Property Listing No Longer Available for Sale

563 W Dempster, Mount Prospect, IL

Multi-family for Sale - $539,900 - 5,686 Sq. Ft. on 0.2 acres


Property Info

CIMLS#133118
Location
  563 W Dempster
  Mount Prospect IL 60056
UpdatedFebruary 25th, 2011
TypeMulti-family
Price$539,900
Building5,686 Sq. Ft.
Land0.2 acres

Property Description

MOTIVATED SELLER! ALL OFFERS!COURTYARD LIKE SETTING ON THIS ALL 2BR/1BA APARTMENT BUILDING WITH 6 WELL MAINTAINED UNITS. 6 ASSIGNED PARKING SPACES. GREAT LOCATION WITH A WELL MAINTAINED END UNIT. UPDATED KITCHENS, BATHS, APPLIANCES, A/C UNITS. NEWER CERAMIC TILES AND CARPET. NEW COIN WASHER & DRYER ON SITE - OWNED AND MAINTAINED BY AN OWNER NOT A CORPORATION. ARM CHAIR INVESTMENT. FULLY LEASED WITH LONG TERM TENANT


Financials

Gross Rental Income: $61,900

Gross Rental Multiplier: 10

Total Annual Exps: 22850

Annual Net Operating Income: $43,563

Janitor Expense ($/src): $900/Actual

Water Expense ($/src): $3,500/

Repairs/Decor Expense ($/src): $0/

Total Monthly Income: 5075

Tax Amount: $11,859

Expense Source:

Net Oper Income Year: 2008

Fuel Expense ($/src): $4,550/

Scavenger Expense ($/src): $0/

Other Expense ($/src): $260/

Total Annual Income: 61900

Tax Year: 2009

Expense Year: 2009

Cap Rate: 7

Electricity Expense ($/src): $600/

Insurance Expense ($/src): $2,000/



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