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Chicago area guys Be your own boss--Rental Property for sale
Decided to start selling off some of my apartment buildings.
Here is one of my 6 unit buildings that is for sale. Approx $62,000 Gross, $45,000 net. Approx $18,000 in depreciation expense.
Contact me at630-707-0200 for more information
here is the listing sheet.
List#: 04132874 Stat: Active Contingency Flag: LP: $569,000
PROPERTY LOCATION
Street#: 6722 VAIL DRIVE
City: WESTMONT ZIP: 60559-0 Area#: 559
Directions: CASS AVENUE TO 67TH STREET TO 6722
Subdivision: THE PONDS County: DUPA Township: DOWNERS
Parcel ID Number (PIN): 0921400122 Multiple PIN #: N
Coordinates: North: 0 South: 7 East: 0 West: 18
PROPERTY INFORMATION AND DESCRIPTION
Zoning: R4 # Stories: 3 # Units: 6 Built Before 1978: Y
Lot Dimensions: COMMON Total Building Sq Ft:
Owners Association: Y
# Garages: 0 # Of Parking Spaces: 7 # Dishwashers: 6
# Washers: 1 # Dryers: 1 Washer/Dryer Leased: Y # Window Air Conditioning Units: 6
# Ranges: 6 # Disposals: 0 # Fireplaces: # Refrigerators: 6
Approximate Age: 16-25 Years
Air Conditioning: Wall/Sleeve
Amenities: Pool, Tennis Court(s)
Back-Up Information: Leases-Copies
Basement:
Client Needs:
Client Will:
Construction: Concrete
Current Use: Residential-Multi-Family
Electrical Service: Circuit Breakers, 0-100 Amps
Building Exterior: Log (LG)
Foundation: Concrete
Fire Protection: Alarm on Site, Fire Extinguisher(s)
Frontage/Access: Other
Heat/Ventilation: Hot Water
Information: List Agent Must Accompany, Short Notice OK
Known Encumbrances:
Monthly Assessments Includes: Water, Exterior Maintenance
Misc. Inside: Storage Inside
Misc. Outside: Balcony, Courtyard, Security Patrol
Type Ownership: Individual
Indoor Parking:
Outdoor Parking: 6-12 Spaces
Potential Use: Residential-Multi-Family
Possession: Closing
Roof Coverings: Shingle Composition
Roof Structure: Hip
Tenant Pays: Electric
Terms: Conventional
Type: Courtyard
Utilities To Site: Water-Municipal, Water to Site
INCOME DATA MONTHLY AMOUNT ANNUAL AMOUNT
Apartment(s) Type 1 #: 1 #Rooms: 5 #Bedrooms: 2 #Baths: 0 Income: 895
Apartment(s) Type 2 #: 2 #Rooms: 4 #Bedrooms: 1 #Baths: 0 Income: 760
Apartment(s) Type 3 #: 3 #Rooms: 5 #Bedrooms: 2 #Baths: 0 Income: 900
Apartment(s) Type 4 #: 5 #Rooms: 5 #Bedrooms: 2 #Baths: 0 Income: 895
Apartment(s) Type 5 #: 6 #Rooms: 5 #Bedrooms: 2 #Baths: 0 Income: 895
Apartment(s) Type 6 #: 6 #Rooms: 5 #Bedrooms: 2 #Baths: 0 Income: 895
Apartment(s) Type 7 #: 0 #Rooms: N #Bedrooms: N #Baths: 0 Income: 0
Total Monthly Income: $5,340
Gross Rental Income: $5,240
Effective Gross Income: $64,080
Parking Income: $0
Laundry Income: $1,200
Miscellaneous Income: $0
Total Annual Income: $64,080
ANNUAL OPERATING EXPENSES AMOUNT SOURCE
Tax Year: 3 Real Estate Taxes: AC
Janitor: $0
Management: 0
Fuel: $4,337 AC
Electric: $372 AC
Water: $1,552 AC
Scavenger: $0
Insurance: $0
Repairs-Decorating: $0
Association Fee: $6420
Elevator: $0
Supplies: $0
Advertising: $0
On-Site Manager: $0
Vacancy: $0
Other Expenses: $0
Expense Year: 3 Expense Source: AC Less Total Annual Expenses: 18898
Net Operating Year: $3 Net Operating Income: $45,182
Cap Rate: 0.00 Gross Rent Multiplier: 0.00
REMARKS
WELL MAINTAINED SIX UNIT BRICK,ATTACHED BUILDING WITH 5-2BR, 1-1BR UNITS. GREAT INVESTMENT! EXISTING OWNER WILLING TO STAY ON TO MANAGE AND MAINTAIN BUILDING. OWNER IS LICENSED REALTOR.CALL CO-LISTER FOR APPT. EXTERIOR COMPLETELY PAINTED IN 2002/NEW ROOF 2003. EXCEL LEASE RATES.ON-SITE RNTL/MGT OFFC.QUIET BLDG/EXC TENANTS
Contact Co-Lister Joe Harrington 630-707-0200
Coldwell Banker Broker
__________________
556.2 rwhp / 544.5 torque on 93 pump gas
ALL MOTOR, hydraulic cam, 427 C5r Block MTI Z07 package,
Kooks 1 7/8 headers, FAST 90mm Intake and TB, through the mufflers
Last edited by GNX Guy : 06-12-2004 at 03:59 PM.
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