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    4608 Grove Avenue

    Brookfield, IL 60513
    • $874,900
    • STATUS: Active Under Contract
    • ON SITE: 70 days
    • MLS #: 11157502
    Under Contract
    UPDATED: 71 min ago
    $874,900
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,744
      SQFT
    • $113
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1973
    County:
    Area:

    School Ratings & Info

    Description

    Excellent investment opportunity! This turn-key 6-unit property has been upgraded and very well maintained to make it an ideal asset to manage with gross income over $86,000. Two ranch-style 3 bd / 2 full bath units ($1400 and $1400) on the first floor and four 2 bd / 1 bath units ($1250, $1100, $1015, $960) on the second floor. Very easy-to-rent area of Brookfield located close to expressways and major roads, public transportation and more. Long-term tenants with many rents way below-market. Current owners have updated boiler pumps and some plumbing, the roof, oversized commercial water heater, repaved parking lot and driveway, and updated some interiors of apartments, common areas, and many appliances. Interior hallway with security doors to exterior. Two sets of fully owned coin-op washers and dryers will be conveyed in the sale. Storage units for each tenant and additional storage closets for owners. With a location in highly rated Lyons Township High School district and just a few blocks to the elementary school, these apartments have been a dream to rent out. Super clean and ready to be someone's favorite new investment. One apartment upgraded with luxury vinyl plank flooring and five apartments with carpet and tile. Building is fully occupied - interior pictures are from when these units were temporarily vacant. Owner is a licensed broker in the state of Illinois.

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2021-09-24T16:08:37.127 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    4608 Grove Avenue Brookfield, IL 60513

    • Price: $874,900
    • Status: Active Under Contract
    • Updated: 71 min ago
    • MLS #: 11157502
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    7,744
    SQFT
    $113
    $/SQFT
    1973
    Built
    Neighborhood:
    Brookfield
    County:
    Cook
    Area:
    Brookfield
    Property Description
    Excellent investment opportunity! This turn-key 6-unit property has been upgraded and very well maintained to make it an ideal asset to manage with gross income over $86,000. Two ranch-style 3 bd / 2 full bath units ($1400 and $1400) on the first floor and four 2 bd / 1 bath units ($1250, $1100, $1015, $960) on the second floor. Very easy-to-rent area of Brookfield located close to expressways and major roads, public transportation and more. Long-term tenants with many rents way below-market. Current owners have updated boiler pumps and some plumbing, the roof, oversized commercial water heater, repaved parking lot and driveway, and updated some interiors of apartments, common areas, and many appliances. Interior hallway with security doors to exterior. Two sets of fully owned coin-op washers and dryers will be conveyed in the sale. Storage units for each tenant and additional storage closets for owners. With a location in highly rated Lyons Township High School district and just a few blocks to the elementary school, these apartments have been a dream to rent out. Super clean and ready to be someone's favorite new investment. One apartment upgraded with luxury vinyl plank flooring and five apartments with carpet and tile. Building is fully occupied - interior pictures are from when these units were temporarily vacant. Owner is a licensed broker in the state of Illinois.
    Exterior Features

    Exterior Building Type Brick Foundation Details Concrete Perimeter Land Amenities Curbs And GuttersLighting/ExteriorSidewalks Outdoor Parking 6-12 Spaces Parking Total 9 Roof Composition

    Interior Features

    Basement None Cooling Central AirWall Sleeve Heat Ventilation Central Heat/Indiv ControlsHot WaterBaseboard Miscellaneous Inside Inside Corridor/SStorage InsideLaundry Room Number Of Dryers 2 Number Of Ranges 6 Number Of Washers 2

    Property Features

    Additional Parcels YN No Approximate Age 36-50 Years Building Area Total 7744 Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show Yes Current Use Multi-Family Electric Circuit BreakersSeparate Meters Gross Income 85140 Gross Scheduled Income 86580 Insurance Expense 2717 Maintenance Expense 0 Net Operating Income 51995 Operating Expense 34584 Ownership Types Limited Liability Corp Tax Annual Amount 18404 Tax Year 2019 Tenant Pays Air ConditioningElectricity Total Monthly Income 7095 Township Lyons Type Multi Family 5+

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Compass.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2021-09-24T16:08:37.127 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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