1114 W HAWTHORNE Street, ARLINGTON HEIGHTS IL 60005 Photo 1 1114 W HAWTHORNE Street, ARLINGTON HEIGHTS IL 60005 Photo 2 1114 W HAWTHORNE Street, ARLINGTON HEIGHTS IL 60005 Photo 3 1114 W HAWTHORNE Street, ARLINGTON HEIGHTS IL 60005 Photo 4 1114 W HAWTHORNE Street, ARLINGTON HEIGHTS IL 60005 Photo 5 1114 W HAWTHORNE Street, ARLINGTON HEIGHTS IL 60005 Photo 6 1114 W HAWTHORNE Street, ARLINGTON HEIGHTS IL 60005 Photo 7 1114 W HAWTHORNE Street, ARLINGTON HEIGHTS IL 60005 Photo 8
Listing Courtesy of Baird & Warner

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1114 W HAWTHORNE Street - PERFECT TURN KEY INVESTMENT. 4 "California designed" buildings, each contains 8 units, laundry room and separate storage room. Tenants pay their own electricity ! Rare opportunity to purchase this professionally Property Management buildings. Outstanding location with walking distance to Arlington Park Metra Station (approx. 0.8 mile), Arlington Park Race Track (approx. 0.7) or the new $17 million dollar Arlington Heights Park District building(approx. 0.6 mile) that includes gymnasium, basketball courts, running/walk track, swimming pools, fitness center which is to be completed by 2020. The properties have higher income potential since the current monthly rates are below market. The buyer(s) will have great cash flow from day one. No HOA. Many recent updates include new paved parking lot and drive(2017), several new hot water heaters replaced (2018-2019), majority of apartments completely remodeled including new S/S kitchen appliances, new ext LED light fixtures, sec cam's(

Listing information

  • MLS® ID: 10451078
  • Status: Active
  • New Construction: No
  • Lot Size: 316X168
  • Style: Multi-Family
  • Stories: 2
  • Foreclosure: No
  • Estimated Annual Taxes: $38,574
  • Year Built: 1968
  • Parking Type Description: Reserved / Assigned 44 cars
  • Lot Area: 1.22 Acres
  • County: Cook

Features

Air Conditioning Wall Sleeve
Approximate Age 36-50 Years
Backup Info Leases-Copies, Rent Roll
Basement Description Crawl
Built Before 1978 (Y/N) Yes
Construction Brick, Concrete Block
Current Use Residential-Multi-Family
Electrical Service 0-100 Amps, Circuit Breakers
Exterior Building Type Brick
Fire Protection Carbon Monoxide Detector(s), Fire Extinguisher/s, Smoke or Fire Protectors
Foundation Concrete
Franchisor Feed(y/n) No
Frontage/Access City Street
Fuel Expense Source Actual
Heat/Ventilation Baseboard, Central Bldg Heat, Gas, Hot Water
Information 48-Hr Notice Required, List Broker Must Accompany, No Sign on Property, Non-Disclosure Agreement, Show-Call Listing Office
Land Amenities Cable Ready, Curbs and Gutters, Lighting/Exterior, Other, Sidewalks
Misc Inside Storage Inside
Misc Outside Balcony/ies, Courtyard, Security Lighting, Security System, Storms and Screens (as exist)
Other # Of Dishwashers - 0, # Of Disposals - 0, # Of Dryers - 4, # Of Ranges - 32, # Of Refrigs - 32, # Of Units - 32, # Of Washers - 4, # Of Window/Ac - 32, Approx Total Bldg Sq Ft - 23200, Electricity Expense - 1633, Expense Year - 2018, Fuel Expense - 0, Gross Rent Multiplier - 15, Gross Rental Income $ - 299208, Insurance Expense - 8357, Janitor Expense - 0, Net Oper Income $ - 22359, Net Operating Income Year - 2018, Other Expenses - 17289, Repairs-Decor Expense - 38645, Scavenger Expense - 3561, Tax Year - 2018, Total Annual Exp - 75613, Total Annual Income - 299208, Total Monthly Income - 24934, Township - Wheeling, Water Expense - 8293, Zoning Type - Multi
Outdoor Parking 31-50 Spaces, Assigned Spaces, Paved
Owners Assoc (Y/N) No
Ownership Type Individual
Possession Closing
Potential Use Residential-Multi-Family
Property Type Multi Family 5+
Roof Coverings Membrane, Rubber
Roof Structure Flat, Pitched
Sale Terms Conventional
Tenant Pays Air Conditioning, Electric
Type Multi-Family Courtyard
Unincorporated (Y/N) No
Utilities To Site Sanitary Sewer to Site, Water-Municipal
Washer/Dryer Lsd (Y/N) No
Listing Courtesy of Baird & Warner