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902-908 W 68th St
Chicago, IL 60621
Multifamily Property For Sale
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8 Units
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.14 AC |
| Property Type | Multifamily | Building Size | 10,000 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Building Class | B | Year Built | 1982 |
| Zoning | RS-3 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 10,000 SF |
| No. Stories | 2 |
| Year Built | 1982 |
| Zoning | RS-3 |
ABOUT 902-908 W 68TH ST , CHICAGO, IL 60621
Current rent roll: $7002/month for 7 units; 902-2: 3bed/1bath - long term tenant, $750 904-2- 2bed/1bath - market rate tenant; $950 906-2 - 2bed/1bath - longeterm tenant, $750 908-2 - 2bed/1bath - Section 8 application pending for inspection 902-1 - 6bed/2bath - long term tenant, $1000 904-1 - 5bed/2bath, lease start 08/2016, Section 8, $1187 906-1 - 5bed/2bath, lease start 09/2016, Section 8, $1215 908-1 - 4bed/2bath, lease start 07/2016, Section 8, $1150 With the last unit filled, the current rent roll can be improved to 8k+/month. In this area Pro-forrma rent for Section 8 for 4-6 bed is 1350-1550, and 1000-1300 for 2bed-3bed Section 8 voucher. Utility: all utilities are separated. In unit hot water heater and furnace. Owner is only responsible for water and common area electricity Expenses: Water/sewer: 300/month Electricity: 100/month Insurance: 350/month Property Condition All units were remodeled. New double pane vinyl windows. All copper plumbing, about half of furnaces and some hot water heater are newer. All units have similar quality: wood floor and tiles, newer countertops and bathrooms, over half of bathtubs were refurnished within 1-3 years. Chicago, Illinois
PROPERTY TAXES
| Parcel Number | 20-20-405-044-0000 | Improvements Assessment | $52,500 |
| Land Assessment | $4,400 | Total Assessment | $56,900 |
PROPERTY TAXES
