4901 Patterson Avenue

    Chicago, IL 60641
    • $840,000
    • STATUS: Active Under Contract
    • ON SITE: 31 days
    • MLS #: 10134486
    Under Contract
    UPDATED: 28 min ago
    $840,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,000
      SQFT
    • $120
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1911
    County:

    School Ratings & Info

    Description

    Come explore this unique multi-family 8 unit opportunity in the Portage Park neighborhood of Chicago. Two brick buildings (with full unfinished basements) each having four units on one lot and one PIN. There are four 1-bedroom units and four 2-bedroom units and the building is fully rented and collecting high rents. The units are large and feature hardwood floors. High income producing property with room to raise rents and low expenses equate to a good investment in a quickly appreciating neighborhood. See attached offering memorandum for financial information and photos.

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    © 2018 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 the MLS or The Perotti Group | Compass Real Estate. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than The Perotti Group | Compass Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. 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. Data last updated: 2018-12-11T10:51:04.293.

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    www.theperottigroup.com/homes/89298726

    4901 Patterson Avenue Chicago, IL 60641

    • Price: $840,000
    • Status: Active Under Contract
    • Updated: 28 min ago
    • MLS #: 10134486
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    7,000
    SQFT
    $120
    $/SQFT
    1911
    Built
    Neighborhood:
    Chi - Portage Park
    County:
    Cook
    Area:
    Chi - Portage Park
    Property Description
    Come explore this unique multi-family 8 unit opportunity in the Portage Park neighborhood of Chicago. Two brick buildings (with full unfinished basements) each having four units on one lot and one PIN. There are four 1-bedroom units and four 2-bedroom units and the building is fully rented and collecting high rents. The units are large and feature hardwood floors. High income producing property with room to raise rents and low expenses equate to a good investment in a quickly appreciating neighborhood. See attached offering memorandum for financial information and photos.
    Exterior Features

    Construction Brick Foundation Concrete Frontage Access City Street Land Amenities Sidewalks Lot Dimensions 40 X 126 Lot Sq Ft 5040 Number Of Parking Spaces 0

    Interior Features

    Number Of Bedrooms Type5 1 Number Of Bedrooms Type6 1 Number Of Bedrooms Type7 1 Number Of Bedrooms Unit1 2 Number Of Bedrooms Unit2 2 Number Of Bedrooms Unit3 2 Number Of Bedrooms Unit4 2 Number Of Dryers 2 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 Ranges 8 Number Of Refrigs 8 Number Of Rooms Unit Five 4 Number Of Rooms Unit Four 5 Number Of Rooms Unit Six 4 Number Of Rooms Unit1 5 Number Of Rooms Unit2 5 Number Of Rooms Unit3 5 Number Of Rooms Unit7 4 Number Of Stories 2 Number Of Units Apt Type1 1 Number Of Units Apt Type2 1 Number Of Units Apt Type3 1 Number Of Units Apt Type4 1 Number Of Units Apt Type5 1 Number Of Units Apt Type6 1 Number Of Units Apt Type7 1 Number Of Washers 2 Repairs Decor Expense 4060

    Property Features

    Age Older Built Before1978 YN Yes Contingency Flag Attorney/Inspection Current Use Residential-Multi-Family Electric Expense Source Combination Electricity Expense 445 Expense Year 2018 Exterior Building Type Brick Fuel Expense 2011 Fuel Expense Source Combination Gross Rental Income Amount 7340 Heat Ventilation Radiators Insurance Expense 4483 Insurance Expense Source Combination Janitor Expense 1201 Janitor Expense Source Combination Known Encumbrances None Known Monthly Income Max1 900 Monthly Income Max2 900 Monthly Income Max3 1000 Monthly Income Max4 900 Monthly Income Max5 900 Monthly Income Max6 1000 Monthly Income Max7 880 Net Oper Income Amount 53154 Net Operating Income Year 2018 Other Expense Source Combination Other Expenses 7061 Owners Assoc YN No Potential Use CondominiumResidential-Multi-Family Tax Year 2017 Taxes 9356.71 Tenant Pays ElectricVaries By Tenant Total Annual Exp 28046 Total Annual Expense Source Combination Total Annual Income 88260 Total Monthly Income 7340 Township Jefferson Type Multi Family Flats Washer Dryer Lsd YN No Water Expense 6164 Water Expense Source Combination Zoning Type Multi

    Listing information © 2018 Midwest Real Estate Data LLC.
    Listing provided courtesy of Baird & Warner.


    © 2018 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 the MLS or The Perotti Group | Compass Real Estate. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than The Perotti Group | Compass Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. 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. Data last updated: 2018-12-11T10:51:04.293.

    Digital Millennium Copyright Act
     
    The Perotti Group | Compass Real Estate
    1643 N Milwaukee
    Chicago IL, 60647