🏠🔥 Commercial Building |Chicago Heights IL| Multi Unit & Business🔥 🏠

Cook County, South Chicago Heights, IL, 60411 view full address
For Sale
Listed at: July 29th, 2024
Price
$250,000
ARV
$450,000
Gross Margin
$200,000
Sq. Footage
6051
Type
Commercial
Parking
Off street
Year build
1956
Lot size
acres
Bedrooms
5
Bathrooms
3.5
Half Bathrooms
0
If someone buys for this price, no more offers will be accepted
Summary

***FOR FASTEST RESPONSE PLEASE CALL OR TEXT THE AGENT LISTED ON THE DEAL***

 

Ben Toaff's Deal! (Instagram: AmericasTopWholesaler)

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Property Address:

3033 Chicago Rd, South Chicago Heights, IL 60411

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Summary

Commercial property that has 2 businesses and 2 residential apartments upstairs. The downstairs has two businesses that are curently under lease until September ($2550/m) as a SPA/Tanning shop. The upstairs holds both the occupied apartments, their details goes as follows:  2 bed/2 bath currently rented out at $1100.00 month to month, and a 1 bed/1 bath currently rented out at $800.00 month to month. Estimating 35% for expenses puts you at a 10% cap rate. (58 dollars per foot of building space).  Property will be sold with clear title.

TOTAL MONTHLY RENEVUE: $4,450.00 (with potential to raise!)

CALL MICHAEL: 954-864-7904

 

Property Details

  • Electrical: Good condition
  • Plumbing: Good condition
  • HVAC: Three AC's, one is 1 year old, one is 10 years old, the third is unknown age
  • Roof: Two roofs, one is 3 years old, second roof is less than 10 years old

 

Asking Price: 250K

 

 

CALL MICHAEL: 954-864-7904

 

-Showing Instructions: Appointment Only!!

-cash or hard money only

-sight unseen offers always prioritized.

-Must close with seller title company

-Buyer pays all closing costs 

-Deal not final until EMD is received.  

-Inspections done prior to contract. (Zero day inspection period)

-Realtors/wholesalers add commission to our asking price.

-We DO NOT work with Keyglee & New Western

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Michael Elosegui

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Disposition manager