CRER Auction
This is a Sealed Bid Auction. The deadline is 5:00pm, C.D.T. Wednesday, September 30th, 2009.
SHOWING SCHEDULE FOR THE FOLLOWING PROPERTIES:
- 7116 S. HARVARD
- 4853 S. PRAIRIE
- 5656 S. MARSHFIELD
- 1519 S. RIDGEWAY
WEDNESDAY, SEPTEMBER 16th FROM 9:00AM - 11:30AM
SATURDAY, SEPTEMBER 19th FROM 9:00AM - 11:30AM
WEDNESDAY, SEPTEMBER 23rd FROM 9:00AM - 11:30AM
SATURDAY, SEPTEMBER 26th FROM 9:00AM - 11:00AM
SHOWING SCHEDULE FOR THE FOLLOWING PROPERTIES:
- 17135 WESTVIEW AVE SOUTH HOLLAND
- 8356 S. MACKINAW
- 2428 W. VERMONT
WEDNESDAY, SEPTEMBER 16th FROM 1:00PM - 3:30PM
SATURDAY, SEPTEMBER 19th FROM 1:00PM - 3:30PM
WEDNESDAY, SEPTEMBER 23rd FROM 1:00PM - 3:30PM
SATURDAY, SEPTEMBER 26th FROM 1:00PM - 3:00PM
Contact Tim Keenan at 773.327.9300 x206 for password and instructions to obtain BID PACKET
The subject property is being sold “As-Is, Where-Is” without warranty or guarantee of any kind except as may be otherwise expressly contained in the Real Estate Contract. While information has been obtained from sources deemed reliable, no responsibility or liability is assumed for errors and/or conclusions of any kind whatsoever. Property may be withdrawn from sale without notice, and Seller reserves the rights to waive any formality of the sale process or reject any bid for any reason.
| Multi-Residential - Current Operating Returns | |
|---|---|
| Property Address | 7116 S. Harvard Avenue |
| Units | 6 + Garden |
| Contact Agent | |
| Name | Tim Keenan |
| Phone | 773-327-9300 x206 |
| timk@crer.com | |
| Description | |
| The property consists of 6 + Garden unit multi-family residential building, originally constructed in 1901. Unit mix consists of 6 two-bedroom, one-bathroom units, with a total gross building area of 5,748 sq. ft In addition, there are two basements under the building, which contain parts. One half is a unit and the half has various meters for the property, as well as designed for storage etc., other amenities are gas fired boiler heat and hot water heaters for the property are located in the basements. | |
| Summary - Operating Information | |
| Number of Units | 6 + Garden |
| Approximate Square Feet | 6,050sq.ft. |
| Expenses | |
| Real Estate Taxes | PIN # 20282000050000 Taxes: $3,429 |
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.
The subject property is being sold “As-Is, Where-Is” without warranty or guarantee of any kind except as may be otherwise expressly contained in the Real Estate Contract. While information has been obtained from sources deemed reliable, no responsibility or liability is assumed for errors and/or conclusions of any kind whatsoever. Property may be withdrawn from sale without notice, and Seller reserves the rights to waive any formality of the sale process or reject any bid for any reason.
| Multi-Residential - Current Operating Returns | |
|---|---|
| Property Address | 4853 S. Prairie |
| Units | 18 |
| Contact Agent | |
| Name | Tim Keenan |
| Phone | 773 -327-9300 x206 |
| timk@crer.com | |
| Description | |
| The property consists of 18 units: Unit mix consists of three (3) 6 room, 2 bedroom, 1bath apartments, six (6) 5 room, 2 bedroom, 1 bath apartments and (9) 4 room, 1 bedroom, 1 bath apartments. The units are very large and have living rooms and dining rooms. All units have individual heat and there are two 100 gallon hot water tanks in the basement for the building | |
| Summary - Operating Information | |
| Number of Units | 18 |
| Approximate Square Feet | 11,400sq.ft. |
| Expenses | |
| Real Estate Taxes | PIN # 20101100170000 Taxes: $23,661.52 |
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.
The subject property is being sold “As-Is, Where-Is” without warranty or guarantee of any kind except as may be otherwise expressly contained in the Real Estate Contract. While information has been obtained from sources deemed reliable, no responsibility or liability is assumed for errors and/or conclusions of any kind whatsoever. Property may be withdrawn from sale without notice, and Seller reserves the rights to waive any formality of the sale process or reject any bid for any reason.
| Multi-Residential - Current Operating Returns | |
|---|---|
| Property Address | 5656 S. Marshfield |
| Units | 8 |
| Description | |
| The property consists of 8 unit multi-family residential building, originally constructed in 1908. Unit mix consists of 8 two- bedroom, one-bathroom units, with a total gross building area of 7,788 sq. ft., and a net rentable area of ? sq. ft., or an average unit size of ? sq. ft. In addition, there are partial basements under the building which contains various meters for the property, as well as designed for storage etc., the unit sizes vary due to four units having one extra room. Other amenities are individual gas space heaters on the second level and individual gas forced air furnaces for the first floor and basements which are located in the basements. Hot water heaters for the property are located in the basements. | |
| Summary - Operating Information | |
| Number of Units | 8 |
| Approximate Square Feet | 6,000sq.ft. |
| Expenses | |
| Real Estate Taxes | PIN # 20182140450000 Taxes: $7,795 |
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.
