Address
1635 Oak Street Chicago Heights, IL
Price
$ 309,900
Property Attributes
  • MLS#11239972
  • TypeContingent
  • CountyCOOK
  • CityChicago Heights
  • AreaChicago Heights
  • NeighborhoodIndian Hill
  • Zip60411
  • StyleMulti-Family
  • Year Built1893
  • Taxes$ 13245
  • Price$ 309,900
  • Bedrooms11
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6105
  • Lot Size9,264 SqFt
Listing Provided Courtesy Of:
Real People Realty, Inc.
Data Source:
Midwest Real Estate Data (MRED)
Property Description

All brick 7-unit money maker just a block from public transportation and village hall. Two- 3 bedroom/2 bath apartments and Five-1 bedroom apartments. Over 6,000 square feet and fully rented plus new front load coin-op washer/dryer for added income. Great cash flow. Cap Rate at 13.6%. Vintage hardwood floors and trim throughout and some units with upgraded kitchen and baths. Upgraded entry door and security gate to south of building. Individual heat in each unit. Tenants pay gas and electric. 3 hot water heaters, Rubber roof approximately 12 years old, windows 10 years old, new water line 2020, new rear porch roof 2021, new basement glass block windows and building unit furnace 2021. Rear parking for 6 cars. Building is in good condition but being sold as-is. Owner will comply with city occupancy inspection. **See broker private remarks for showing details**

Price History
10/7/2021 Listed $309,900

General Features

Additional Parcels Y/N No
City Chicago Heights
Construction Materials Brick, Concrete, Block
Contingency Attorney/Inspection
Cooling None
County Cook
Current Use Multi-Family
Days on Market 71
Directions Chicago Road to 16th Street East to Oak Street South to 1635 Oak on East Side of Street
Electric Circuit Breakers, Separate Meters
Electric Expense 450
Fuel Expense 1120
Grossincome 66700
Insurance Expense 2650
Lot Size Square Feet 9264
MLS Area Chicago Heights
Maintenanceexpense 3000
Net Operating Income 42335
Operatingexpense 24365
Property Type Commercial Sale
Property Type Multi Family 5+
Roof Rubber
Standard Status Active Under Contract
Status Contingent
Stories 2
Street Name Oak
Tax Annual Amount 13245
Tax Year 2020
Tenant Pays Electricity, Heat, Hot Water, Varies by Tenant
Total Units 7
Township Bloom
Trash Expense 800
Utilities Sanitary Sewer, Water-Municipal, Water to Site
Water Sewer Expense 3100
Year Built 1893
Zoning OTHER

Interior Features

Basement Unfinished, Exterior Access, Storage Space
Buyerofficeemail mrjavaman@hotmail.com
Street Suffix Street

Exterior Features

Building Area Total 6105
Buyerofficefax (630) 588-0547
Exterior Brick
Foundation Details Block, Brick/Mortar, Concrete Perimeter
Frontage Type City Street
Lot Dimensions 50X185
Total Parking 6

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 60411

Price
AVG $200K
$310K
Taxes
AVG $4,594
$13,245
Visits
AVG 57
60
Year Built
AVG 1962
1893
Walkscore
AVG 38
77
Data Provided by Walkscore ® not using MLS data