Sandy Jo Huizenga
- Buy
- Sell
https://www.ruhlmortgage.com/LawrenceDavis.html
Description
Heart of Portage Park area. Park is literally 2 blocks south of the property. Building consists of 2 stores and 4 apartments plus a 3-car detached garage. All apartments have updated kitchens and baths. Stores are a beauty shop on the corner about 1200 square feet leased till May 2028 at $1450. per month. Store to the east about 1100 square feet is an art studio leased till September 2027 at $1125. per month. Both stores are under rented. Stores were at one time combined and served as a large grocery store and can easily be done again. Apartments in front are 5 room 2 bedroom depending on use can be 3 bedroom. rented at $1540. and $1850. Two apartments in the rear are 4 room one bedroom leased for $1105. and $1140. 3 car garage and part of basement are rented to a contractor for $600. per month. Total income $8810 per month or $105720 yearly. Gross multiplier 9.32. Expenses total $30182. Net income $75538. Cap rate of 7.6%. Newly coated roof with silicone newer boiler heating system and hot water tank. Any questions, concerns or comments regarding this listing please contact: Norbert Mika Text or email preferred. Do not contact Matthew Mika. See broker remarks for contact information.
Property Highlights
Property Type: Multi Unit - Retail
General Information
County: Cook
Listed By:
Compass
312-319-1168
MRED MLS
MLS ID: 12745373
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5257 W Montrose Avenue, Chicago, IL 60634.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $985,000 | $985,000 | $985,000 |
| Down Payment | $197,000 | $34,475 | $246,250 |
| Monthly Mortgage Amount | $4,981 | $6,034 | $6,184 |
| Taxes | $1371 | $1371 | $1371 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $591 | $0 |
| Monthly Estimated Total | $6,639 | $8,283 | $7,842 |
Sandy Jo Huizenga
REALTOR®
Cell: (563) 321-7996
Licensed in IA & IL
Clinton Office
301 North Second Street
Clinton, IA 52732
(563) 242-4602
Clinton, IA 52732
(563) 242-4602
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