8622 W Summerdale Avenue

FULLY OCCUPIED ALL BRICK 6 UNIT BUILDING LOCATED IN THE O'HARE-CHICAGO SUBMARKET. UNIT 1-N IS A 3 BED 1.1 BATH AND THE TENANT IS M-T-M. UNIT 1-S IS A 1 BED 1 BATH AND THE LEASE EXPIRES 9-30-25. UNIT 2-N IS A 2 BED 1 BATH AND THE TENANT IS M-T-M. UNIT 2-S IS A 2 BED 1 BATH AND THE TENANT IS M-T-M. UNIT 3-N IS A 2 BED 1 BATH AND THE LEASE EXPIRES 9-30-25. UNIT 3-S IS A 2 BED 1 BATH AND THE TENANT IS M-T-M. TENANTS PAY ELECTRIC. CURRENT INCOME IS $7300 PER MONTH / $87,600 PER YEAR. THE 2024 EXPENSES WERE; GAS $3575.24, WATER $3051.04, COMMON AREA ELECTRIC $530.18, GARBAGE $2435.41 AND THE 2025 BUILDING INSURANCE IS $3887.53 THERE ARE 6 A/C UNITS INCLUDED. ROOF WAS REPLACE IS 2016. SELLER DOES NOT HAVE THE AGES OF THE MECHANICALS OR WINDOWS. MECHANICALS ARE MAINTAINED ANNUALLY.

Studio

6,300 Sq.Ft. LIVING AREA

5,900 Sq.Ft. lot

Chris Demos

title Broker
PHONE (847) 707-1456
EMAIL [email protected]
DRE # 475.135317

Features & Amenities

Area & Lot

Status Active Under Contract
Living Area6,300 Sq.Ft.
Total Area6,300 Sq.Ft.
Lot Area5,900 Sq.Ft.
MLS® ID12461483
TypeMulti-Family
YEAR BUILT1974
NeighborhoodChicago

Exterior

STORIES3
roofComposition
AIR CONDITIONINGWindow Unit(s)
SubstructureConcrete Perimeter

Financial

Sales Price$975,000
Real Estate Tax $16,035/yr
Zoning MULTI

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