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    1115 Troy Street

    Chicago, IL 60612
    • $550,000
    • STATUS: Active Under Contract
    • ON SITE: 25 days
    • MLS #: 10884304
    Under Contract
    UPDATED: 64 min ago
    $550,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,868
      SQFT
    • $94
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1905
    County:

    School Ratings & Info

    Description

    Awesome Cash Flow for This Spacious 5868 sq ft, Legal 6-Unit Grey Stone, Soon to Be Fully Leased! Three 3 Bed & Two 2 Bed Units w/ Primo Rental Prices & Hardwood Galore! 5 Minutes to Tri-Taylor, and 10 Minutes to Ukranian Village (the hottest neighborhood in the United States in 2016!) As Growth Continues, North Lawndale is Next in Line for Gentrification, Making it the Prime Neighborhood for Investment! Section-8 Units, Means a Guaranteed Deposit into Your Bank Account on the 1st of Each Month! No Worries About Delinquent Tenants, Because the Government Will Perpetually Pay You Out! These Meticulously Maintained Units Are Everything the Doctor Ordered, So Who Doesn't Want a Government Contract During Uncertain Times? Gated Front & Backyard, w/ Three-tiered Deck! Renovated Units Include Newer Plumbing, Electric, Windows, Tuck-Pointing, Roof & Separate HVACs, Water Heaters and Gas Meters for Each Unit! One Block Away From Gorgeous Douglas Park and Tons of Great Stores; Lawndale Plaza! Short Distance to CTA Blue and Pink Lines & I290! Of the 5+ Multi-Units Making Over $7K Per Month in Gross Income, 1115 S Troy is Less Than Half the Price of Any Available Property Nearest to Downtown! Schedule Your Showings Quickly, Because This Opportunity Won't Last! Everything Has Been Replaced Within the Past 6 Years! Seventh 1 Bed, 1 Bath Unit in Basement Has Been Grandfathered in w/ Option to Add an 8th Unit! Rent is Artificially Low as The Owner Has Never Raised Rents on His Quality, Long-Term Tenants, w/ Room to Easily Gross $200 More a Month Per Unit! Total Annual Income of $91,704 w/ a 15% Capitalization Rate!

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    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2020-10-24T12:51:34.747 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    1115 Troy Street Chicago, IL 60612

    • Price: $550,000
    • Status: Active Under Contract
    • Updated: 64 min ago
    • MLS #: 10884304
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    5,868
    SQFT
    $94
    $/SQFT
    1905
    Built
    Neighborhood:
    Chi - North Lawndale
    County:
    Cook
    Area:
    Chi - North Lawndale
    Property Description
    Awesome Cash Flow for This Spacious 5868 sq ft, Legal 6-Unit Grey Stone, Soon to Be Fully Leased! Three 3 Bed & Two 2 Bed Units w/ Primo Rental Prices & Hardwood Galore! 5 Minutes to Tri-Taylor, and 10 Minutes to Ukranian Village (the hottest neighborhood in the United States in 2016!) As Growth Continues, North Lawndale is Next in Line for Gentrification, Making it the Prime Neighborhood for Investment! Section-8 Units, Means a Guaranteed Deposit into Your Bank Account on the 1st of Each Month! No Worries About Delinquent Tenants, Because the Government Will Perpetually Pay You Out! These Meticulously Maintained Units Are Everything the Doctor Ordered, So Who Doesn't Want a Government Contract During Uncertain Times? Gated Front & Backyard, w/ Three-tiered Deck! Renovated Units Include Newer Plumbing, Electric, Windows, Tuck-Pointing, Roof & Separate HVACs, Water Heaters and Gas Meters for Each Unit! One Block Away From Gorgeous Douglas Park and Tons of Great Stores; Lawndale Plaza! Short Distance to CTA Blue and Pink Lines & I290! Of the 5+ Multi-Units Making Over $7K Per Month in Gross Income, 1115 S Troy is Less Than Half the Price of Any Available Property Nearest to Downtown! Schedule Your Showings Quickly, Because This Opportunity Won't Last! Everything Has Been Replaced Within the Past 6 Years! Seventh 1 Bed, 1 Bath Unit in Basement Has Been Grandfathered in w/ Option to Add an 8th Unit! Rent is Artificially Low as The Owner Has Never Raised Rents on His Quality, Long-Term Tenants, w/ Room to Easily Gross $200 More a Month Per Unit! Total Annual Income of $91,704 w/ a 15% Capitalization Rate!
    Exterior Features

    Foundation BrickOther Lot Dimensions 25X125 Lot Sq Ft 3500 Number Of Parking Spaces 5 Roof Coverings Other Roof Structure FlatOther

    Interior Features

    Number Of Bedrooms Type5 3 Number Of Bedrooms Type6 3 Number Of Bedrooms Type7 1 Number Of Bedrooms Unit1 2 Number Of Bedrooms Unit2 2 Number Of Bedrooms Unit3 2 Number Of Bedrooms Unit4 3 Number Of Full Bathrooms Type1 1 Number Of Full Bathrooms Type2 1 Number Of Full Bathrooms Type3 1 Number Of Full Bathrooms Type4 1 Number Of Full Bathrooms Type5 1 Number Of Full Bathrooms Type6 1 Number Of Full Bathrooms Type7 1 Number Of Ranges 7 Number Of Refrigs 7 Number Of Rooms Unit Five 6 Number Of Rooms Unit Four 6 Number Of Rooms Unit Six 6 Number Of Rooms Unit1 5 Number Of Rooms Unit2 5 Number Of Rooms Unit3 5 Number Of Rooms Unit7 3 Number Of Stories 3 Number Of Units Apt Type1 1 Number Of Units Apt Type2 1 Number Of Units Apt Type3 1 Number Of Units Apt Type4 1 Number Of Units Apt Type5 1 Number Of Units Apt Type6 1 Number Of Units Apt Type7 1 Repairs Decor Expense 0

    Property Features

    Age Older Built Before1978 YN Yes Contingency Flag Attorney/Inspection Electrical Service Separate Meters Electricity Expense 348 Expense Year 2019 Exterior Building Type Other Fuel Expense 0 Gross Rental Income Amount 7642 Heat Ventilation GasRadiators Insurance Expense 2000 Janitor Expense 0 Monthly Income Max1 1250 Monthly Income Max2 1250 Monthly Income Max3 1250 Monthly Income Max4 1450 Monthly Income Max5 1450 Monthly Income Max6 1450 Monthly Income Max7 865 Net Oper Income Amount 82652 Other Expenses 0 Owners Assoc YN No Possession Closing Tax Year 2019 Taxes 4619.89 Tenant Pays Air ConditioningElectricHeat Total Annual Exp 4432 Total Annual Expense Source Actual Total Annual Income 91704 Total Monthly Income 6888 Type Multi Family Corridor-Exterior Entrance Water Expense 1195

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Kale Realty.


    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2020-10-24T12:51:34.747 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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