Unique opportunity to acquire cash flowing asset that realizes 10% cap rate with offered chance to use existing managing company. Full occupancy! Long-term tenants. Desired 6 units steel structure brick building with four 3b/1ba and two 2b/1ba apartments! Totally gut-rehabbed in 2020. Hardwood floors throughout, spacious rooms, new windows, updated kitchens, and baths. Separate heat for every unit. Updated electric, plumbing, and threaded and sealed rear porch system. Everything is up to the new code. Exterior safety camera. Free washer and dryer in the basement. Parking in the rear is included in the rent. Excellent location is next to expressway I-94 highway, Red Line train station, and shopping!
Multi-familyProperty Type
1890Year Built
5,764 sq ftLot Size
4 spacesParking
Listed by Angela Mana• Barr Agency, Inc
Bought with Francine Gareave• Coldwell Banker Realty
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
—
Stories
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Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
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Style
Multi-Family (5+ Unit)
County
Cook County
APN
—
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on May 10, 2023.
RT-4
Residential Two-Flat, Townhouse and Multi-Unit District
The primary purpose of the RT districts is to accommodate detached houses, two-flats, townhouses and low-density, multi-unit residential buildings at a density and building scale that is compatible with RS districts. The districts are intended to be applied in areas characterized by a mix of housing types. The districts are also intended to provide a gradual transition between RS districts and higher density RM districts. The RT districts are differentiated primarily on the basis of allowed density (minimum lot area per unit) and floor area ratios.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Hospital / medical center
Housing-Group
Housing-Multiple units
Housing-Senior
Infrastructure
Bed & breakfast
Office
Public service
Property details
Parking
Parking Information
# of Parking (Total): 4
Outdoor Parking: 1-5 Spaces
Interior
Equipment
Washer/Dryer Lsd (Y/N): Yes
Unit Type 1 Information
# of Rooms: 5
# of Bedrooms: 3
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
# of Units: 4
Monthly Income: $1,000
Monthly Income Max: $1,350
Unit Type 2 Information
# of Rooms: 5
# of Bedrooms: 2
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
# of Units: 2
Monthly Income: $1,280
Monthly Income Max: $1,300
Exterior
Building Information
# of Units: 6
Exterior Building Type: Brick
Built Before 1978 (Y/N): Yes
Roof Structure: Flat
Construction Materials: Steel Siding
Property Information
Property Type: Multi Family 5+
Parcel Number: 20214020130000
Lot Information
Dimensions: 44' X 131'
Financial
Tax Information
Tax Annual Amount: $5,664.35
Tax Year: 2020
Financial Information
Finance Code: Conventional
Gross Rent Multiplier: 7.02
Total Monthly Income: $7,465
Gross Income: $89,580
Utilities
Utility Information
Electric: Separate Meters
Heating & Cooling
Heat/Ventilation: Individual Furnaces
Location
Location Information
Directions: From State Street, turn west onto Marquette Rd. Listing is on the south side of Marquette Rd between Perry and Wentworth
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Cook County
APN: —
Home facts updated by county records on May 10, 2023
Other
Expense Information
Water Sewer Expense: $4,076
Electric Expense: $2,750
Trash Expense: $2,431
Insurance Expense: $3,691
Around this home
Schools
Parker Elementary Community Academy
Public PreK-8 • Assigned • 0.2mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 100° expected this year, 15 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Chicago, IL • 60621
Average low and high temperatures (°F)
30
18
39
25
54
36
61
44
67
52
80
65
85
71
82
67
79
62
68
52
52
40
37
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.3 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.