

Listed by KW Classic Properties Realty
$687,400
154-156 E Gates Street
Details
APN 010-016205
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 2
NOI $53,640
Occupancy 100%
Price per SqFt $278
Year Built 1910
Acreage 0.100
Occupancy Date 05/01/2026
Sale Condition 1031 exchange
Multifamily | 2 Units
Marketing description
Update May 5th!!! Both Units rented, $53,640 Annual Rent- Steps from Thurman Cafe and Schiller Park. The 154 unit just underwent a remodel including a full bathroom remodel, new kitchen countertops, refinished hardwood on the first floor and new carpet in the upstairs hallway and bedrooms. The 156 unit just had granite countertops installed. Each unit has 3 bedrooms, one full bath and one-half bath. Each side has a separate unfinished 3rd floor, perfect for a home office or studio. Hardwood floors throughout the open floor plan. Both units feature central air. Each unit has a fenced backyard. 156 Unit has a 2-car garage. 156 Side had new HVAC and furnace in August 2024. HVAC has a 10-year transferable warranty from the date of installation. Both units are sub metered for utility billing.
Professionally managed. New water Heater 156 Side April 13th.
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Listed by KW Classic Properties Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$53,640.00
$4,470.00/mo
Valuation Metrics
0
DSCR
7.8%
Cap Rate
7.8%
ROI
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