Bought with George Medina of GMS Realty Group, LLC
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1114 W HAWTHORNE ST Arlington Heights, IL 60005
23,200 SqFt
Key Details
Sold Price -
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 23,200 sqft
MLS Listing ID 10612053
Sold Date -
Year Built 1968
Annual Tax Amount $38,890
Tax Year 2018
Lot Size 1.220 Acres
Lot Dimensions 316X168
Property Sub-Type Multi Family 5+
Property Description
No fears here. The Covid-19 epidemic had almost no affect financially, with 90.4 % April full rent collect, and 100% May rent collected. PERFECT TURN KEY INVESTMENT. Four "California designed" buildings, each contains 8 units, laundry room and separate storage room. Tenants pay their own electricity ! Rare opportunity to own a great professional property managed Investment property. Outstanding location with walking distance to Arlington Park Metra Station (approx. 0.8 mile), Arlington Park Race Track (approx. 0.7) or the new $17 million dollar Arlington Heights Park District building(approx. 0.6 mile) that includes gymnasium, basketball courts, running/walk track, swimming pools, fitness center which is to be completed by 2020. The properties have higher income potential since the current monthly rents are below the local market. The buyer(s) will have great cash flow from day one. No HOA. Many recent updates include new paved parking lot and drive(2017), several new hot water heaters replaced (2018-2019 and 2020), majority of apartments completely remodeled including new S/S kitchen appliances, new LED exterior lighting fixtures, security camera's.
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Crawl Space
Interior
Cooling Wall Sleeve
Fireplace Y
Exterior
Utilities Available Sewer Connected
View Y/N true
Roof Type Membrane,Rubber
Building
Foundation Concrete Perimeter
Water Municipal Water
Structure Type Brick,Block
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