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4101 W Gladys Avenue

Chicago, IL 60624
  • $825,000
  • STATUS: Active
  • ON SITE: 13 Days
  • MLS #: 11099785
UPDATED: 7 min ago
$825,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1901
County:

School Ratings & Info

Description

INVESTORS, take advantage of this 8.5% CAP 10-CONDO PORTFOLIO all in one condo building in Garfield Park. This portfolio gives effective control of the association with super-majority voting rights for possible DE-CONVERSION. Professionally managed, and low expenses offers GROSS RENTS of $120k, and NET INCOME of $70k (including management fee, self-manage for even juicier returns). ACT FAST.

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© 2021 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 Carolyn and Hillary Homes | Charles Rutenberg Realty. Based on information submitted to the MRED as of 2021-12-02T17:01:21.377 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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4101 W Gladys Avenue Chicago, IL 60624

  • Price: $825,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 7 min ago
  • MLS #: 11099785
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1901
Built
Neighborhood:
Chi - West Garfield Park
County:
Cook
Area:
Chi - West Garfield Park
Property Description
INVESTORS, take advantage of this 8.5% CAP 10-CONDO PORTFOLIO all in one condo building in Garfield Park. This portfolio gives effective control of the association with super-majority voting rights for possible DE-CONVERSION. Professionally managed, and low expenses offers GROSS RENTS of $120k, and NET INCOME of $70k (including management fee, self-manage for even juicier returns). ACT FAST.
Exterior Features

Exterior Building Type Brick Frontage Type City Street Parking Total 0 Roof Rubber Roof Structure Flat

Interior Features

Cooling Central Air Fireplaces Total 0 Heat Ventilation Forced AirGas Number Of Dishwashers 10 Number Of Dryers 0 Number Of Ranges 10 Number Of Washers 0

Property Features

Additional Parcels YN Yes Approximate Age Older Association Fee Includes WaterInsuranceExterior MaintenanceLawn CareScavengerSnow Removal Built Before1978 YN Yes Current Use Multi-Family Electric Circuit BreakersService - 0 To 100 Amps Gross Income 120300 Gross Scheduled Income 0 Insurance Expense 3168 Maintenance Expense 12000 Net Operating Income 70484 Operating Expense 49816 Ownership Types Limited Liability Corp Possible Use Multi-Family Tax Annual Amount 10000 Tax Year 2020 Tenant Pays ElectricityHeat Total Monthly Income 10025 Type Multi Family 5+

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Royal Service Realty Cmp.


© 2021 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 Carolyn and Hillary Homes | Charles Rutenberg Realty. Based on information submitted to the MRED as of 2021-12-02T17:01:21.377 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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