North Chicago, IL 60064,1435 Hervey Avenue
North Chicago, IL 60064,1435 Hervey Avenue
North Chicago, IL 60064,1435 Hervey Avenue
19
$600,000
$587,000
2.2%
Est.Price: ?

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7,500 SqFt

1435 Hervey Avenue North Chicago, IL 60064

Est. payment /mo
SOLD DATE : 04/18/2024

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Key Details

Sold Price $600,000

Property Type Commercial

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

Square Footage 7,500 sqft

Price per Sqft $80

MLS Listing ID 11657428

Sold Date 04/18/24

Year Built 1957

Annual Tax Amount $15,227

Tax Year 2021

Lot Size 0.500 Acres

Lot Dimensions 155 X 130

Property Description

CASH COW WITH POSSIBLE RENT INCREASES TOO!! 5 UNIT LARGE SOLID BRICK TOWNHOUSE BUILDING REMODELED 2016. NEW ROOF IN 2020. FOUR 3-BEDROOMS AND ONE LARGE 2-BEDROOM UNIT ALL WITH FINISHED BASEMENTS, 2 FULL BATHS, FENCED BACK & FRONT YARD, ASSIGNED PARKING SPACES. NEWER APPLIANCES INCLUDING WASHER AND DRYER IN EACH UNIT. EACH UNIT HAS OWN METER FOR THE UTILITIES. UPGRADED ELECTRIC AND PLUMBING. NEWER CENTRAL AIR. INSPECTED AND UP TO CODE WITH CITY. NEW DRAIN TILE ON ALL BASEMENT AND NEW SUMP PUMPS, NEW WINDOWS INCLUDING NEW UP TO CODE BASEMENT EGRESS WINDOW ON ALL UNITS. GREAT CAP RATE. LOT TO THE NORTH & SOUTH ARE BOTH INCLUDED. TOTAL 7 PINS. CERTIFIED SECTION 8. INCREASE RENT TO 2024 HUD APPROVED RENT FOR SECTION 8 ($1820 FOR 3 BEDS, $1430 FOR 2 BEDS = TOTAL MONTHLY POTENTIAL INCOME OF $8,710) - SEE ATTACHED FROM HUD USER. SELLER REQUESTS FLEXIBLE CLOSING WITH 1031 EXCHANGE.

Location

State IL

County Lake

Zoning MULTI

Interior

Cooling Central Air

Fireplace Y

Exterior

Utilities Available Sanitary Sewer, Water-Municipal

View Y/N true

Roof Type Membrane,Reflective Coating

Building

Foundation Concrete Perimeter

Structure Type Brick

Others

HOA Fee Include None

Read Less


Listed by Doug Anderson • Blue Fence Real Estate Inc.
Bought with Artur Barkan • KOMAR

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