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9431 S Bishop Street

Chicago, IL 60620
  • $535,000
  • STATUS: Active Under Contract
  • ON SITE: 107 Days
  • MLS #: 11491200
Under Contract
UPDATED: 229 min ago
$535,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1951
County:

School Ratings & Info

Description

Tenants are MTM, but long-term. Two units have been rented to the same occupants for over 17 years. One of those is a on a voucher. That voucher pays $1,200 towards her rent. The third and fourth units have had the same tenants for 5 and 6 years respectively. 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. The building is in good condition.

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© 2022 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 Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2022-11-28T23:57:32.363 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: $535,000
  • Status: Active Under Contract
  • On Site: 107 Days
  • Updated: 229 min ago
  • MLS #: 11491200
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1951
Built
Neighborhood:
Chi - Washington Heights
County:
Cook
Area:
Chi - Washington Heights
Property Description
Tenants are MTM, but long-term. Two units have been rented to the same occupants for over 17 years. One of those is a on a voucher. That voucher pays $1,200 towards her rent. The third and fourth units have had the same tenants for 5 and 6 years respectively. 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. The building is in good condition.
Exterior Features

Exterior Building Type Frame Parking Total 0 Roof Composition

Interior Features

Heat Ventilation Gas

Property Features

Additional Parcels YN No Approximate Age Older Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show Yes Gross Income 66000 Gross Scheduled Income 66000 Insurance Expense 2500 Maintenance Expense 500 Mls Actual Status Contingent 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 © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Re/Max Partners: 708-484-2300.


© 2022 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 Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2022-11-28T23:57:32.363 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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