$610,000
$637,000
4.2%For more information regarding the value of a property, please contact us for a free consultation.
1362 Port O Call DR Palatine, IL 60074
6,315 SqFt
Key Details
Sold Price $610,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 6,315 sqft
Price per Sqft $96
MLS Listing ID 10558857
Maintenance Fees $5,612
Year Built 1977
Annual Tax Amount $12,065
Tax Year 2017
Lot Size 3,484 Sqft
Property Sub-Type Multi Family 5+
Property Description
ALL 2 BEDROOM UNITS. SEPARATE FURNACES WITH CENTRAL AIR, TENANT PAYS FOR ELECTRIC. VERY LARGE UNITS WITH LIVING AND DINNING ROOMS AND BALCONIES. ASSESSMENT COVERS LAWN, SNOW, GARBAGE, AND COMMON INSURANCE . ----------------------------------------------------------------------------------------------------------------- (Performa: In light of the current rental market, Smaller 2-BR units can go for $950 and Bigger 2-BR can go for $1000. Based on these numbers, on average for each building, Gross Rental income could be $67,260, with 95% Occupancy, and Laundry income$1,200 (2018), a total gross of $68,460, expenses to be $30,000 (2019), net operating income will be $ 38,460 and CAP will be about 6.0%.
Location
State IL
County Cook
Area Palatine
Zoning MULTI
Interior
Cooling Central Individual
Exterior
Utilities Available Sanitary Sewer, Sewer-Storm Available, Water-Municipal
Roof Type Rubber
Building
Structure Type Brick
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Bought with Ashwin Patel • Indian Realty