2650 North Harlem Avenue

Elmwood Park, IL 60707

$780,000
Last Sold Price
36
Beds
21
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Cap Rate 8.09% Investment opportunity alert! this stunning brick multifamily property located in the highly coveted neighborhood of Elmwood Park This impressive property features six well-maintained units, Five of which offer two bedrooms and one bathroom. Each unit boasts gleaming hardwood floors, stainless steel appliances, granite countertops, ample closet space, and updated modern bathrooms. Tenants have the convenience of on-site coin laundry that also generates extra income for the owner along...Cap Rate 8.09% Investment opportunity alert! this stunning brick multifamily property located in the highly coveted neighborhood of Elmwood Park This impressive property features six well-maintained units, Five of which offer two bedrooms and one bathroom. Each unit boasts gleaming hardwood floors, stainless steel appliances, granite countertops, ample closet space, and updated modern bathrooms. Tenants have the convenience of on-site coin laundry that also generates extra income for the owner along with 4 parking spots. The property is in a prime location near some of the best shopping and restaurants the neighborhood has to offer. The local schools are highly rated, providing a top-notch education for the children. With its prime location and exceptional features, this multifamily is an ideal option for those looking to invest in a profitable and growing neighborhood. You can also purchase with 2646 N Harlem as a portfolio don't hesitate - contact us today to schedule a viewing and make this property yours!
  1. Listed by Rafay Qamar • Compass

Sold By RE/MAX of Naperville

Property Details for 2650 North Harlem Avenue

Area
Elmwood Park
Township
Leyden
Num Of Parking Spaces
4.0
Zoning
MULTI

Location

Add your commute
LISTING UPDATED: 09/20/2023 02:50 PM

Property Details for 2650 North Harlem Avenue

StatusClosed
MLS #11806550
Days on Market100
Taxes$16,713 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1961
Lot Size0.13 AC / 5,527 SF
CountyCook County

Location

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Virtual Tour

Building Information for 2650 North Harlem Avenue

Stories-Residences6Year Built1961Building Size-Lot Size0.13 AC / 5,527 SF

Payment Calculator

$5,650 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,257

Property Taxes

$1,393

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2650 North Harlem Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces
Location and General Information
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Electric: Service - 101 to 200 Amps
  • # Of Washers: 2
  • Heat/Ventilation: Gas
  • # Of Refrigerators: 6
  • # Of Dryers: 2
  • Num of Baths: 21.0
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: 4,375
  • Lot Size Square Feet: 5527.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Structure: Flat
  • # Of Ranges: 6
  • MRD_UNC: No
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 23
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $432.00
  • Fuel Expense: $2,200.00
  • Gross Income: $103,200.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $2,980.00
  • Maintenance Expense: $3,600.00
  • Janitor Expense: 0
  • Total Monthly Income: 8600
  • Net Operating Income: $.00
  • Operating Expense: $.00
  • Other Expense: $.00
  • Trash Expense: $960.00
  • Water Sewer Expense: $3,600.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 2
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 3
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 4
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 5
Unit 6
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 6
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 2650 North Harlem 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 2650 North Harlem Avenue

Taxable ValueLand$5,906Additions$58,093Total$63,999
Tax Record2022$18,794 ($1,566 / month)
Home Facts
Baths6Total Finished SqFt5,527 SqFtAbove Grade Finished SqFt5,527 SqFtStories2Lot Size4,375 SqFtStyleMulti-Family Res (5+ Units)Year Built1961CountyCOOKAPN12-25-415-039

Schools near 2650 North Harlem Avenue

This home is within Elmwood Park Community Unit School District 401.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
John Mills Elementary School
PublicPK to 5

Elm Middle School
Public6 to 8

Elmwood Park High School
Public9 to 12

St. William 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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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 Compass

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. Based on information submitted to the MLS GRID as of 09/20/2023 02:50 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.