About 1123 Grant Avenue
Rents have increased to provide a buyer with a 10.3% CAP Rate on this ideal investment opportunity. This meticulously maintained, 3-unit apartment building is fully occupied, with 2 long-term tenants, and bringing in over $20K per year in NOI. The two 1st floor units feature spacious living rooms and hardwood floors throughout living room and both bedrooms; units offer a large eat-in kitchen with ceramic tile floors. The 2nd floor unit has private entrance, large living room and extra large bedroom with eat in kitchen and newer carpeting. Property has central heat and A/C. Both A/C units are approx. 10 years old and function as intended. Tenants pay their own electric and gas - all separately metered. Sale includes 3 refrigerators, 3 stoves and washer/dryer. PROPERTY IS NOT APPROVED FOR FHA FINANCING -- ONLY CASH OR CONVENTIONAL FINANCING. Property is in great condition, but will be sold "AS-IS". Property has already passed village inspection. Previous deals fell through due to buyers financing.
Features of 1123 Grant Avenue
| MLS® # | 11703236 |
|---|---|
| Price | $215,000 |
| Units | 3 |
| Bedrooms | 5 |
| Bathrooms | 3.00 |
| Acres | 0.07 |
| Year Built | 1949 |
| Type | Residential Income |
| Sub-Type | Two to Four Units |
| Style | Bungalow |
| Status | Active |
| Multi-Family | No |
Community Information
| Address | 1123 Grant Avenue |
|---|---|
| Area | Chicago Heights |
| City | Chicago Heights |
| County | Cook |
| State | IL |
| Zip Code | 60411 |
Interior
| Heating | Natural Gas, Forced Air |
|---|---|
| Fireplace | No |
| Has Basement | Yes |
| Basement | Full |
Exterior
| Exterior | Brick |
|---|---|
| Roof | Asphalt |
School Information
| District | 206 |
|---|---|
| Elementary | Roosevelt Elementary School |
| Middle | Chicago Heights Middle School |
| High | Bloom High School |
Additional Information
| Days on Market | 317 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | BHHS Chicago |
|---|