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6558 W Montrose AVE Harwood Heights, IL 60706
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Key Details
Sold Price $1,400,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11808033
Year Built 1960
Annual Tax Amount $15,052
Tax Year 2021
Property Sub-Type Multi Family 5+
Property Description
Well maintained L shape all brick 9 APARTMENTS MULTI-FAMILY building in sought after Harwood Heights. Two apartments were JUST REMODELED and all units are currently tenants occupied. All kitchen updates: 1 brand new white cabinets and 8 kitchens have newer oak cabinets and newer appliances. 5 bathrooms was also remodeled within 6 years. Newer windows (2015), soffit and fascia, newer gutters (2014). Newer hot water tank (2019). Newer appliances and electric service (2014). Coin laundry and each tenant has their storage in the basement or conveniently next to their unit. 5 parking spaces behind the building and more parking off the Nashville Ave street. Many currently residing tenants are long term tenants. Newly remodeled units are on annual leases and some other tenants on M/M basis. *** Through improved conditions and raised leases amount, management, and market interest rate, an investor has the opportunity to achieve even higher cash flow and Capitalization rate. GOOD AND RARE INCOME PRODUCING INVESTMENT PROPERTY*** Located right between Ridgemoor Country Club and Wilbur College.
Location
State IL
County Cook
Area Harwood Heights
Zoning MULTI
Interior
Cooling Wall Sleeve, Window Unit(s)
Exterior
Utilities Available Sewer Connected
Roof Type Composition
Building
Water Municipal Water
Structure Type Brick,Concrete
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Bought with Gerald Fuentes • Hometown Real Estate
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Chris Buckely
IL/IN/MI Managing Broker | License ID: IN- RB17001753 | IL- 477013311
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