Skip To Content

1635 Oak Street

Chicago Heights, IL 60411
  • $309,900
  • STATUS: Active Under Contract
  • ON SITE: 59 Days
  • MLS #: 11239972
Under Contract
UPDATED: 52 min ago
$309,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1893
County:

School Ratings & Info

Description

All brick 7-unit money maker just a block from public transportation and village hall. Two- 3 bedroom/2 bath apartments and Five-1 bedroom apartments. Over 6,000 square feet and fully rented plus new front load coin-op washer/dryer for added income. Great cash flow. Cap Rate at 13.6%. Vintage hardwood floors and trim throughout and some units with upgraded kitchen and baths. Upgraded entry door and security gate to south of building. Individual heat in each unit. Tenants pay gas and electric. 3 hot water heaters, Rubber roof approximately 12 years old, windows 10 years old, new water line 2020, new rear porch roof 2021, new basement glass block windows and building unit furnace 2021. Rear parking for 6 cars. Building is in good condition but being sold as-is. Owner will comply with city occupancy inspection. **See broker private remarks for showing details**

Monthly Payment Calculator



© 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 2021-12-05T10:58:20.237 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
www.homesearchil.com/homes/122157291
Print Image

1635 Oak Street Chicago Heights, IL 60411

  • Price: $309,900
  • Status: Active Under Contract
  • On Site: 59 Days
  • Updated: 52 min ago
  • MLS #: 11239972
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1893
Built
Neighborhood:
Chicago Heights
County:
Cook
Area:
Chicago Heights
Property Description
All brick 7-unit money maker just a block from public transportation and village hall. Two- 3 bedroom/2 bath apartments and Five-1 bedroom apartments. Over 6,000 square feet and fully rented plus new front load coin-op washer/dryer for added income. Great cash flow. Cap Rate at 13.6%. Vintage hardwood floors and trim throughout and some units with upgraded kitchen and baths. Upgraded entry door and security gate to south of building. Individual heat in each unit. Tenants pay gas and electric. 3 hot water heaters, Rubber roof approximately 12 years old, windows 10 years old, new water line 2020, new rear porch roof 2021, new basement glass block windows and building unit furnace 2021. Rear parking for 6 cars. Building is in good condition but being sold as-is. Owner will comply with city occupancy inspection. **See broker private remarks for showing details**
Exterior Features

Exterior Building Type Brick Foundation Details BlockBrick/MortarConcrete Perimeter Frontage Type City Street Outdoor Parking 6-12 SpacesPrivate Lot Parking Total 6 Roof Rubber Roof Structure Flat

Interior Features

Basement UnfinishedExterior AccessStorage Space Cooling None Fireplaces Total 0 Heat Ventilation Forced AirSeparate Per UnitIndividual Furnaces Miscellaneous Inside Inside Corridor/SSkylight/SStorage InsideLaundry Room Number Of Dishwashers 0 Number Of Dryers 1 Number Of Ranges 7 Number Of Washers 1

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 6105 Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show Yes Current Use Multi-Family Electric Circuit BreakersSeparate Meters Gross Income 66700 Gross Scheduled Income 66700 Insurance Expense 2650 Location Public Transport Avail Maintenance Expense 3000 Net Operating Income 42335 Operating Expense 24365 Ownership Types Limited Liability Corp Tax Annual Amount 13245 Tax Year 2020 Tenant Pays ElectricityHeatHot WaterVaries By Tenant Total Monthly Income 5558 Township Bloom Type Multi Family 5+ Utilities Sanitary SewerWater-MunicipalWater To Site Zoning Other

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Real People Realty, Inc..


© 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 2021-12-05T10:58:20.237 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
 
https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_1_11239972-1.jpg https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_1_11239972-1.jpg https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_1_11239972-1.jpg
Logo
Littlefield Group | Keller Williams Realty
2441 Village Green Place
Champaign IL, 61822