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

Multifamily Property For Sale

1523 Morse Ave

1523 Morse Ave, Chicago, IL 60626

Price:
$775,000
No. Units:
5
Building Size:
6,000 SF
Price/Unit:
$155,000
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
2%
Cap Rate:
7%
Occupancy:
98%
No. Stories:
2
Year Built:
1922
Lot Size:
5,985 SF
Parking Ratio:
5 / 1,000 SF
Find Out More...

Last Verified 9/21/2009 Listing ID 16289614

Highlights

Multi Use
Close to Loyola University

Central Business District

Description

TURNKEY BUILDING TOTALLY UPDATED INSIDE & OUT. 4 APTS FEATURE UPDATED KITCHENS & BATHS. TENANTS PAY UTILITIES. OWNERS UNIT W/3 BEDROOMS AND ENORMOUS SUNDECK. HIGH VISIBILITY OFFICE SPACE IS CONTEMPORARY IN DESIGN, HIGH CEILINGS AND TRACK LIGHTING WITH LARGE WINDOWS AT STREET LEVEL. 7 SECURED PARKING SPACES. GET IN ON THE MORSE AVE BUSINESS CORRIDOR RENAISSANCE! WILL CONSIDER LAND CONTRACT. WALK TO TRAIN & LAKE.

Central Business District, Close to public transportation, near lake. Popular area.

Financial Summary

Unit Mix Information

Actual
Year
2008
Scheduled Gross Income
$111,120
Effective Gross Income
$110,820
Operating Expenses
$18,587
Net Operating Income
$81,200

Description	No. Units	Avg. Mo. Rent
apartment	4	$775
Offices	3	$800

Map of 1523 Morse Ave, Chicago, IL 60626 (Cook County)

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donna agnew (847) 644-3413

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Created 6/22/2009

Additional Information for 1523 W Morse Avenue, Chicago, IL 60626

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 -

1523 Morse Ave, Chicago, IL, 60626