516 S Michigan Court, ADDISON IL 60101 Photo 1 516 S Michigan Court, ADDISON IL 60101 Photo 2 516 S Michigan Court, ADDISON IL 60101 Photo 3 516 S Michigan Court, ADDISON IL 60101 Photo 4 516 S Michigan Court, ADDISON IL 60101 Photo 5 516 S Michigan Court, ADDISON IL 60101 Photo 6 516 S Michigan Court, ADDISON IL 60101 Photo 7
Listing Courtesy of Charles Rutenberg Realty of Il

No driving directions were found. Please adjust your search.

516 S Michigan Court - Excellent investment opportunity! Solid all brick three story building with five total units. Unit one is an extra spacious garden apartment with two bedrooms, one and a half baths, a living room, and family room. Two other units are two bedroom and 1 bath, and the other two units are one bedroom and one bath. All units are in good condition, with good occupancy and low turnover rate. Additional income from owned coin washer and dryer. Great investment property located in a quiet court and backing up to an elementary school.

Listing information

  • MLS® ID: 09341926
  • Status: Active
  • New Construction: No
  • Lot Size: 8959
  • Style: Multi-Family
  • Stories: 3
  • Foreclosure: No
  • Estimated Annual Taxes: $9,658
  • Year Built: 1962
  • Parking Type Description: None 0 cars
  • Lot Area: 0.21
  • County: Du Page

Features

Approximate Age Older
Basement Description Finished
Built Before 1978 (Y/N) Yes
Construction Brick, Concrete
Exterior Building Type Brick
Franchisor Feed(y/n) No
Fuel Expense Source Actual
Heat/Ventilation Baseboard, Gas, Hot Water
Information 24-Hr Notice Required, Listing Agent Must Accompany, No Sign on Property, Seller's Disclosure
Other # Of Dishwashers - 0, # Of Disposals - 0, # Of Dryers - 1, # Of Ranges - 5, # Of Refrigs - 4, # Of Units - 5, # Of Washers - 1, # Of Window/Ac - 4, Approx Total Bldg Sq Ft - 3445, Electricity Expense - 784, Expense Year - 2015, Fuel Expense - 2397, Gross Rent Multiplier - 10.2, Gross Rental Income $ - 52800, Insurance Expense - 1576, Janitor Expense - 0, Net Oper Income $ - 34567, Net Operating Income Year - 2015, Other Expenses - 1658, Repairs-Decor Expense - 987, Scavenger Expense - 240, Tax Year - 2015, Total Annual Exp - 19553, Total Annual Income - 54120, Total Monthly Income - 4510, Township - Addison, Water Expense - 3800, Zoning Type - Multi
Owners Assoc (Y/N) No
Ownership Type Individual
Possession Closing
Property Type Multi Family 5+
Roof Coverings Shingle Composition
Sale Terms Cash Only, Conventional
Tenant Pays Electric
Type Multi-Family Flats
Utilities To Site Sanitary Sewer to Site, Water to Site
Washer/Dryer Lsd (Y/N) No
Listing Courtesy of Charles Rutenberg Realty of Il