SOLD
$600,000
Date 04/18/2024

1435 Hervey Avenue
North Chicago, IL 60064

Multi-Family, Business Opportunities
Residence
7,500
Sqft
0.5
Lot Size
Courtesy: Blue Fence Real Estate Inc.

Description for 1435 Hervey Avenue North Chicago, IL 60064

CASH COW WITH POSSIBLE RENT INCREASES TOO!! 5 UNIT LARGE SOLID BRICK TOWNHOUSE BUILDING REMODELED 2016. NEW ROOF IN 2020. FOUR 3-BEDROOMS AND ONE LARGE 2-BEDROOM UNIT ALL WITH FINISHED BASEMENTS, 2 FULL BATHS, FENCED BACK & FRONT YARD, ASSIGNED PARKING SPACES. NEWER APPLIANCES INCLUDING WASHER AND DRYER IN EACH UNIT. EACH UNIT HAS OWN METER FOR THE UTILITIES. UPGRADED ELECTRIC AND PLUMBING. NEWER CENTRAL AIR. INSPECTED AND UP TO CODE WITH CITY. NEW DRAIN TILE ON ALL BASEMENT AND NEW SUMP PUMPS, NEW WINDOWS INCLUDING NEW UP TO CODE BASEMENT EGRESS WINDOW ON ALL UNITS. GREAT CAP RATE. LOT TO THE NORTH & SOUTH ARE BOTH INCLUDED. TOTAL 7 PINS. CERTIFIED SECTION 8. INCREASE RENT TO 2024 HUD APPROVED RENT FOR SECTION 8 ($1820 FOR 3 BEDS, $1430 FOR 2 BEDS = TOTAL MONTHLY POTENTIAL INCOME OF $8,710) - SEE ATTACHED FROM HUD USER. SELLER REQUESTS FLEXIBLE CLOSING WITH 1031 EXCHANGE.

Property Details

11657428
Multi-Family, Business Opportunities, 2 Story
Lake
1957
0.5 Acres
Public
2
Brick
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Courtesy: Blue Fence Real Estate Inc.
Listings courtesy of MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 5/6/2024. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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