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1435 Hervey Avenue

North Chicago, IL 60064
  • $600,000
  • STATUS: Closed
  • ON SITE: 551 Days
  • MLS #: 11657428
Sold - 04/18/2024
$600,000
SOLD - 04/18/2024
  • 0
    BEDS
  • 0.5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1957
County:

School Ratings & Info

Description

CASH COW WITH POSSIBLE RENT INCREASES TOO!! 5 UNIT LARGE SOLID BRICK TOWNHOUSE BUILDING REMODELED 2016. NEW ROOF IN 2020. FOUR 3-BEDROOMS AND ONE LARGE 2-BEDROOM UNIT ALL WITH FINISHED BASEMENTS, 2 FULL BATHS, FENCED BACK & FRONT YARD, ASSIGNED PARKING SPACES. NEWER APPLIANCES INCLUDING WASHER AND DRYER IN EACH UNIT. EACH UNIT HAS OWN METER FOR THE UTILITIES. UPGRADED ELECTRIC AND PLUMBING. NEWER CENTRAL AIR. INSPECTED AND UP TO CODE WITH CITY. NEW DRAIN TILE ON ALL BASEMENT AND NEW SUMP PUMPS, NEW WINDOWS INCLUDING NEW UP TO CODE BASEMENT EGRESS WINDOW ON ALL UNITS. GREAT CAP RATE. LOT TO THE NORTH & SOUTH ARE BOTH INCLUDED. TOTAL 7 PINS. CERTIFIED SECTION 8. INCREASE RENT TO 2024 HUD APPROVED RENT FOR SECTION 8 ($1820 FOR 3 BEDS, $1430 FOR 2 BEDS = TOTAL MONTHLY POTENTIAL INCOME OF $8,710) - SEE ATTACHED FROM HUD USER. SELLER REQUESTS FLEXIBLE CLOSING WITH 1031 EXCHANGE.

Sold by KOMAR.

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© 2024 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 Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-04-24T23:04:20.92 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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1435 Hervey Avenue North Chicago, IL 60064

  • Price: $587,000
  • Status: Closed
  • On Site: 551 Days
  • Updated: 101 min ago
  • MLS #: 11657428
0
Beds
0
Baths
0
½ Baths
0.5
Acres
1957
Built
Neighborhood:
North Chicago
County:
Lake
Area:
North Chicago
Property Description
CASH COW WITH POSSIBLE RENT INCREASES TOO!! 5 UNIT LARGE SOLID BRICK TOWNHOUSE BUILDING REMODELED 2016. NEW ROOF IN 2020. FOUR 3-BEDROOMS AND ONE LARGE 2-BEDROOM UNIT ALL WITH FINISHED BASEMENTS, 2 FULL BATHS, FENCED BACK & FRONT YARD, ASSIGNED PARKING SPACES. NEWER APPLIANCES INCLUDING WASHER AND DRYER IN EACH UNIT. EACH UNIT HAS OWN METER FOR THE UTILITIES. UPGRADED ELECTRIC AND PLUMBING. NEWER CENTRAL AIR. INSPECTED AND UP TO CODE WITH CITY. NEW DRAIN TILE ON ALL BASEMENT AND NEW SUMP PUMPS, NEW WINDOWS INCLUDING NEW UP TO CODE BASEMENT EGRESS WINDOW ON ALL UNITS. GREAT CAP RATE. LOT TO THE NORTH & SOUTH ARE BOTH INCLUDED. TOTAL 7 PINS. CERTIFIED SECTION 8. INCREASE RENT TO 2024 HUD APPROVED RENT FOR SECTION 8 ($1820 FOR 3 BEDS, $1430 FOR 2 BEDS = TOTAL MONTHLY POTENTIAL INCOME OF $8,710) - SEE ATTACHED FROM HUD USER. SELLER REQUESTS FLEXIBLE CLOSING WITH 1031 EXCHANGE.
Exterior Features

Exterior Building Type Brick Foundation Details Concrete Perimeter Frontage Type City Street Land Amenities Children's Play YardCurbs and GuttersLighting/ExteriorSidewalksOtherCable Ready Outdoor Parking 6-12 Spaces Roof MembraneReflective Coating Roof Structure Flat

Interior Features

Basement FinishedEgress Window Cooling Central Air Fireplaces Total 0 Heat Ventilation Forced Air Miscellaneous Inside Laundry Room Number Of Dishwashers 0 Number Of Dryers 5 Number Of Ranges 5 Number Of Washers 5

Property Features

Additional Parcels YN Yes Approximate Age 36-50 Years Association Fee Includes None Building Area Total 7500 Built Before1978 YN Yes Current Use Multi-Family Electric Circuit Breakers Financing Other Fire Protection Carbon Monoxide Detector(s) Gross Income 77940 Gross Scheduled Income 77940 Insurance Expense 1977 Maintenance Expense 0 Mls Actual Status Closed Net Operating Income 25596 Operating Expense 49353 Possible Use Multi-Family Short Sale Not Applicable Tax Annual Amount 15227.4 Tax Year 2021 Tenant Pays ElectricityHeat Total Monthly Income 6495 Township Waukegan Type Multi Family 5+ Utilities Sanitary SewerWater-Municipal Zoning MULTI

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Blue Fence Real Estate Inc.: 847-557-0106.


© 2024 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 Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-04-24T23:04:20.92 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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