Bought with Good Realty Co
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CONFIDEN CONFIDENTIAL Park Forest, IL 60466
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Key Details
Sold Price $262,000
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 6,645 sqft
Price per Sqft $39
MLS Listing ID 10085898
Sold Date 11/08/18
Year Built 1952
Annual Tax Amount $37,695
Tax Year 2017
Lot Size 1.250 Acres
Lot Dimensions 54228 SQ FT
Property Sub-Type Multi Family 5+
Property Description
Portfolio of seven single family homes inside a 1/4-mile radius. All properties are 2bd/1ba, professionally rehabbed within the past 2-6 years, 5 of 7 occupied on 12-month leases with no delinquency (blend of market rate and Section 8) with 2 recently vacant. Seller will leave vacant or place tenants if buyer prefers. Portfolio generates over $42,000/yr in gross revenue. Taxes have all been appealed and average $5,400/yr/house with no exemptions, and assessed values can be appealed DOWN 10%+ after purchase.
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling Central Air, Window Unit(s)
Fireplace Y
Exterior
View Y/N true
Roof Type Composition
Building
Foundation Concrete Perimeter
Structure Type Brick,Wood Frame
Others
HOA Fee Include None
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