7352 Langley Avenue

    Chicago, IL 60619
    • $375,000
    • STATUS: Active
    • ON SITE: 166 days
    • MLS #: 09826341
    Price Reduced
    UPDATED: 78 min ago
    $375,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    7350-52 S. Langley is a 6 unit Multifamily building in the Park Manor/North Chatham neighborhood of Chicago. The asset presents an opportunity for a qualified investor to purchase a well located property that was extensively updated in 2016 with individual furnaces. The building consists (6) 1beds 1bath units and mostly occupied by Section 8; 100% rent paid - inquire for more details - and currently yielding an in-place +9.9% CAP Rate and nearly a 22% CoC return. Improvements included updated kitchen and baths, individual furnaces, some plumbing, and roof layover & aluminum coated. **NOTE** This property and 7948 S. Dobson can be purchased as a package deal. Offering Memorandums are available upon request. Call broker for more information and Offering Memorandums are available upon request.

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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 Key Realty. 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 Key Realty 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: 2018-06-20T07:51:57.517.

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    www.keyrealtyus.com/homes/79711562

    7352 Langley Avenue Chicago, IL 60619

    • Price: $375,000
    • Status: Active
    • Updated: 78 min ago
    • MLS #: 09826341
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1922
    Built
    Neighborhood:
    Chi - Greater Grand Crossing
    County:
    Cook
    Area:
    Chi - Greater Grand Crossing
    Property Description
    7350-52 S. Langley is a 6 unit Multifamily building in the Park Manor/North Chatham neighborhood of Chicago. The asset presents an opportunity for a qualified investor to purchase a well located property that was extensively updated in 2016 with individual furnaces. The building consists (6) 1beds 1bath units and mostly occupied by Section 8; 100% rent paid - inquire for more details - and currently yielding an in-place +9.9% CAP Rate and nearly a 22% CoC return. Improvements included updated kitchen and baths, individual furnaces, some plumbing, and roof layover & aluminum coated. **NOTE** This property and 7948 S. Dobson can be purchased as a package deal. Offering Memorandums are available upon request. Call broker for more information and Offering Memorandums are available upon request.
    Exterior Features

    Construction BrickConcrete Foundation Concrete Lot Dimensions 43 X 125 Lot Sq Ft 5375 Number Of Parking Spaces 0 Roof Coverings Reflective CoatingRubber Roof Structure Flat

    Interior Features

    Basement Description Unfinished Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Type7 0 Number Of Bedrooms Unit1 1 Number Of Bedrooms Unit2 0 Number Of Bedrooms Unit3 0 Number Of Bedrooms Unit4 0 Number Of Dishwashers 0 Number Of Dryers 0 Number Of Full Bathrooms Type1 1 Number Of Ranges 6 Number Of Refrigs 6 Number Of Rooms Unit Five 0 Number Of Rooms Unit Four 0 Number Of Rooms Unit Six 0 Number Of Rooms Unit1 4 Number Of Rooms Unit2 0 Number Of Rooms Unit3 0 Number Of Rooms Unit7 0 Number Of Stories 2 Number Of Units Apt Type1 6 Number Of Units Apt Type2 0 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 Number Of Washers 0 Repairs Decor Expense 1200

    Property Features

    Age Older Built Before1978 YN Yes Electric Expense Source Actual Electricity Expense 532 Expense Year 2017 Exterior Building Type Brick Fuel Expense 2556 Fuel Expense Source Actual Gross Rental Income Amount 64800 Heat Ventilation Forced AirGasSeparate Per Unit Insurance Expense 2800 Insurance Expense Source Actual Janitor Expense 1200 Janitor Expense Source Broker Projection Monthly Income Max1 900 Net Oper Income Amount 38617 Other Expense Source Broker Projection Other Expenses 5913 Tax Year 2016 Taxes 5219 Tenant Pays ElectricHeat Total Annual Exp 22943 Total Annual Expense Source Combination Total Annual Income 61560 Total Monthly Income 5400 Township Hyde Park Type Multi Family Corridor-Exterior EntranceFlats Water Expense 2516 Water Expense Source Actual Zoning Type Multi

    Listing information © 2018 Midwest Real Estate Data LLC.
    Listing provided courtesy of Sperry Van Ness.


    © 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 Key Realty. 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 Key Realty 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: 2018-06-20T07:51:57.517.

    Digital Millennium Copyright Act
     
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    6755 Weaver Road Suite P
    Rockford IL, 61114