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7920 83rd Avenue

Justice, IL 60458
  • $650,000
  • STATUS: Active Under Contract
  • ON SITE: 37 Days
  • MLS #: 11718943
Under Contract
UPDATED: 15 min ago
$650,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1978
County:
Area:

School Ratings & Info

Description

Great investment opportunity. Brick, six unit apartment building. Rentals generate continuous monthly revenue. 100% occupied month-to-month leases. All have balconies, 2 bedrooms, and 1 Bath. Finished basement. Additional income from coin laundry. Low expenses. 12 parking spaces. Well maintained. Storage lockers. Shed. Current rents below market with 7% CAP rate. Walking distance to school and community park. Easy access to all transportation. Good condition. Estate sale. Sold AS/IS.

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© 2023 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 The Dena Furlow Team - Keller Williams Realty. Based on information submitted to the MRED as of 2023-03-24T08:58:07.173 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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7920 83rd Avenue Justice, IL 60458

  • Price: $650,000
  • Status: Active Under Contract
  • On Site: 37 Days
  • Updated: 15 min ago
  • MLS #: 11718943
0
Beds
0
Baths
0
½ Baths
0.23
Acres
1978
Built
Neighborhood:
Justice
County:
Cook
Area:
Justice
Property Description
Great investment opportunity. Brick, six unit apartment building. Rentals generate continuous monthly revenue. 100% occupied month-to-month leases. All have balconies, 2 bedrooms, and 1 Bath. Finished basement. Additional income from coin laundry. Low expenses. 12 parking spaces. Well maintained. Storage lockers. Shed. Current rents below market with 7% CAP rate. Walking distance to school and community park. Easy access to all transportation. Good condition. Estate sale. Sold AS/IS.
Exterior Features

Exterior Building Type Brick Foundation Details Concrete Perimeter Frontage Type City Street Land Amenities Sidewalks Outdoor Parking 6-12 Spaces Parking Total 12 Roof Composition Roof Structure Hip

Interior Features

Basement Finished Heat Ventilation Central Bldg Heat Miscellaneous Inside Laundry Room

Property Features

Additional Parcels YN No Approximate Age 36-50 Years Building Area Total 5880 Built Before1978 YN No Contingency Attorney/Inspection Continue To Show Yes Current Use Multi-Family Gross Income 72600 Gross Scheduled Income 74400 Insurance Expense 4100 Maintenance Expense 1186 Mls Actual Status Contingent Net Operating Income 44000 Operating Expense 14186 Ownership Types Individual Possible Use Multi-Family Seller Needs Cash Tax Annual Amount 16214 Tax Year 2021 Tenant Pays Air ConditioningElectricity Total Monthly Income 6200 Township Lyons Type Multi Family 5+ Zoning Multi

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Century 21 Circle: 708-361-0800.


© 2023 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 The Dena Furlow Team - Keller Williams Realty. Based on information submitted to the MRED as of 2023-03-24T08:58:07.173 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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