1223 Beacon Street, East Chicago, IN
Multi-family for Sale - $600,000 - 26,460 Sq. Ft. on 0.32 acres
Property Info
CIMLS# | 1032796 |
Location 1223 Beacon Street East Chicago IN 46312 | |
Updated | November 27th, 2018 |
Type | Multi-family |
Price | $600,000 |
Building | 26,460 Sq. Ft. |
Land | 0.32 acres |
Property Description
This is a presently FULLY LEASED 21 unit apartment building with 26,460 SF on a .32 acres lot. There are 18 one (1) bedroom units and 3 two (2) bedrooms units. Each unit is separately metered for gas and electric. Landlord pays common electric and gas for boilers. A completely new heating system was installed Aug/Sept of 2012 to include all new flue/gas/water piping wiring and controls. The unit is a Lochinvar CBN0747, Copperfin, gas fired heating boiler system. There is no central air, but some tenants do have window mounted a/c units. Zoning is R-2 Two family residential - it appears to be a nonconforming grandfathered use as 21 unit apartment building use.
Located across from Bishop Noll Institute High School on the East corner of White Oak and Beacon Street. 1 block south of Chicago Avenue (S.R. 312). Less than a mile east of Indianapolis Blvd. 1 1/2 miles southeast of the Indiana Toll Road (I-90) interchange at Calumet Avenue. 3 miles west of Cline Avenue. Approximately 40 minutes south east of Chicago.