$1,000,000
$1,100,000
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7,416 SqFt
SOLD DATE : 12/16/2019
Key Details
Sold Price $1,000,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 7,416 sqft
Price per Sqft $134
MLS Listing ID 10417355
Sold Date 12/16/19
Year Built 1970
Annual Tax Amount $18,441
Tax Year 2018
Lot Size 0.330 Acres
Lot Dimensions 100' X 300'
Property Sub-Type Multi Family 5+
Property Description
Rare Arlington Heights 6 Flat Investment Opportunity close to Downtown in Sought after Windsor/South (District 25) & Prospect HS (District 214) Schools. Five Long-Term Tenants (between 10 & 25 years each). Great Cash Flow Opportunity or Condo Conversion. All Leases Expire March 31, 2020. All Brick Building & Fully Renovated Exterior. Attached 3 Car Heated (Separate Furnace) All-Brick Garage (2016), Roof (2019), & 400 Amp Service (2016). 2 Newer Converted Units (2016). Other Recent Updates include Windows (2014), Boiler (2009), and 3 Independent HVAC units (2018/19). Parking for 12; 3 Indoor Heated Garage & 9 Outdoor Spaces. Great Opportunity to Increase Cash Flow by Market Rate and/or Further Updating Units. $67K Cash Flow, 11.7 Gross Rental Multiplier & 6.1 Cap Rate. R-6 Multiple Family Dwelling. Pride of Ownership. Call now for a Private Showing!
Location
State IL
County Cook
Area Arlington Heights
Zoning MULTI
Interior
Cooling Central Air, Central Individual, Partial, Window Unit(s), Zoned
Fireplace N
Exterior
Utilities Available Sanitary Sewer, Sewer-Storm Available, Water-Municipal, Other
Roof Type Composition
Building
Level or Stories 2
Structure Type Brick,Concrete,Steel Siding
Others
HOA Fee Include None
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Bought with Eric Sadowski • American Realty & Associates
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "