About This Property

7-unit multifamily building located in Melrose Park. Fully rented long term tenants and all tenants are month to month. Units need updating to kitchens and bathrooms and needs new roof. Perfect value add property or immediate income producer. Buyer can assume 6% mortgage currently held by owner Total Monthly rent: $8,085 Electric: $680, Water: $300, Trash: $300, Lawn: $100, Property Taxes: $20,585 Total Yearly rent: $97,020 Total yearly expenses: $37,145 ROI: 6.9%

Key Features

• 9,358 SquareFeet Lot
• Built in 1958

Property Details

• Type: Single Family Home
• Year Built: 1958
• Lot Size: 9,358 sq ft
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: 9,358 SquareFeet Lot
• Feature: Built in 1958
• Status: Active
• MLS Number: 1194767953
• Days on Market: 0
• Listed By: United Realty Group Inc · Alexander Samuel Glaser
• Zip Code: 33312