gross Income 61200 Gross Scheduled Income 61200 Insurance Expense 3000 Janitor Expense 0 Known Encumbrances First Mortgage Lot Size Dimensions 94X122X155 Maintenance Expense 2400 Monthly Income Max1 1250 Monthly Income Max2 1000 Net Operating Income Year 2020 Operating Expense 25786 Other Expense 0 Owners Assoc YN No Possible Use Multi-Family Tax Annual Amount 11266 Tax Year 2019 Tenant Pays Air ConditioningElectricity Total Monthly Income 5100 Trash Expense 1320 Type Multi Family Flats Unincorporated YN No Utilities Water-Municipal Washer Dryer Leased YN No Water Sewer Expense 3900 Zoning Multi

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Keller Williams Onechicago.


    © 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 2021-05-14T23:52:21.077 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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