KevinFisher
BEDS8
BATHS5 full
MLS#12800046
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
SCHOOLDistrict 205
Property Description
Attention Investors And Owner-Occupants! This Is A Solid Brick Legal 4-Unit Plus An Additional Garden Apartment On A Double Lot In Harvey. The Unit Mix Includes Three 2-Bedroom And Two 1-Bedroom Apartments. The Roof Is Approximately 10 Years Old, And The Brick Is Solid And In Good Shape. The Building Is All Electric, With 5 Separate Electric Meters And 5 Separate Water Heaters. Tenants Pay Their Own Electric, So Landlord Utility Costs Stay Low. There Is Dedicated Basement Space With Storage Lockers For Tenants, Plus Parking For 4-5 Cars In The Back. Two Units Are Currently Leased At $900 And $1,000 Per Month. Two Units Are Vacant And Ready For New Tenants: The Garden Unit, Previously Leased At $1,400/Month, And A Unit With Market Rent Of Approximately $950/Month. One Additional Unit Can Be Delivered Vacant Before Closing. Perfect Rent Hack Opportunity: Live In One Unit And Let The Rent From The Others Pay Your Mortgage! At Full Occupancy, Projected Gross Income Is Approximately $5,100/Month ($61,200/Year), For A Projected 15.7% Cap Rate And A Projected 33.6% Cash-On-Cash Return (Based On 25% Down At 7.5% Interest). This Is A True Value-Add Opportunity To Stabilize The Building And Grow Your Cash Flow. Rent Roll And Expense Estimates Available Upon Request. Sold Strictly As-Is. Bring Your Investors And Your Vision!
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Partially Finished, Full
Heating: Electric
Lot Size: 0.14 Acres
Taxes: $11,721
Year Built: 1959
Feature Descriptions
Exterior: Brick
Lot Dimensions: 48x127
Other Equipment: Multiple Water Heaters
Parcel#: 29084030450000
Parking: Yes
Sewer: Public Sewer
Total Rooms: 18
Township: Thornton
Water: Lake Michigan
Local Schools
School District: District 205
Listed By / Shown By
Listed By
Agency Name: eXp Realty - Chicago North Ave
Agency Phone: 888-574-9405
Shown By
Agent Name: Kevin Fisher
Agent Phone: (815) 494-9595
Agency Title: Gambino Realtors
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Estimated Payment
$ 2,064.40 per month $1,022.02 Principal & Interest $976.75 Property Tax $65.63 Homeowner's InsuranceChange Payment Information
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273 E 148th Street | MLS# 12800046
This multi-family property located at 273 E 148th Street, Harvey, IL 60426 is currently listed for sale with an asking price of $225,000. E 148th Street is located within the District 205 school district. Search Harvey real estate on kfisher.gogambino.com today.