The subject property is being sold “As-Is, Where-Is” without warranty or guarantee of any kind except as may be otherwise expressly contained in the Real Estate Contract. While information has been obtained from sources deemed reliable, no responsibility or liability is assumed for errors and/or conclusions of any kind whatsoever. Property may be withdrawn from sale without notice, and Seller reserves the rights to waive any formality of the sale process or reject any bid for any reason.
| Multi-Residential - Current Operating Returns | |
|---|---|
| Property Address | 1519 S. Ridgeway Avenue |
| Units | 6 |
| Contact Agent | |
| Name | Tim Keenan |
| Phone | 773-327-9300 x206 |
| timk@crer.com | |
| Description | |
| The property consists of 6 unit multi-family residential building, originally constructed in 1908. Unit mix consists of 6 two- bedroom, one-bedroom units, with a total gross building area of 4,800 sq. ft. In addition, there is a full basement under the building which contains various meters for the property, as well as designed for storage etc., the units are very large and have living rooms and dining rooms. Other amenities are individual gas forced air furnaces and hot water heaters. | |
| Summary - Operating Information | |
| Number of Units | 6 |
| Approximate Square Feet | 3,000sq.ft |
| Expenses | |
| Real Estate Taxes | PIN # 20101100170000 Taxes: $23,661.52. |
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.
The subject property is being sold “As-Is, Where-Is” without warranty or guarantee of any kind except as may be otherwise expressly contained in the Real Estate Contract. While information has been obtained from sources deemed reliable, no responsibility or liability is assumed for errors and/or conclusions of any kind whatsoever. Property may be withdrawn from sale without notice, and Seller reserves the rights to waive any formality of the sale process or reject any bid for any reason
| Multi-Residential - Current Operating Returns | |
|---|---|
| Property Address | 17135 Westview Ave. - South Holland, IL |
| Units | 3 |
| Contact Agent | |
| Name | Tim Keenan |
| Phone | 773-327-9300 x206 |
| timk@crer.com | |
| Description | |
| The property consists of 6,000 sq. ft. class C office building, originally constructed in 1985. The first floor is divided into three office spaces each consisting of about 1,000 sq. ft. each, the second level is one large 3,000 sq. ft. office. Other amenities are individual gas forced air furnaces and hot water tanks along with central air conditioning. Parking lot has 40 spaces. | |
| Summary - Operating Information | |
| Number of Units | 3 |
| Approximate Square Feet | 6,000sq.ft |
| Expenses | |
| Real Estate Taxes | PIN # 29281020140000 Taxes: $13,083.61 |
| Other Expenses | *We just received the results of the tax appeal which reflect a reduction of 95,502 in assessment. The assessment was reduced from 146,389 to 50,887. Based on the most recent tax rates and multiplier, the annual tax savings is approximately $30,698. |
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.
The subject property is being sold “As-Is, Where-Is” without warranty or guarantee of any kind except as may be otherwise expressly contained in the Real Estate Contract. While information has been obtained from sources deemed reliable, no responsibility or liability is assumed for errors and/or conclusions of any kind whatsoever. Property may be withdrawn from sale without notice, and Seller reserves the rights to waive any formality of the sale process or reject any bid for any reason.
| Multi-Residential - Current Operating Returns | |
|---|---|
| Property Address | 8356 S. Mackinaw |
| Units | 6 |
| Contact Agent | |
| Name | Tim Keenan |
| Phone | 773-327-9300 x206 |
| timk@crer.com | |
| Description | |
| The property consists of 6 unit multi-family residential building, originally constructed in 1902. Unit mix consists of 6 one- bedroom, with a total gross building area of 4,700 sq. ft., and a net rentable area of 4500 sq. ft., or an average unit size of 750 sq. ft. Other amenities are individual gas forced air furnaces and hot water heaters. | |
| Summary - Operating Information | |
| Number of Units | 6 |
| Expenses | |
| Real Estate Taxes | PIN # 21322020460000 Taxes: $2,175.60 |
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.
The subject property is being sold “As-Is, Where-Is” without warranty or guarantee of any kind except as may be otherwise expressly contained in the Real Estate Contract. While information has been obtained from sources deemed reliable, no responsibility or liability is assumed for errors and/or conclusions of any kind whatsoever. Property may be withdrawn from sale without notice, and Seller reserves the rights to waive any formality of the sale process or reject any bid for any reason.
| Multi-Residential - Current Operating Returns | |
|---|---|
| Property Address | 2428 W. Vermont |
| Units | 2 |
| Contact Agent | |
| Name | Tim Keenan |
| Phone | 773-327-9300 x206 |
| timk@crer.com | |
| Description | |
| The property is mixed-use with office space in the front and an attached house with two bedrooms in the rear, originally constructed in 1955. Office mix consists of eight private offices, conference room, waiting room, three secretary areas, kitchen and basement for storage. Other amenities are individual gas forced air furnaces and hot water heaters. Office space has central air. | |
| Summary - Operating Information | |
| Number of Units | 2 |
| Approximate Square Feet | 4,000sq.ft |
| Expenses | |
| Real Estate Taxes | PIN # 24362310290000 Taxes: $16,155 |
| Other Expenses | *We just received the results of the tax appeal which reflect a reduction of 53,200 in assessment. The assessment was reduced from 75,111 to 21,911. New Tax bill is $6,456 |
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.