707 - 709 W. Cornelia
| Multi-Residential - Current Operating Returns | |
|---|---|
| Property Address | 707-709 W. Cornelia |
| Price | 1,700,000.00 |
| Units | 11 |
| Contact Agent | |
| Name | Eric Janssen |
| Phone | 773-327-9300 x203 |
| ericj@crer.com | |
| Description | |
|
Great opportunity to buy rarely available center entrance property in one of Chicago's most desirable neighborhoods. Property at 703-705 (9 units) is also available.
The building is in great condition and is 100% occupied. All leases have a 120 day cancellation clause. Perfect for an investment or a condo conversion in this fast appreciating neighborhood Few blocks from Lake Michigan in "hot" Lakeview neighborhood. Close to transportation, Wrigley, shopping, Restaurants, etc... Agent ownership interest in LLC |
|
| Summary - Operating Information | |
| Price | 1,700,000.00 |
| Number of Units | 11 |
| Price Per Unit | 154,545.45 |
| Gross Rent Multiple | 11.40 |
| Capitalization Rate | 6.10 |
| Approximate Age | 87 |
| Approximate Square Feet | 8760 |
| Annualized Operating Data | |
| Scheduled Gross Income | 148,800 |
| Expenses | |
| Real Estate Taxes | 14,260 |
| Total Expenses | 37,120 |
| Net Operating Income | 103,700 |
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies.