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616 Piper Lane

Prospect Heights, IL 60070
  • $549,900
  • STATUS: Active Under Contract
  • ON SITE: 62 days
  • MLS #: 11108062
Under Contract
UPDATED: 23 min ago
$549,900
  • 0
    BEDS
  • 0.32
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,796
    SQFT
  • $95
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1972
County:

School Ratings & Info

Description

Golden opportunity to own a profitable six flat. Fully tenant occupied and a great location. Free standing building in good condition. Roof less than 5 years. One of the largest buildings in the complex. Wonderful time of the year to own with all the interest in investment potential. Exterior showing only at this time. Hurry, opportunity knocks very seldom.

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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 John Lyons Real Estate | Baird & Warner. Based on information submitted to the MRED as of 2021-08-04T11:55:18.293 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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616 Piper Lane Prospect Heights, IL 60070

  • Price: $549,900
  • Status: Active Under Contract
  • Updated: 23 min ago
  • MLS #: 11108062
0
Beds
0
Baths
0
½ Baths
0.32
Acres
5,796
SQFT
$95
$/SQFT
1972
Built
Neighborhood:
Prospect Heights
County:
Cook
Area:
Prospect Heights
Property Description
Golden opportunity to own a profitable six flat. Fully tenant occupied and a great location. Free standing building in good condition. Roof less than 5 years. One of the largest buildings in the complex. Wonderful time of the year to own with all the interest in investment potential. Exterior showing only at this time. Hurry, opportunity knocks very seldom.
Exterior Features

Construction Materials Brick Foundation Details Concrete Perimeter Frontage Type Frontage Road Land Amenities Curbs And GuttersSidewalks Miscellaneous Outside Balcony/Ies Outdoor Parking 6-12 Spaces Parking Total 11 Roof Other Roof Structure Flat

Interior Features

Basement Description Slab Cooling Window Unit(S) Electric Circuit Breakers Heat Ventilation Central Bldg HeatHot Water Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Unit1 1 Number Of Bedrooms Unit2 2 Number Of Bedrooms Unit3 0 Number Of Bedrooms Unit4 0 Number Of Dryers 1 Number Of Full Bathrooms Type1 1 Number Of Full Bathrooms Type2 1 Number Of Ranges 6 Number Of Refrigs 6 Number Of Rooms Unit Five 0 Number Of Rooms Unit Four 0 Number Of Rooms Unit Six 0 Number Of Rooms Unit1 4 Number Of Rooms Unit2 4 Number Of Rooms Unit3 0 Number Of Rooms Unit7 0 Number Of Units Apt Type1 3 Number Of Units Apt Type2 3 Number Of Units Apt Type3 0 Number Of Units Apt Type4 0 Number Of Units Apt Type5 0 Number Of Units Apt Type6 0 Number Of Units Apt Type7 0 Number Of Washers 1 Number Of Window Ac 6

Property Features

Additional Parcels YN No Built Before1978 YN Yes Cap Rate 8.15 Current Use Multi-Family Electric Expense 450 Expense Year 2020 Exterior Building Type Brick Fuel Expense 1800 Gross Income 70560 Gross Scheduled Income 70560 Insurance Expense 1850 Janitor Expense 1200 Known Encumbrances None Known Lot Size Dimensions 110X130 Maintenance Expense 1800 Monthly Income Max1 900 Monthly Income Max2 1100 Net Operating Income Year 2020 Operating Expense 16750 Other Expense 2400 Owners Assoc YN No Possible Use Multi-Family Seller Will Add Existing Paper Tax Annual Amount 13588.1 Tax Year 2019 Tenant Pays Air ConditioningElectricity Total Monthly Income 5880 Trash Expense 0 Type Multi Family Hi-Rise Unincorporated YN No Utilities Sanitary SewerWater-Municipal Washer Dryer Leased YN No Water Sewer Expense 6600 Zoning Multi

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Re/Max Suburban.


© 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 John Lyons Real Estate | Baird & Warner. Based on information submitted to the MRED as of 2021-08-04T11:55:18.293 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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