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DESCRIPTION

Fully occupied and well operated nine-unit apartment building in desirable Elmwood Park suburb. Many recent improvements including renovated apartments and mechanical upgrades. All tenants on one-year written leases. Nine-car newly paved parking lot. Coin-op laundry in common-area. Great rental location. Solid investment property.

KEY DETAILS
  • Price:
  • $930,000
  • Bedrooms:
  • 0
  • Full Baths:
  • 0
  • Square Footage:
  • 6,915
  • Acreage:
  • 0.07
  • Year Built:
  • 1965
  • MLS #:
  • MRD11098964
  • Street Address:
  • 7901 W Grand Ave
  • City:
  • Elmwood Park
  • State:
  • IL
  • Postal Code:
  • 60707
  • County:
  • Cook
  • Area:
  • Elmwood Park
  • Listing Status:
  • For Sale - Active

Building

  • Exterior Description:
  • Brick
  • Foundation:
  • Concrete Perimeter
  • Number Of Units:
  • 9
  • Stories:
  • 3
  • Total Building Square Footage:
  • 6915
  • Type Of Roof:
  • Composition
  • Year Built:
  • 1965

Business

  • Annual Electric Expenses:
  • 1282
  • Annual Insurance Expenses:
  • 2678
  • Annual Maintenance Expenses:
  • 4022
  • Annual Trash Expenses:
  • 663
  • Annual Water/Sewer Expenses:
  • 2262
  • Gross Income:
  • 100560
  • Net Operating Income:
  • 71161
  • Operating Expense:
  • 31799

Land

  • Conforms To Zoning:
  • Multi
  • Existing Land Use:
  • Multi-Family
  • Lot Square Footage:
  • 6250

Listing

  • Days On Market:
  • 99
  • Originating Mls:
  • Mred
  • Previous Listing Price:
  • 965000

Money

  • Property Taxes:
  • $17,714
  • Tax Year:
  • 2019
  • Tenant Pays:
  • Electricity

Structures

  • Parking Spaces:
  • 9

Systems

  • Electricity:
  • Circuit Breakers, Separate Meters

Source

  • Listing Provided By Vorobey Properties

    ILMRED
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