7145 S Ridgeland Avenue, CHICAGO IL 60649 Photo 1 7145 S Ridgeland Avenue, CHICAGO IL 60649 Photo 2 7145 S Ridgeland Avenue, CHICAGO IL 60649 Photo 3 7145 S Ridgeland Avenue, CHICAGO IL 60649 Photo 4 7145 S Ridgeland Avenue, CHICAGO IL 60649 Photo 5 7145 S Ridgeland Avenue, CHICAGO IL 60649 Photo 6 7145 S Ridgeland Avenue, CHICAGO IL 60649 Photo 7 7145 S Ridgeland Avenue, CHICAGO IL 60649 Photo 8 7145 S Ridgeland Avenue, CHICAGO IL 60649 Photo 9
Listing Courtesy of Keller Williams Preferred Realty

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7145 S Ridgeland Avenue - Well maintained brick 6 unit in South Shore with a detached 5 car brick garage. 5 units occupied with long term, great paying market tenants, and 1 owner unit. All units have 2 bedrooms and 1 bath with a front and rear enclosed porch areas, with heat included in the rents. Tenants pay for lights and cooking gas only. Coin operated laundry located in the basement. Some updated units with new porch, new roof and sky cap sealed in 2013, and on site janitor. Simple take over with a great property manager in place, purchase this great brick building and watch the cash flow. See attached for gas bill history. Small deferred maintenance - new windows required. Call today for more information or to arrange a viewing.

Listing information

  • MLS® ID: 09184693
  • Status: Active
  • New Construction: No
  • Lot Size: 6000
  • Style: Multi-Family
  • Stories: 3
  • Foreclosure: No
  • Estimated Annual Taxes: $5,222
  • Year Built: 1924
  • Parking Type Description: None 0 cars
  • Lot Area: 0.13
  • County: Cook

Features

Air Conditioning Window Unit/s
Approximate Age Older
Built Before 1978 (Y/N) Yes
Exterior Building Type Brick
Franchisor Feed(y/n) No
Fuel Expense Source Actual
Heat/Ventilation Radiant
Information 48-Hr Notice Required
Other # Of Units - 6, Approx Total Bldg Sq Ft - 7368, Electricity Expense - 420, Expense Year - 2015, Fuel Expense - 4056, Gross Rent Multiplier - 5, Gross Rental Income $ - 4675, Insurance Expense - 4648, Janitor Expense - 0, Net Oper Income $ - 31500, Net Operating Income Year - 2015, Other Expenses - 3720, Repairs-Decor Expense - 0, Scavenger Expense - 3312, Tax Year - 2014, Total Annual Exp - 15000, Total Annual Income - 46500, Total Monthly Income - 3875, Township - Hyde Park, Water Expense - 2560, Zoning Type - Multi
Possession Closing
Property Type Multi Family 5+
Tenant Pays Electric
Type Multi-Family Corridor-Exterior Entrance
Listing Courtesy of Keller Williams Preferred Realty