15633 Lexington Avenue
Property Description
Exceptional 6-unit brick multi-family investment property in Harvey's south suburban Cook County market. Building features six fully rehabbed 3-bedroom, 1-bathroom apartments across three stories of solid masonry construction - all fully leased. Unit rents vary by floor with a strong income profile. Above-market cap rate relative to the Chicago metro average - see financial tab for full figures. Tenants pay electric and heat. Landlord expenses limited to water, garbage, and insurance. DSCR loan eligible - qualifies on property income, not personal W-2 documentation. The property also includes a finished garden-level basement space with kitchen, bathroom, and bedroom - not a legal dwelling unit per Cook County Assessor records; see Property Disclosure Addendum. $35,000 in recent capital improvements including cabinets, flooring, countertops, and fixtures. Convenient Metra and Pace Bus access serving the south suburban Cook County market. Close to retail and neighborhood services. All financial figures are estimates based on current occupancy - buyer and their advisors should independently verify all figures prior to closing. See Property Disclosure Addendum regarding garden-level basement space. Sold As-Is. Real People Realty. Equal Housing Opportunity.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $499,999 |
| No. of Units: | 6 |
| Year Built: | 1922 |
| Opportunity Zone: | No |
| Price per unit: | $83,333 |
| Property Website | Click Here |
| Number of Bedrooms: | 110 |
| Number of Bathrooms: | 37 |
ID: 3yd-MREDIL-12643303
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