8019 Foster Lane

    Niles, IL 60714
    • $640,000
    • STATUS: Closed
    • ON SITE: 101 days
    • MLS #: 09880268
    Sold - 03/30/2018
    $640,000
    SOLD - 03/30/2018
    • 0
      BEDS
    • 0.31
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,029
      SQFT
    • $159
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:
    Area:

    School Ratings & Info

    Description

    The cap rate on a real estate investment shows the potential rate of return on an investment. The cap rate on this solid, 6-unit investment property is at about a 6.57% cap rate whereas a typical savings account only earns about 0.01% on your money. On a further note, this is a well-maintained, all brick 6-unit, freestanding, arm-chair investment located at the center of a cul-de-sac and a great section of Niles! This cul-de-sac location is dotted with 6-unit buildings composed of 1-bedroom units, which makes it a very quiet location. One-bedroom units mean less rental turnover, fewer people living in a unit, less wear-and-tear on the unit and lower utility bills for the landlord! On a per unit basis, this building comes out to only $108,000 per unit! This building is nearly full with long-term tenants and there is definitely upside in rents too! Each unit features h/w flooring, and a spacious, clean and functional environment. It is located near schools, shopping and transportation.

    Sold by Century 21 Grande Realty.

    Monthly Payment Calculator



    © 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: 2018-06-20T08:52:11.963.

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    www.keyrealtyus.com/homes/81461403

    8019 Foster Lane Niles, IL 60714

    • Price: $650,000
    • Status: Closed
    • Updated: 31 min ago
    • MLS #: 09880268
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.31
    Acres
    4,029
    SQFT
    $159
    $/SQFT
    1964
    Built
    Neighborhood:
    Niles
    County:
    Cook
    Area:
    Niles
    Property Description
    The cap rate on a real estate investment shows the potential rate of return on an investment. The cap rate on this solid, 6-unit investment property is at about a 6.57% cap rate whereas a typical savings account only earns about 0.01% on your money. On a further note, this is a well-maintained, all brick 6-unit, freestanding, arm-chair investment located at the center of a cul-de-sac and a great section of Niles! This cul-de-sac location is dotted with 6-unit buildings composed of 1-bedroom units, which makes it a very quiet location. One-bedroom units mean less rental turnover, fewer people living in a unit, less wear-and-tear on the unit and lower utility bills for the landlord! On a per unit basis, this building comes out to only $108,000 per unit! This building is nearly full with long-term tenants and there is definitely upside in rents too! Each unit features h/w flooring, and a spacious, clean and functional environment. It is located near schools, shopping and transportation.
    Exterior Features

    Construction Brick Foundation Concrete Frontage Access City Street Land Amenities Curbs And GuttersSidewalks Lot Dimensions 143X47X125X172 Lot Sq Ft 13528 Number Of Parking Spaces 6 Roof Coverings Other Roof Structure Other

    Interior Features

    Air Conditioning Window Unit/S Fire Protection Smoke Or Fire Protectors Miscellaneous Inside Laundry Room Number Of Bedrooms Type5 1 Number Of Bedrooms Type6 1 Number Of Bedrooms Type7 0 Number Of Bedrooms Unit1 1 Number Of Bedrooms Unit2 1 Number Of Bedrooms Unit3 1 Number Of Bedrooms Unit4 1 Number Of Dishwashers 0 Number Of Disposals 0 Number Of Dryers 1 Number Of Fireplaces 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 Ranges 6 Number Of Refrigs 6 Number Of Rooms Unit Five 3 Number Of Rooms Unit Four 3 Number Of Rooms Unit Six 3 Number Of Rooms Unit1 3 Number Of Rooms Unit2 3 Number Of Rooms Unit3 3 Number Of Rooms Unit7 0 Number Of Stories 3 Number Of Units Apt Type1 1 Number Of Units Apt Type2 2 Number Of Units Apt Type3 3 Number Of Units Apt Type4 4 Number Of Units Apt Type5 5 Number Of Units Apt Type6 6 Number Of Units Apt Type7 0 Number Of Washers 1 Outdoor Parking 6-12 SpacesCommon Parking Repairs Decor Expense 0

    Property Features

    Age 36-50 Years Assessment Includes None Built Before1978 YN Yes Current Use Residential-Multi-Family Electric Expense Source Actual Electrical Service Circuit BreakersSeparate Meters Electricity Expense 350 Expense Year 2017 Exterior Building Type Brick Fuel Expense 2073 Fuel Expense Source Actual Gross Rental Income Amount 62340 Heat Ventilation GasHot Water Insurance Expense 1734 Insurance Expense Source Actual Janitor Expense 0 Known Encumbrances None Known Miscellaneous Outside Enclosed Porch Monthly Income Max1 900 Monthly Income Max2 770 Monthly Income Max3 900 Monthly Income Max4 875 Monthly Income Max5 850 Monthly Income Max6 900 Net Oper Income Amount 42759 Net Operating Income Year 2017 Number Of Window Ac 6 Other Expense Source Combination Other Expenses 0 Owners Assoc YN No Possession ClosingImmediate Potential Use Residential-Multi-Family Sale Terms Conventional Tax Year 2016 Taxes 12391 Tenant Pays Electric Total Annual Exp 19580 Total Annual Expense Source Actual Total Annual Income 62340 Total Monthly Income 5195 Township Maine Type Multi Family Flats Unincorporated YN No Utilities To Site Water-Municipal Washer Dryer Lsd YN No Water Expense 2072 Water Expense Source Actual Zoning Type Multi

    Listing information © 2018 Midwest Real Estate Data LLC.
    Listing provided courtesy of Keller Williams Chicago-O'hare.


    © 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: 2018-06-20T08:52:11.963.

    Digital Millennium Copyright Act
     
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