8038 Grand Avenue
Property Description
Excellent 6-Unit Multi-Investment Opportunity in River Grove! All-brick building featuring five spacious 2-bedroom, 1-bath apartments and one 3-room, 1-bath apartment. The property offers approximately 4,200 SF of building area on a 6,000 SF lot, with 10 rear parking spaces and a convenient interior corridor layout. Current rental income is approximately $111,060 annually, with reported annual expenses of approximately $42,725 and an estimated $68,334 NOI, reflecting a 6.51 cap rate at the list price of $1,050,000. Units are separately metered for electricity, with tenants paying electric. Building amenities include on-site laundry, six ranges, six refrigerators, hot-water heat, window A/C, municipal water and public sewer. Partially finished basement provides additional utility and storage space. Conveniently located near shopping, restaurants, transportation and major roadways. A solid opportunity for investors seeking an income-producing multi unit asset in a desirable location.Broker Details
RE/MAX Cityview (773) 631-8260
MLS ID: 153676 State License Number: 475146848
Key Property Information
| Listing Status: | Under Contract |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,050,000 |
| No. of Units: | 6 |
| Year Built: | 1968 |
| Opportunity Zone: | No |
| Price per unit: | $175,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 11 |
| Number of Bathrooms: | 6 |
ID: 3yd-MREDIL-12741653
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