1317 Vincennes Avenue

    Chicago Heights, IL 60411
    • $135,000
    • STATUS: Active
    • ON SITE: 50 days
    • MLS #: 10599255
    UPDATED: 71 min ago
    $135,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1928
    County:

    School Ratings & Info

    Description

    Attention Buy and Hold Investors! Kick off the New Year the Smart way by purchasing this Brick Multi-Unit Cash Flow Machine! This building the potential to gross $100,000+ in annual revenue! Take advantage of an awesome opportunity to pick up this 13 unit in the South Suburbs of Chicago Heights! This is a pure cash flow play! Finish this renovation to enjoy a very rich cap rate after renovation and expenses! All demolition done! Roof in great condition! Plumbing and electrical 95% complete! Great location! Renovation is about 65% complete. Building would require approximately $100,000 - $150,000 in additional renovation costs to complete. Studio apartments can rent for up to $700 per month! 1 bedrooms can rent for up to $800 per month! That's $9,400 per month in gross monthly rental revenue. This property also has the potential to be converted from a 13 unit into a 8 unit building with all 2/3 bedroom units! 2 bedrooms can rent for $950 and 3 beds can rent for $1,150. Please move swiftly, this one won't last long!

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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 Helen Oliveri Real Estate. Based on information submitted to the MRED as of 2020-02-20T09:15:31.447 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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    www.chicagolandexclusivehomes.com/homes/101953358

    1317 Vincennes Avenue Chicago Heights, IL 60411

    • Price: $135,000
    • Status: Active
    • Updated: 71 min ago
    • MLS #: 10599255
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1928
    Built
    Neighborhood:
    Chicago Heights
    County:
    Cook
    Area:
    Chicago Heights
    Property Description
    Attention Buy and Hold Investors! Kick off the New Year the Smart way by purchasing this Brick Multi-Unit Cash Flow Machine! This building the potential to gross $100,000+ in annual revenue! Take advantage of an awesome opportunity to pick up this 13 unit in the South Suburbs of Chicago Heights! This is a pure cash flow play! Finish this renovation to enjoy a very rich cap rate after renovation and expenses! All demolition done! Roof in great condition! Plumbing and electrical 95% complete! Great location! Renovation is about 65% complete. Building would require approximately $100,000 - $150,000 in additional renovation costs to complete. Studio apartments can rent for up to $700 per month! 1 bedrooms can rent for up to $800 per month! That's $9,400 per month in gross monthly rental revenue. This property also has the potential to be converted from a 13 unit into a 8 unit building with all 2/3 bedroom units! 2 bedrooms can rent for $950 and 3 beds can rent for $1,150. Please move swiftly, this one won't last long!
    Exterior Features

    Construction Brick Land Amenities Curbs And GuttersLighting/ExteriorSecurity EntranceSidewalks Lot Dimensions 45 X 125 Number Of Parking Spaces 8

    Interior Features

    Basement Description FinishedExterior AccessEgress Window Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Type7 0 Number Of Bedrooms Unit1 0 Number Of Bedrooms Unit2 1 Number Of Bedrooms Unit3 0 Number Of Bedrooms Unit4 0 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 Rooms Unit Five 0 Number Of Rooms Unit Four 0 Number Of Rooms Unit Six 0 Number Of Rooms Unit1 3 Number Of Rooms Unit2 4 Number Of Rooms Unit3 0 Number Of Rooms Unit7 0 Number Of Stories 3 Number Of Units Apt Type1 10 Number Of Units Apt Type2 3 Number Of Units Apt Type3 0 Number Of Units Apt Type4 0 Number Of Units Apt Type5 0 Number Of Units Apt Type6 0 Number Of Units Apt Type7 0 Outdoor Parking 6-12 SpacesOpenPavedPrivate Lot Repairs Decor Expense 0

    Property Features

    Age Older Built Before1978 YN Yes Current Use Residential-Multi-Family Electricity Expense 0 Exterior Building Type Brick Fuel Expense 0 Gross Rental Income Amount 112800 Heat Ventilation Central Bldg HeatForced AirGas Insurance Expense 0 Janitor Expense 0 Monthly Income Max1 700 Monthly Income Max2 800 Net Oper Income Amount 0 Other Expenses 0 Owners Assoc YN No Possession ClosingImmediate Potential Use Residential-Multi-Family Sale Terms Conventional Tax Year 2017 Taxes 20091 Tenant Pays Electric Total Annual Exp 0 Total Annual Income 112800 Total Monthly Income 9400 Township Bloom Type Multi Family Corridor-Interior Entrance Unincorporated YN No Water Expense 0 Zoning Type Multi

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Straight-A Realty, Llc.


    © 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 Helen Oliveri Real Estate. Based on information submitted to the MRED as of 2020-02-20T09:15:31.447 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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