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Multifamily Property For Sale - In Contract

Garden Oak Condominiums

6100 W. 97th Street, Oak Lawn, IL 60453

Price:
$899,900
No. Units:
12
Building Size:
10,800 SF
Price/Unit:
$74,991.67
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
2%
Cap Rate:
9%
Gross Rent Multiplier:
8
No. Stories:
3
Year Built:
1978
Find Out More...

Last Verified 10/21/2009 Listing ID 16087589

Description

Remarks: RARE 12 unit condominium building on Oak Lawn's West side. Set off in an area of single family homes. All 12 units for sale to one buyer. 12 P.I.N.'s. Units are currently leased. All brick 3-story building, brick hallways, concrete floors, each unit has new central air units and Carrier electric furnaces. All units have been remodeled. All electric bldg with separate meters.
Agent Remarks: Excellent location. ALL Electric building. No heating bills for landlord. Great investment property. Also available: 6116 W. 97 St. (Maple Tree Condominium's) a twin building.

West side of Oak Lawn set in a quiet area of single family homes.

Attachments

Financial Summary

Actual
Year
2007
Scheduled Gross Income
$111,540
Operating Expenses
$31,509
Net Operating Income
$80,031

Map of 6100 W. 97th Street, Oak Lawn, IL 60453 (Cook County)

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Presented by

Coldwell Banker Honig-Bell

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Contact Listing Broker

Pete Ciaccio (708) 301-4700 Ext: 249

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Created 2/3/2009

Additional Information for 6100 W 97th Street, Oak Lawn, IL 60453

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 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.

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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