This is a money maker. All units rented. Gross income 87000. Expenses 42541. Final income $44,458. Yes, large cash on cash return. Great opportunity to buy $650,000 investment for $400,000. Five huge 3 bedroom, 2 bath updated condo units with in-unit laundry. 9 units in the association. Association dues are 202/ month. Tenants pay heat and electric. Association has all other expenses. All units have central Air Conditioning. Newer furnaces and AC units. Great condition. Each unit has deeded parking space. There is 6 deeded parking spaces with the units. Plenty of street parking as this is a corner building. 5 minutes to Interstate 94 to downtown. Open spacious land around for future development. Great little money maker. Owner needs to sell fast. He has priced this investment accordingly. Call listing agent for showings.
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For more information about 501-505 W 60, Chicago, IL 60621 contact Corcoran Urban Real Estate.
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Listing provided by Coldwell Banker Realty
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