Multi-Family Home For Sale
$525,900
1220 Marengo Avenue
Forest Park, Illinois, United States
6bd 5ba
Listed By: Listanza Services Group
Listed On: 06/08/2023
Listing ID: GL5253589 View More Details
Description
8.01% CAP Rate 8 GRM estimated. Total Annual Gross Income including units and coin laundry is $62,592. Total Annual Expenses including utilities and property tax is $18,994.28. Current property tax is $13,551.53. 4 Unit brick building with an extra deconverted Garden Rare unit. Extra garden unit is currently vacant, but was rented for $750, tenant don't pay any utilities. 2 year old roof and few apartments remodeled last year. Property located on a quiet residential street, but close to the highway and shopping centers. 1 - 3 Bedrooms 2 Full Baths. 3 - 1 Bedroom 1 Full Bath. 1 extra unit - 1 Bedroom 1 Full Bath. 5 assigned parking spaces for tenants. Utility room and coin operated laundry are in basement. Close to Harlem Ave, schools, park, shopping, I-290, CTA Blue Line and Metra. Great tenants, clean and well managed building. Ready for pre-qualified investors or owner occupants.
