Seller's Agent in 2021
Michael LaFargue
Coldwell Banker Realty
(773) 451-1200
1 in this area
37 Total Sales
This 6-Unit Auburn-Gresham property sits on a wide 35' x 125' parcel and is being sold As-Is. The building is solid, has some updates. GOOD NEWS! Each unit is separately metered for gas and electric and are served by central water heaters. GREAT NEWS! Each Individual unit has its own gas forced air furnace heating system. The furnaces are in goof condition, the roof is does not leak and the exterior porches are built to meet city requirements. This building is highlighted by a rare multiple brick floor to joist supporting walls. The attractive two-story property features 2, 2-bedroom, 1-bath, and 4, 1-bedroom, 1-bath rental units. Four units have similar finishes as they have each been updated over the past few years. One unit's rehab is 80% complete. One unit needs extensive bathroom and some kitchen repairs. The three remaining units need painting and minor repairs. With a projected Gross Income of $61,200 the projected NOI is $48,000 to $52,000 annually. This is based on an $850 and $950 monthly rent collected per unit. Extra income can be generated from pay washers and dryers and/or higher rents and storage. Area Cap Rates are 9.5% to 11%.
Last Agent to Sell the Property
Coldwell Banker Realty License #471011521 Listed on: 05/20/2021
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/27/2021 10/27/21 | Sold | $275,000 | -19.6% | $51 / Sq Ft |
| 09/25/2021 09/25/21 | Pending | -- | -- | -- |
| 08/31/2021 08/31/21 | For Sale | -- | -- | -- |
| 07/15/2021 07/15/21 | Pending | -- | -- | -- |
| 05/20/2021 05/20/21 | For Sale | $342,000 | -- | $64 / Sq Ft |
Seller's Agent in 2021
Michael LaFargue
Coldwell Banker Realty
(773) 451-1200
1 in this area
37 Total Sales
Seller Co-Listing Agent in 2021
Stewart Morales
Coldwell Banker Realty
(312) 771-1915
1 in this area
23 Total Sales
Buyer's Agent in 2021
Matthew Neistat
Jameson Sotheby's Intl Realty
(847) 714-2913
2 in this area
45 Total Sales
Source: Midwest Real Estate Data (MRED)
MLS Number: 11095578
APN: 20322160210000