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1037 W Polk Street

Chicago, IL 60607
  • $1,775,000
  • STATUS: Active
  • ON SITE: 42 Days
  • MLS #: 11248224
UPDATED: 9 min ago
$1,775,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1885
County:

School Ratings & Info

Description

Easy to manage with low operating expenses 6 unit updated apartment building one block from UIC East campus. Mix of (1) 4bd/1.5bath, (2) 3bd/1.5bath, (2) 2bd/1bath, and (1) 1bd/1bath units in a premier location. Property generates stable income with a 11.65 GRM and a 6.45% CAP rate. 5 units have in unit W/D and central air. Each unit has a separate WH. Capital improvements exceed +100K over the last several years. Property is centrally located near all public transportation and within minutes of the Central Business District. Proximity to campus provides a steady and active market. The true heart of the neighborhood is Taylor St, where you will find long-time restaurants that span generations. UIC has increased its enrollment for 6 straight years. Contact agent for full OM and financials.

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© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-28T15:59:02.437 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1037 W Polk Street Chicago, IL 60607

  • Price: $1,775,000
  • Status: Active
  • On Site: 42 Days
  • Updated: 9 min ago
  • MLS #: 11248224
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1885
Built
Neighborhood:
Chi - Near West Side
County:
Cook
Area:
Chi - Near West Side
Property Description
Easy to manage with low operating expenses 6 unit updated apartment building one block from UIC East campus. Mix of (1) 4bd/1.5bath, (2) 3bd/1.5bath, (2) 2bd/1bath, and (1) 1bd/1bath units in a premier location. Property generates stable income with a 11.65 GRM and a 6.45% CAP rate. 5 units have in unit W/D and central air. Each unit has a separate WH. Capital improvements exceed +100K over the last several years. Property is centrally located near all public transportation and within minutes of the Central Business District. Proximity to campus provides a steady and active market. The true heart of the neighborhood is Taylor St, where you will find long-time restaurants that span generations. UIC has increased its enrollment for 6 straight years. Contact agent for full OM and financials.
Exterior Features

Exterior Building Type Brick Parking Total 0 Roof Structure Flat

Interior Features

Cooling Central Air Heat Ventilation Forced AirGas Number Of Dishwashers 6 Number Of Dryers 5 Number Of Ranges 6 Number Of Washers 5

Property Features

Additional Parcels YN No Approximate Age Older Built Before1978 YN Yes Current Use Multi-Family Electric Circuit BreakersService - 101 To 200 Amps Gross Income 152400 Gross Scheduled Income 152400 Insurance Expense 3400 Maintenance Expense 1800 Net Operating Income 114529 Operating Expense 33299 Tax Annual Amount 15628 Tax Year 2019 Tenant Pays Air ConditioningElectricityHeat Total Monthly Income 12700 Type Multi Family 5+

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Triton Realty Group Llc.


© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-28T15:59:02.437 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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2401 East Empire
Bloomington IL, 61704