Berkshire Hathaway HomeServices KoenigRubloff
Listed by Berkshire Hathaway HomeServices KoenigRubloff
$749,000
4016-4018 Joliet Avenue
Details
APN 18022060680000
Property Type Mixed Use
Sub Type Mixed Use
Units 5
Cap Rate 8.50%
NOI $64,123
Year Built 1903
Stories 2
Lot Size (SqFt) 10,080
Zoning COMMR
Mixed Use | 8.50% CAP
Marketing description
Excellent investment opportunity in Lyons featuring 3 apartments, 2 storefronts and warehouse/contractor garage. Each storefront has their own bathroom and kitchens. 10' ornate ceilings. The 2-contractor garage/warehouse spaces are approximately 1100sq ft each 11'Overhead doors and 14' interior ceiling height. Garage/warehouse spaces rented for $850 and $900. Parking on grounds for at least 8 cars. Coin laundry. Newer boiler and windows. Long time owner is retiring. Apartment rents are low and could be raised to reflect market value with new ownership.
Listing Contacts
Berkshire Hathaway HomeServices KoenigRubloff
Listed by Berkshire Hathaway HomeServices KoenigRubloff
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$64,123.00
$5,343.58/mo
Valuation Metrics
0
DSCR
8.56%
Cap Rate
8.56%
ROI
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