Lansing, IL 60438 17725 Commercial Avenue
$450,000
26 more
Presented By: Horvath & Tremblay IL, LLC
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
Beds • 6
Home Details
Meticulously Maintained 5 Unit Building. Also for Sale is 17719 Commercial Ave which is an identical 5 Unit building next door, which shares a parking lot that has been recently completely replaced. There are a total of 5 Units, 1 (3Bed/2Bath), 3 (2Bed/1Bath) & 1 (1Bed/1Bath) Units. There are 9 parking spots in the back, and there is common laundry room in the basement. The Landlord pays for the Boiler Heat, Hot Water, Water, Common Electric & Garbage. Tenants are responsible for their own units electric bill. Many upgrades, major capital improvements, and preventive maintenance has been completed on this building. Current Rent Roll of $4,415 with upside to $7,000.
Presented By: Horvath & Tremblay IL, LLC
General for 17725 Commercial Avenue
Additional Parcels Y/NNo
CityLansing
ContingencyAttorney/Inspection
CountyCook
Days on Market17
DirectionsHead South on Torrence Ave, Left on 178th, Left on Commercial Ave property is on the right
Electric Expense1241
Fuel Expense3517
Gross Income52980
Insurance Expense1963
MLS AreaLansing
MaintenanceExpense1250
Net Operating Income28043
NumberOfUnitsTotal5
Operating Expense25911
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive Under Contract
StatusContingent
Stories2
Tax Annual Amount14031
Tax Year2023
Tenant PaysElectricity
Trash Expense1355
Water Sewer Expense1602
Year Built1974
ZoningMULTI
Exterior for 17725 Commercial Avenue
Lot Dimensions130X65
Lot Size Acres0.2
Additional Details
Price History
