1123 Grant Avenue

Chicago Heights, IL 60411

$200,000
Last Sold Price
5
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Rents have increased to provide a buyer with a 10.3% CAP Rate on this ideal investment opportunity. This meticulously maintained, 3-unit apartment building is fully occupied, with 2 long-term tenants, and bringing in over $20K per year in NOI. The two 1st floor units feature spacious living rooms and hardwood floors throughout living room and both bedrooms; units offer a large eat-in kitchen with ceramic tile floors. The 2nd floor unit has private entrance, large living room and extra large bedroom...Rents have increased to provide a buyer with a 10.3% CAP Rate on this ideal investment opportunity. This meticulously maintained, 3-unit apartment building is fully occupied, with 2 long-term tenants, and bringing in over $20K per year in NOI. The two 1st floor units feature spacious living rooms and hardwood floors throughout living room and both bedrooms; units offer a large eat-in kitchen with ceramic tile floors. The 2nd floor unit has private entrance, large living room and extra large bedroom with eat in kitchen and newer carpeting. Property has central heat and A/C. Both A/C units are approx. 10 years old and function as intended. Tenants pay their own electric and gas - all separately metered. Sale includes 3 refrigerators, 3 stoves and washer/dryer. Property is not approved for fha financing -- only cash or conventional financing. Property is in great condition, but will be sold "AS-IS". Property has already passed village inspection. Previous deals fell through due to buyers financing.
  1. Listed by Denise Raines • BHHS Chicago • (312) 953-5780

Sold By BHHS Chicago

Property Details for 1123 Grant Avenue

Area
Chicago Heights
Township
Bloom
Ownership
Fee Simple
Num Of Parking Spaces
2.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Forced Air
Architectural Style
Bungalow

Location

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LISTING UPDATED: 01/26/2024 02:00 AM

Property Details for 1123 Grant Avenue

StatusClosed
MLS #11703236
Days on Market371
Taxes$12,754 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built1949
Lot Size0.07 AC / 3,049 SF
CountyCook County

Location

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Building Information for 1123 Grant Avenue

Stories-Residences3Year Built1949Building Size-Lot Size0.07 AC / 3,049 SF

Payment Calculator

$2,154 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,091

Property Taxes

$1,063

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1123 Grant Avenue

General Information
School Information
  • Elementary School District: 170
  • Elementary School: Roosevelt Elementary School
  • Jr High Middle School: Chicago Heights Middle School
  • High School District: 206
  • High School: Bloom High School
  • Middle Or Junior School District: 170
Addtl Parking Information
  • Parking: Space/s
  • Parking Details: Off Street
  • Parking On Site: true
  • Parking Ownership: Owned
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Num Of Rooms: 8
  • Bedrooms (Below Grade): 0
  • Basement Type: Full
  • Bedrooms Possible: 5
  • Basement Description: Unfinished
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
  • Num of Baths: 3.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 71-80 Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 41X87
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Roof Type: Asphalt
  • General Information: None
  • 3 Br Un In Bldg: No
  • Conversion: N
Property and Assessments
  • Buyer Financing: Conventional, VA, Cash
  • Public Document Count: 3
  • Document Date: 2023-11-22T14:43:52
  • Photos Count: 21
  • Deconversion: N
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
  • Virtual Tour Date: 01-19-2023
Multi Family
Income & Expenses
  • Electric Expense: $380.00
  • Gross Income: $39,108.00
  • Insurance Expense: $2,143.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Actual
  • Insurance Expense Source: Actual
  • Other Expense Source: Actual
  • Repairs-Decor Expense Source: Actual
  • Trash Expense Source: Actual
  • Water Expense Source: Actual
  • Net Operating Income: $20,381.00
  • Professional Management Expense: $600.00
  • Trash Expense: $1,020.00
  • Water Sewer Expense: $1,280.00
  • Other Expenses $: 550
Unit 1
  • Unit Type Actual Rent: $1,250.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 09/24
Unit 2
  • Unit Type Actual Rent: $1,034.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 07/24
Unit 3
  • Unit Type Actual Rent: $1,125.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 09/24

Property History for 1123 Grant Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1123 Grant Avenue

Taxable ValueLand$1,015Additions$9,492Total$10,507
Tax Record2022$6,641 ($553 / month)
Home Facts
Baths3Total Finished SqFt4,513 SqFtAbove Grade Finished SqFt4,513 SqFtStories2Lot Size3,125 SqFtStyleMulti-Family Res (5+ Units)Year Built1949CountyCOOKAPN32-20-204-009

Schools near 1123 Grant Avenue

This home is within Bloom Twp Hsd 206 School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 9 to 12
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Roosevelt Elementary School
PublicK to 5

Bloom High School
Public9 to 12

Dist 206 Alternative High School
Public9 to 12

Cornerstone Christian School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of BHHS Chicago

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.