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

Multifamily Property For Sale

5823 N.Ridge Ave 6 unit aprtment building

5823 N. Ridge ave, Chicago, IL 60660

Price:
$439,000
No. Units:
6
Building Size:
4,100 SF
Price/Unit:
$73,166.67
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Distressed:
Yes
Cap Rate:
6%
Occupancy:
100%
No. Stories:
3
Find Out More...

Last Verified 10/9/2009 Listing ID 16260276

Description

PRICE TO SELL! THIS IS NOT SHORT SALE! EDGEWATER BRICK 6 FLAT APARTMENT BUILDING WITH 2 ADDRESSES : 5823 N. RIDGE AND 1439 WEST ARDMORE. ONE PIN TAX NUMBER.PROPERTY OFFERS 4-1 BEDROOMS AND DEN, TWO LARGE STUDIOS 0N FIRST FLOOR(APPROX 700-800 SQ. FEET). FULLY OCCUPIED W/ LONG TERM TENANTS, LAUNDRY AND STORAGE FOR TENANTS IN BASEMENT, 2 HW TANKS, TENANTS PAY ELECTRIC,HEAT AND GAS. CLOSE TO SHOPPING,TRANSPORTATION, AND SCHOOLS.

APARTMENT BUILDING LOCATED IN EDGEWATER NEIGHBORHOOD, BUSY RIDGE STREET, CLOSE TO LAKE, TRANSPORTATION, SHOPPING AND SCHOOLS

Financial Summary

Unit Mix Information

Actual
Year
2008
Scheduled Gross Income
$44,904
Operating Expenses
$13,272
Net Operating Income
$31,629

Description	No. Units	Avg. Mo. Rent	Sq. Ft.
4 ONE BEDROOM	4	$625	700
2 STUDIOS	2	$625	800

Map of 5823 N. Ridge ave, Chicago, IL 60660 (Cook County)

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Created 6/1/2009

Additional Information for 5823 N Ridge Avenue, Chicago, IL 60660

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 1 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 - 5823 N.Ridge Ave 6 unit aprtment building

5823 N. Ridge ave, Chicago, IL, 60660