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14506 S Indiana Avenue

Riverdale, IL 60827
  • $199,900
  • STATUS: Active
  • ON SITE: 79 Days
  • MLS #: 11215836
UPDATED: 9 min ago
$199,900
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1966
County:
Area:

School Ratings & Info

Description

Fantastic buy-and-hold opportunity. This brick 6-unit multi-family building consists of 6 one-bedroom one-bathroom units all in great condition. Taxes have DECREASED on this property to $11,800 per year (2020). The building is located in a prime location on the west side of Riverdale boarding Dolton. 5 units are currently occupied with long-term tenants. Rents have not been increased in years and could easily be pushed to $800+ to be in line with similar buildings. With 5 units rented this building performs at a 9 Cap Rate. The building provides tenants on-site laundry, additional basement storage, and 2 parking spaces per unit.

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© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Littlefield Group | Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-29T07:04:39.497 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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14506 S Indiana Avenue Riverdale, IL 60827

  • Price: $199,900
  • Status: Active
  • On Site: 79 Days
  • Updated: 9 min ago
  • MLS #: 11215836
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1966
Built
Neighborhood:
Riverdale
County:
Cook
Area:
Riverdale
Property Description
Fantastic buy-and-hold opportunity. This brick 6-unit multi-family building consists of 6 one-bedroom one-bathroom units all in great condition. Taxes have DECREASED on this property to $11,800 per year (2020). The building is located in a prime location on the west side of Riverdale boarding Dolton. 5 units are currently occupied with long-term tenants. Rents have not been increased in years and could easily be pushed to $800+ to be in line with similar buildings. With 5 units rented this building performs at a 9 Cap Rate. The building provides tenants on-site laundry, additional basement storage, and 2 parking spaces per unit.
Exterior Features

Exterior Building Type Brick Outdoor Parking 6-12 Spaces Parking Total 12 Roof Composition Roof Structure Flat

Interior Features

Basement Partially Finished Cooling Wall Sleeve Heat Ventilation Central Heat/Indiv Controls Number Of Dishwashers 6 Number Of Dryers 1 Number Of Washers 1

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 4194 Built Before1978 YN Yes Gross Income 45300 Gross Scheduled Income 45300 Insurance Expense 2000 Maintenance Expense 1000 Net Operating Income 21500 Operating Expense 12000 Tax Annual Amount 11800 Tax Year 2020 Tenant Pays Air ConditioningElectricity Total Monthly Income 3775 Type Multi Family 5+

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Exp Realty, Llc.


© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Littlefield Group | Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-29T07:04:39.497 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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