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Browse More Listings in Multifamily For Sale, Chicago, IL or Illinois

Multifamily Property For Sale

2620 West Rice

2620 West Rice, Chicago, IL 60622

Price:
$680,000
No. Units:
6
Building Size:
12,000 SF
Price/Unit:
$113,333.33
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Property Use Type:
Investment
Commission Split:
2.5%
Cap Rate:
8%
Gross Rent Multiplier:
12
Occupancy:
100%
No. Stories:
3
Year Built:
1905
Lot Size:
4,200 SF
Tax ID / APN #:
16014260330000
Parking Ratio:
3 / 1,000 SF
Find Out More...

Last Verified 9/19/2009 Listing ID 15745185

Description

Ukranian Village brick 6-flat..All apartments are 2 bedroom/1 bath....PLUS...Separate heat..& separate hot water heaters. Tenants pay all their own utilities. . Units 1F and 1R generate parking income of ($1800Yr). Laundry income is approx $1,800 yr. Low common area expenses. Very little grass to cut. 5 nice sun porches. Lots of new construction & development in the area. Very trendy looking block. Very good tenants. Some tuckpointing needed. Excellent tenants. Very easy to rent apartments. Lots of new construction and development in appreciating & trendy area.

33.58 x 124.65
Only one way to access property: From Chicago & Rockwell intersection go North 1/2 block to Rice then go west. Rice is a very long cul-du-sac street so it does not get a lot of thru traffic....Tree lined block that has an appealing appearance and a trendy look.

Attachments

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Financial Summary

Unit Mix Information

Actual
Year
2006
Scheduled Gross Income
$65,220
Operating Expenses
$15,740
Net Operating Income
$50,380

Description	No. Units
All units are 2br/1bth	6
1F ($950) 2F ($870) 3F (750)	6
1R (870) 2R (920) 3R (850)	6
Parking $30 mo & $120 mo	6

Map of 2620 West Rice, Chicago, IL 60622 (Cook County)

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Presented by

Baird & Warner Real Estate

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Contact Listing Broker

wilma johnson (773) 883-2433

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Created 6/5/2008

Additional Information for 2620 W Rice Street, Chicago, IL 60622

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale -

2620 West Rice, Chicago, IL, 60622