1914 Railroad Avenue

Maywood, IL 60153

$755,000
Last Sold Price
24
Beds
12
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Maywood! 12 unit multi-family building for sale! 3 story brick building with 3 basements and 4 rented parking spots! Building remodel 2001 with updated copper plumbing and electrical! 12 rented apartment units in total consisting of 2 bedroom / 1 bathroom apartments! Building laundry hookups for 2 sets of washer/dryers! No existing laundry machines! 1 basement has 12 storage lockers that only landlord uses! Landlord pays water, garbage and building common electric! Tenant pays cooking gas, gas heat...Maywood! 12 unit multi-family building for sale! 3 story brick building with 3 basements and 4 rented parking spots! Building remodel 2001 with updated copper plumbing and electrical! 12 rented apartment units in total consisting of 2 bedroom / 1 bathroom apartments! Building laundry hookups for 2 sets of washer/dryers! No existing laundry machines! 1 basement has 12 storage lockers that only landlord uses! Landlord pays water, garbage and building common electric! Tenant pays cooking gas, gas heat and electric! All units have central heat and a/c mechanical closets! A/c roof condensers are not connected though! All units have disconnected dishwashers! All units have hardwood and tile floors! 2001 updated units and windows! Building located south of melrose park metra train station! 95% occupied! Some units require 24hr notice! Sorry no seller financing! Building has lots of potential! Building area - 10,800 sf! Roof reflective coating 2019!
  1. Listed by Victor Lopez • Coldwell Banker Realty
  2. Listed by Paul Proano • Coldwell Banker Commercial NRT

Sold By Homesmart Connect LLC

Property Details for 1914 Railroad Avenue

Area
Maywood
Num Of Parking Spaces
4.0
Num of Interior Fireplaces
0
Zoning
MULTI

Location

Add your commute
LISTING UPDATED: 07/22/2022 07:17 PM

Property Details for 1914 Railroad Avenue

StatusClosed
MLS #10585677
Days on Market893
Taxes$32,426 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1925
Lot Size0.16 AC / 6,953 SF
CountyCook County

Location

Add your commute

Building Information for 1914 Railroad Avenue

Stories-Residences12Year Built1925Building Size-Lot Size0.16 AC / 6,953 SF

Payment Calculator

$6,823 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,120

Property Taxes

$2,702

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1914 Railroad Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces
Location and General Information
  • Frontage Type: City Street
  • Information: 24-Hr Notice Required,No Sign on Property
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers, Service - 0 to 100 Amps
  • # Of Washers: 0
  • Basement Description: Finished
  • Heat/Ventilation: Central Heat/Indiv Controls
  • # Of Refrigerators: 12
  • Washer/Dryer Lsd: No
  • Misc Inside: Storage Inside
  • # Of Dryers: 0
  • # Of Dishwashers: 12
  • Num of Baths: 12.0
Exterior Features
  • Building Unit Info: Security System,Smoke/Alarm Detector,Storage/Locker Area
  • Misc Outside: Patio,Security Lighting,Security System,Storms and Screens (as exist)
Utilities / Equipment
  • Utilities: Sanitary Sewer, Sewer-Storm Available, Water-Community, Water to Site
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Flats
  • Lot Dimensions: 44' X 125' X 66' X 127'
  • Lot Size Square Feet: 6953.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Membrane, Other
  • Fire Protection: Fire Extinguisher/s,Hydrants On Site,Smoke or Fire Protectors,Carbon Monoxide Detector(s)
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 10800
  • Lot Size Source: County Records
  • # Of Ranges: 12
  • Conversion: N
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Multi-Family
  • Buyer Financing: Conventional, Owner May Help/Assist, Cash
  • Public Document Count: 1
  • Document Date: 2021-12-17T06:19:10
  • Photos Count: 50
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Lighting/Exterior,Security Entrance,Sidewalks,Cable Ready
  • Location: Corner,Mixed Use Area,Park Adjacent,Shopping Mall,Public Transport Avail
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 12
Income & Expenses
  • Electric Expense: $1,114.00
  • Fuel Expense: $440.00
  • Gross Income: $147,180.00
  • Gross Scheduled Income: $148,380.00
  • Insurance Expense: $4,710.00
  • Maintenance Expense: $6,814.00
  • Electric Expense Source: Actual
  • Expense Year: 2020
  • Total Annual Expense Source: Broker Projection
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 1800
  • Net Operating Income Year: 2020
  • Repairs-Decor Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 12265
  • Water Expense Source: Actual
  • Net Operating Income: $77,161.00
  • Operating Expense: $64,799.00
  • Other Expense: $.00
  • Trash Expense: $1,887.00
  • Water Sewer Expense: $7,095.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 12
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 0
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 1914 Railroad Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 1914 Railroad Avenue

This home is within Proviso Twp Hsd 209 School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 5 to 8
Public - 9 to 12
Public - PK to 7
Rating
School
Distance
Garfield Elementary School
PublicPK to 5

Irving Middle School
Public5 to 8

Proviso East High School
Public9 to 12

Washington Dual Language Academy
PublicPK to 7

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.

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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 Coldwell Banker Realty; Coldwell Banker Commercial NRT

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.