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Listing 10 out of 3,008
$5,300,000 For Sale

7005 North Ridge Boulevard
Chicago, IL 60645

32 units | Multi Family Home - MLS# 10169579
Property Photo
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Description

Rarely available 32-unit courtyard entry apartment complex in up & coming East Rogers Park. Apartment mix is eight 2 bed/1 bath & twenty-four 1 bed/1 bath units. These units have separate living & dining rooms allowing for easy value-add opportunity of adding an additional bedroom to each unit. See floor plans attached. Meticulously maintained by same owner for over 40 years. New hot water system (2013); Tuckpointing (2011); New Boiler (2008). Building re-wired in 2002; copper piping installed in 2004. All bathrooms rehabbed between 2004 & 2007. All kitchens rehabbed between 2008 & 2011. Thermo-pane windows on entirety of building (2001). Each unit pays its own electric. Each unit has AC sleeves built into brick wall & hooked up directly to breaker boxes (2002). 5 coin-operated commercial grade washers & dryers. Massive amount of storage space & an office/work shop. 3 blocks to Ravenswood Metra. Lots of opportunity to increase income on this iconic center-entry brick Bldg.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family 5+
  • Listing Status: Active
  • County/Area: Cook County
  • Zip Code: 60645
  • Year Built: 1927
  • Units: 32 units
  • Basement: Partially Finished, Unfinished, Sub-Basement, Exterior Access, Bathroom Rough-In
  • Zoning: MULTI
  • # Of Bdrms - Unit 1: 1
  • # Of Bdrms - Unit 2: 2
  • # Of Dryers: 5
  • # Of Full Bthrms - Type 1: 1
  • # Of Full Bthrms - Type 2: 1
  • # Of Ranges: 32
  • # Of Refrigs: 32
  • # Of Rooms - Unit 1: 4 Rooms
  • # Of Rooms - Unit 2: 5 Rooms
  • # Of Stories: 3
  • # Of Units - Apt. Type 1: 24
  • # Of Units - Apt. Type 2: 8
  • # Of Washers: 5
  • # Of Window/Ac: 32
  • Air Conditioning: Wall Sleeve
  • Approximate Age: Older
  • Built Before 1978 (Y/N): Yes
  • Construction: Brick
  • Electrical Service: Circuit Breakers, Separate Meters, 101-200 Amps, Shared Meters
  • Electricity Expense: $2,835
  • Exterior Building Type: Brick
  • Fuel Expense: $20,767
  • Gross Rent Multiplier: 13.7
  • Heat/Ventilation: Hot Water, Radiators
  • Insurance Expense: $10,552
  • Lot Dimensions: 17200
  • Monthly Income - 1: $925
  • Monthly Income - 2: $1,250
  • Monthly Income Max - 1: $975
  • Monthly Income Max - 2: $1,300
  • North: 7005
  • Other Expense Source: $
  • Other Expenses: $7,125
  • Repairs-Decor Expense: $2,200
  • Roof Coverings: Rubber
  • Roof Structure: Flat
  • Tax Year: 2017
  • Taxes: $36,414
  • Tenant Pays: Electric
  • Total Annual Exp: 90259
  • Total Annual Income: $392,100
  • Total Monthly Income: $32,675
  • Township: Rogers Park
  • Type Multi-Family: Corridor-Exterior Entrance
  • Water Expense: $9,754
  • West: 2000
Courtesy of Dream Town Realty
Daniel And Associates Real Estate
465 East Roosevelt Road
West Chicago, IL 60185

Office:  630-231-8090
Office:  630-393-1700

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