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1625 W Morse Avenue,  Chicago IL, 60626

(Active)
$1,599,000
|
|
MLS# 10385506
1of
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Last Updated: 9/17/2019 3:59 AM
Description for 1625 W Morse Avenue Chicago, IL 60626
Great opportunity to own newer condo-quality 6 flat. Building consists of 2 simplexes and four duplex units and 6 garage parking spots. Fully Rented with income of $11,525 monthly. Building has been professionally managed since 2015 by a top notch company (City Habitat) and has a solid track record of consistent financial performance going back several years. Top of the line kitchen and baths. In-unit washer and dryer, all hardwood, fireplaces, tenant pays everything. 48 hour notice to show please. Property taxes were just successfully appealed (now estimated to be $16,100). Financials are a pro forma using 3-year averages for most expense projections. See attached Financial Statement showing past 3 years plus pro forma).
Price
$1,599,000
Cook
10385506
Active
Description
Great opportunity to own newer condo-quality 6 flat. Building consists of 2 simplexes and four duplex units and 6 garage parking spots. Fully Rented with income of $11,525 monthly. Building has been professionally managed since 2015 by a top notch company (City Habitat) and has a solid track record of consistent financial performance going back several years. Top of the line kitchen and baths. In-unit washer and dryer, all hardwood, fireplaces, tenant pays everything. 48 hour notice to show please. Property taxes were just successfully appealed (now estimated to be $16,100). Financials are a pro forma using 3-year averages for most expense projections. See attached Financial Statement showing past 3 years plus pro forma).
Listing Information
Property Type: Multi-Family, 3 Story
0.15 Acres 3
Neighborhood
Room Information
Interior Features
Central Air
Central
3
Exterior / Lot Features
None
45X150
MULTI
Driving Directions
Clark, north of Pratt, to Morse, east to 1625
Financial Considerations
11312220150000
$16,100
Listing Price History
sourceMLS

Chicago Real Estate

Chicago is located in Illinois. Chicago, Illinois 60626 has a population of 2,744,016.

The median household income in Chicago, Illinois 60626 is $35,011. The median household income for the surrounding county is $49,964 compared to the national median of $49,877. The median age of people living in Chicago 60626 is 37 years.

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Courtesy: Pearson Realty Group
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