Eco Friendly
Address
840 W College Boulevard Addison, IL
Price
$ 625,000
Property Attributes
  • MLS#11227772
  • TypeContingent
  • CountyDU PAGE
  • CityAddison
  • AreaAddison
  • Zip60101
  • Style
  • Year Built1974
  • Taxes$ 15679
  • Price$ 625,000
  • Bedrooms3
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4950
  • Lot Size3,485 SqFt
Listing Provided Courtesy Of:
Executive Realty Group LLC
Data Source:
Midwest Real Estate Data (MRED) - 103 - IL
Property Description

6-Flat Multi-family investment in Addison with great return on investment. Highly rentable area. 100% occupied - Fully Rented! 3 units are 1 Bed/1 Bath and 3 units are 2 Bed/1 Bath. Tenants pay their own electricity. "OTHER EXPENSES" include $720/year for exterminator, Laundry equipment rental $490/year and association $3240/year.The association handles all lawn care and snow removal and the trash, so association fee is reasonable. Note regarding insurance: This owner chose to get an upgraded insurance policy, but new owner could lower their insurance cost a lot by having the more basic policy that other owners have in this area. Leased coin laundry in the building provides additional revenue. Units are all in good working order. May be purchased with 832 College (MLS #11227769), for a package deal! Excellent reliable steady cash flow! Make an offer today!

Price History
9/23/2021 Listed $625,000

General Features

Additional Parcels Y/N No
Association Fee Includes Parking, Lawn Care, Scavenger, Snow Removal
City Addison
Construction Materials Brick
Contingency Attorney/Inspection
Cooling Wall Sleeve
County Du Page
Days on Market 57
Directions LAKE STREET TO SWIFT S TO COLLEGE W
Electric Expense 365
Fuel Expense 2996
Grossincome 5925
Insurance Expense 3200
Lot Size Square Feet 3485
MLS Area Addison
Net Operating Income 41695
Operatingexpense 30905
Property Type Multi Family 5+
Property Type Commercial Sale
Standard Status Active Under Contract
Status Contingent
Stories 2
Street Name College
Tax Annual Amount 15679
Tax Year 2020
Tenant Pays Electricity
Total Units 6
Water Sewer Expense 5729
Year Built 1974
Zoning MULTI

Interior Features

Buyerofficeemail john@johngreco.net
Street Suffix Boulevard

Exterior Features

Building Area Total 4950
Buyerofficefax (630) 869-1800
Exterior Brick
Lot Dimensions COMMON
Total Parking 9

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 60101

Price
AVG $340K
$630K
Taxes
AVG $6,650
$15,679
Visits
AVG 46
13
Year Built
AVG 1982
1974
Walkscore
AVG 42
20
Data Provided by Walkscore ® not using MLS data

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