John Ruhl
- Buy
- Sell
Description
Fully renovated 3-unit investment opportunity in Albany Park. Extensive 2021 renovation included new electrical service, plumbing, HVAC systems, kitchens, cabinetry, appliances, flooring and interior finishes. Building consists of two 2-bedroom units and one 1-bedroom unit, all currently occupied. Current rental income is $5,175/month with additional income from on-site laundry and future parking revenue potential. Low-maintenance asset with strong in-place cash flow and value-add upside. Conveniently located near public transportation, restaurants, shopping, parks, and major commuter routes. Excellent opportunity for investors seeking a stabilized multifamily property in a high-demand rental market. 2024 property taxes: $9,071.31. On-site laundry generates additional income, with further upside available through parking rentals.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 5
Bathrooms: 3
County: Cook
Listed By:
Highmark Realty Group, LLC
773-961-7003
MRED MLS
MLS ID: 12682481
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4717 N Keystone Avenue, Chicago, IL 60630.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $779,000 | $779,000 | $779,000 |
| Down Payment | $155,800 | $27,265 | $194,750 |
| Monthly Mortgage Amount | $3,888 | $4,772 | $4,891 |
| Taxes | $1084 | $1084 | $1084 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $343 | $0 |
| Monthly Estimated Total | $5,199 | $6,426 | $6,202 |
John Ruhl
REALTOR®
Cell: (563) 320-5488
NAI Ruhl Commercial
5111 Utica Ridge Road
Davenport, IA 52807
(563) 355-4000
Davenport, IA 52807
(563) 355-4000
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