1115 S Troy St Chicago, IL 60612
Garfield Park Neighborhood
16
Beds
7
Baths
5,868
Sq Ft
3,500
Sq Ft Lot
About This Home
As of February 2021Awesome Cash Flow for This Spacious 5868 sq ft, Legal 6-Unit Grey Stone, Soon to Be Fully Leased! Three 3 Bed & Two 2 Bed Units w/ Primo Rental Prices & Hardwood Galore! 5 Minutes to Tri-Taylor, and 10 Minutes to Ukranian Village (the hottest neighborhood in the United States in 2016!) As Growth Continues, North Lawndale is Next in Line for Gentrification, Making it the Prime Neighborhood for Investment! Section-8 Units, Means a Guaranteed Deposit into Your Bank Account on the 1st of Each Month! No Worries About Delinquent Tenants, Because the Government Will Perpetually Pay You Out! These Meticulously Maintained Units Are Everything the Doctor Ordered, So Who Doesn't Want a Government Contract During Uncertain Times? Gated Front & Backyard, w/ Three-tiered Deck! Renovated Units Include Newer Plumbing, Electric, Windows, Tuck-Pointing, Roof & Separate HVACs, Water Heaters and Gas Meters for Each Unit! One Block Away From Gorgeous Douglas Park and Tons of Great Stores; Lawndale Plaza! Short Distance to CTA Blue and Pink Lines & I290! Of the 5+ Multi-Units Making Nearly $9K Per Month in Gross Income, 1115 S Troy is Less Than Half the Price of Any Available Property Nearest to Downtown! Schedule Your Showings Quickly, Because This Opportunity Won't Last! Everything Has Been Replaced Within the Past 6 Years! Seventh 1 Bed, 1 Bath Unit in Basement Has Been Grandfathered in w/ Option to Add an 8th Unit! Rent is Artificially Low as The Owner Has Never Raised Rents on His Quality, Long-Term Tenants, w/ Room to Easily Gross $200 More a Month Per Unit! Total Annual Income of $107,976 w/ an 18% Capitalization Rate!
Last Agent to Sell the Property
eXp Realty - Chicago North Ave License #475121545 Listed on: 01/06/2021
Last Buyer's Agent
Michael Lacy
Kiser Group Realty Inc License #475188177
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,620
Year Built
- Built in 1905
Lot Details
- 3,500 Sq Ft Lot
- Lot Dimensions are 25x125
Home Design
- Brick Foundation
Interior Spaces
- 5,868 Sq Ft Home
- 3-Story Property
- Exterior Basement Entry
Bedrooms and Bathrooms
- 16 Bedrooms
- 7 Bathrooms
Utilities
- Radiator
- Heating System Uses Gas
- Separate Meters
Listing and Financial Details
- Tenant pays for air conditioning, electricity, heat
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $348
- Insurance Expense $2,000
- Trash Expense $889
- Water Sewer Expense $1,195
- Operating Expense $4,432
- Gross Income $107,976
- Net Operating Income $98,924
Similar Homes in Chicago, IL
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/19/2021 02/19/21 | Sold | $515,000 | -6.4% | $88 / Sq Ft |
| 01/21/2021 01/21/21 | Pending | -- | -- | -- |
| 01/06/2021 01/06/21 | For Sale | $550,000 | -- | $94 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Seller's Agent in 2021
Ryan Widerberg
eXp Realty - Chicago North Ave
(847) 849-7748
1 in this area
85 Total Sales
-
M
Buyer's Agent in 2021
Michael Lacy
Kiser Group Realty Inc
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 10964146
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