9830-32 W Grand Avenue Save Request In-Person Tour Request Virtual Tour
Franklin Park,IL 60131
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12070978
Year Built 1965
Annual Tax Amount $18,426
Tax Year 2023
Lot Dimensions 8750
Property Description
Prime investment opportunity to add to your portfolio. Attractive, All brick, well maintained 8 unit building in Prime Franklin Park Location maintained by the same ownership for over 30 years! This asset is comprised of 7 -1 bedroom units and 1 studio. Spacious units featuring hardwood floors, ample closet space, oak cabinet kitchens with ceramic tile flooring in most, including ceramic tiled bathrooms. Tenants have the convenience of Storage units and on-site laundry, owned by the Seller. Separate secure boiler room. 8 parking spots directly behind the building. Long term tenants-rents should be higher, 6 of the 8 units are month to month. Rents are low and can be much higher. Similar 1 bedroom units in the area are renting for $1,350/month, Studio units $800. Raising rents to market rate would generate an additional 27k annually. Property is located in a flood zone, seller has begun the appeal with FEMA.
Location
State IL
County Cook
Interior
Cooling Wall Sleeve
Fireplace N
Exterior
View Y/N true
Roof Type Composition
Building
Foundation Concrete Perimeter