7.89% Cap Rate, 9.85% GRM and $102,529 NOI in Albany Park, East of Pulaski. This corner brick 2 story building features 2 retail stores consist of 4150 in total SF, 8 apartments: 1 (3/1), 5 (2/1), and 2 (1/1). All 8 residential units are leased to long term tenants (way below market rent), all units have central heating and window AC units, 10' ceilings. M & J Liquor's & T&B restaurant's leases are good through 8/23 & 1/24 respectively, central HVAC units for these two retail stores & unfinished basement. Newer Roof. Note that, Seller owns the restaurant kitchen equipments and refrigerations. 58x125 lot size. 2017 property tax was only $10,671. Upgrades are needed to maximize rental incomes. Perfect for investors who are looking to buy and hold, or a good value-added investment.
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Listing information last updated on November 21st, 2019 at 5:36pm CST.