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9431 S Bishop Street

Chicago, IL 60620
  • $550,000
  • STATUS: Active
  • ON SITE: 352 Days
  • MLS #: 11687036
UPDATED: 43 min ago
$550,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1951
County:

School Ratings & Info

Description

Rarely available brick 5 unit! Month to month leases with long term tenants. Two units have been rented to the same tenants for over 17 years. One of those is a on a voucher that pays $1,200 towards her rent. The third and fourth units have had the same tenants for 5 and 6 years. The fifth unit will be vacant soon. Total revenue on a monthly basis from all five units plus the laundry is about $5,500. That is an annual Gross income of about $66,000. Annual expenses are approximately $16,000. Net annual income is approximately, $50,000. Great location close to hospitals, bus and train transportation.

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© 2023 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 @properties. Based on information submitted to the MRED as of 2023-11-30T08:58:19.983 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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9431 S Bishop Street Chicago, IL 60620

  • Price: $550,000
  • Status: Active
  • On Site: 352 Days
  • Updated: 43 min ago
  • MLS #: 11687036
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1951
Built
Neighborhood:
Chi - Washington Heights
County:
Cook
Area:
Chi - Washington Heights
Property Description
Rarely available brick 5 unit! Month to month leases with long term tenants. Two units have been rented to the same tenants for over 17 years. One of those is a on a voucher that pays $1,200 towards her rent. The third and fourth units have had the same tenants for 5 and 6 years. The fifth unit will be vacant soon. Total revenue on a monthly basis from all five units plus the laundry is about $5,500. That is an annual Gross income of about $66,000. Annual expenses are approximately $16,000. Net annual income is approximately, $50,000. Great location close to hospitals, bus and train transportation.
Exterior Features

Exterior Building Type Frame Parking Total 0 Roof Composition

Interior Features

Heat Ventilation Gas Number Of Ranges 5

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 4308 Built Before1978 YN Yes Gross Income 66000 Gross Scheduled Income 66000 Insurance Expense 2500 Maintenance Expense 500 Mls Actual Status Active Net Operating Income 50000 Operating Expense 16000 Tax Annual Amount 6095 Tax Year 2020 Tenant Pays Electricity Total Monthly Income 5500 Township Lake Type Multi Family 5+

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Keller Williams Preferred Rlty: 708-798-1111.


© 2023 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 @properties. Based on information submitted to the MRED as of 2023-11-30T08:58:19.983 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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