Listed by Compass Chicago, The Mike Brown Group
$659,900
5008 W Strong Street
Details
APN 13094170230000
Property Type Multifamily
Sub Type Apartment Building
NOI $47,128
Year Built 1921
Zoning MULTI
Parking Spaces spaces
Multifamily
Marketing description
Fantastic investment opportunity on a quite tree lined street of Jefferson Park. Legal 3 flat perfect for an investor or live in owner looking to invest in themselves. Get the best of both worlds with a wonderful mix of vintage charm and modern conveniences. Kitchens and baths have been remodeled a while ago but very nice. Two 2-bedroom 1 bath units plus a large 4 room one bedroom on top floor. Enclosed back porches and lots of extra storage. All units have separate furnaces. Located in a quiet little neighborhood of Jefferson Park near Beaubien School and perfectly situated with easy commuter access to I-90 off Lawrence or hop on the Blue Line or Metra train just a couple blocks away. Still, plenty of opportunity to expand... additional potential square footage in the full high basement. Brand new 2 car garage and a nice, fenced yard. Rents $1900. 1st floor, $1800. 2nd floor, $1550. 3rd floor and $250 for garage with a total of $5500. monthly or $66,000 yearly gross less expenses of $18522. equals a net income of $47128. A 7% return on a cash-on-cash investment. Property in good condition and being sold "as is'". Any questions, offers or concerns contact Norbert Mika. See agent remarks.
Listing Contacts
Listed by Compass Chicago, The Mike Brown Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$47,128.00
$3,927.33/mo
Valuation Metrics
0
DSCR
7.14%
Cap Rate
7.14%
ROI
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