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. 5 units occupied with year leases in place and great paying tenants, 1 owner unit. All units have 2 bedrooms and 1 bath with a front and rear enclosed areas, with heat included in the rents. Tenants pay for lights and cooking gas only. Updated units with newer porch, new roof and sky cap, and on site janitor. Simple take over with a great property manager, purchase and watch the cash flow. 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