1626 N 31st Avenue, MELROSE PARK IL 60160 Photo 1 1626 N 31st Avenue, MELROSE PARK IL 60160 Photo 2 1626 N 31st Avenue, MELROSE PARK IL 60160 Photo 3 1626 N 31st Avenue, MELROSE PARK IL 60160 Photo 4 1626 N 31st Avenue, MELROSE PARK IL 60160 Photo 5 1626 N 31st Avenue, MELROSE PARK IL 60160 Photo 6 1626 N 31st Avenue, MELROSE PARK IL 60160 Photo 7 1626 N 31st Avenue, MELROSE PARK IL 60160 Photo 8 1626 N 31st Avenue, MELROSE PARK IL 60160 Photo 9 1626 N 31st Avenue, MELROSE PARK IL 60160 Photo 10 1626 N 31st Avenue, MELROSE PARK IL 60160 Photo 11 1626 N 31st Avenue, MELROSE PARK IL 60160 Photo 12 1626 N 31st Avenue, MELROSE PARK IL 60160 Photo 13 1626 N 31st Avenue, MELROSE PARK IL 60160 Photo 14 1626 N 31st Avenue, MELROSE PARK IL 60160 Photo 15 1626 N 31st Avenue, MELROSE PARK IL 60160 Photo 16 1626 N 31st Avenue, MELROSE PARK IL 60160 Photo 17
Listing Courtesy of Coldwell Banker Residential

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1626 N 31st Avenue - GREAT INVESTMENT OPPORTUNITY. ALWAYS RENTED BRICK 6 FLAT LOCATED ON A SIDE STREET TUCKED AWAY IN A QUIET AREA OF MELROSE PARK. ALL SPACIOUS 4 ROOM LIVING - DINING ROOM KITCHEN AND ONE BEDROOM APARTMENTS MAKE FOR A LOW NUMBER OF ACTUAL TENANTS MOST OF WHICH HAVE BEEN THERE FOR MANY YEARS. SOME APARTMENTS HAVE UPDATED KITCHENS AND BATHS. LOW COST UTILITIES KEEP THIS A GOOD INCOME PRODUCING INVESTMENT. PARKING IN THE REAR AND PLENTY OF STREET PARKING. ALL APARTMENTS CURRENTLY LEASED WITH STAGGERED EXPIRATION DATES. 9% CAP RATE.

Listing information

  • MLS® ID: 09388860
  • Status: Active
  • New Construction: No
  • Lot Size: 35 X 125
  • Style: Multi-Family
  • Stories: 2
  • Foreclosure: No
  • Estimated Annual Taxes: $12,942
  • Year Built: 1962
  • Parking Type Description: None 0 cars
  • Lot Area: 0.12
  • County: Cook

Features

Approximate Age 36-50 Years
Built Before 1978 (Y/N) Yes
Construction Brick
Current Use Residential-Multi-Family
Electrical Service 0-100 Amps, Circuit Breakers
Exterior Building Type Brick
Foundation Concrete
Franchisor Feed(y/n) No
Fuel Expense Source Actual
Heat/Ventilation Gas, Hot Water
Information 48-Hr Notice Required, Show-Special Instructions
Misc Inside Storage Inside
Misc Outside Enclosed Stairs
Other # Of Disposals - 0, # Of Dryers - 1, # Of Ranges - 6, # Of Refrigs - 6, # Of Units - 6, # Of Washers - 1, Approx Total Bldg Sq Ft - 4142, Electricity Expense - 420, Expense Year - 2015, Fuel Expense - 1613, Gross Rent Multiplier - 7.3, Gross Rental Income $ - 56640, Insurance Expense - 2157, Janitor Expense - 0, Net Oper Income $ - 37400, Net Operating Income Year - 2015, Other Expenses - 0, Repairs-Decor Expense - 0, Scavenger Expense - 669, Tax Year - 2015, Total Annual Exp - 19241, Total Annual Income - 56640, Total Monthly Income - 4720, Township - Proviso, Water Expense - 1440, Zoning Type - Multi
Outdoor Parking 6-12 Spaces
Owners Assoc (Y/N) No
Ownership Type Individual
Potential Use Residential-Multi-Family
Property Type Multi Family 5+
Tenant Pays Electric
Type Multi-Family Flats
Unincorporated (Y/N) No
Washer/Dryer Lsd (Y/N) No
Listing Courtesy of Coldwell Banker Residential