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    701 Irving Park Road

    Roselle, IL 60172
    • $974,900
    • STATUS: Active
    • ON SITE: 402 days
    • MLS #: 10483055
    UPDATED: 79 min ago
    $974,900
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 17,637
      SQFT
    • $55
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1975
    County:

    School Ratings & Info

    Description

    24 UNIT OFFICE BUILDING WITH A 10.6% CAP RATE. 3 FLOORS AND 8 UNITS EACH FLOOR. ALL UNITS 600 S/F WITH HALF BATH. OFFICE BUILDING WITH PARKING LOT. 22,000 S/F LOT AND BUILDING. THESE FIGURES ARE ACTUAL: NET MONTHLY INCOME $8657.02 (4 vacancy's there is no projected income in these figures): EXPENSES: ALL MONTHLY..$600 ELECTRIC, $180 WATER, $700 CLEANING, $120 TRASH, LANDSCAPING $120, SNOW REMOVAL $250 ON SITE PROPERTY MANAGER $800.00/MONTH LOW TAXES $23,316.32 $1943.02 MONTH. TOTAL EXPENSES WITH TAXES AND PROPERTY MANAGER $5089.98/MONTHLY NET INCOME $7432.91 GROSS ANNUAL INCOME $149374.68 ANNUAL EXPENSES $61,080.32 NET ANNUAL INCOME $90094.92 THE VILLAGE IS OPEN TO A CONDO CONVERSION AND A POTENTIAL TIF SHOULD SOMEONE CHOOSE TO CONVERT.

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    © 2020 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 O'Neil Property Group, LLC. Based on information submitted to the MRED as of 2020-09-18T08:50:52.5 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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    701 Irving Park Road Roselle, IL 60172

    • Price: $974,900
    • Status: Active
    • Updated: 79 min ago
    • MLS #: 10483055
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    17,637
    SQFT
    $55
    $/SQFT
    1975
    Built
    Neighborhood:
    Keeneyville / Roselle
    County:
    DuPage
    Area:
    Keeneyville / Roselle
    Property Description
    24 UNIT OFFICE BUILDING WITH A 10.6% CAP RATE. 3 FLOORS AND 8 UNITS EACH FLOOR. ALL UNITS 600 S/F WITH HALF BATH. OFFICE BUILDING WITH PARKING LOT. 22,000 S/F LOT AND BUILDING. THESE FIGURES ARE ACTUAL: NET MONTHLY INCOME $8657.02 (4 vacancy's there is no projected income in these figures): EXPENSES: ALL MONTHLY..$600 ELECTRIC, $180 WATER, $700 CLEANING, $120 TRASH, LANDSCAPING $120, SNOW REMOVAL $250 ON SITE PROPERTY MANAGER $800.00/MONTH LOW TAXES $23,316.32 $1943.02 MONTH. TOTAL EXPENSES WITH TAXES AND PROPERTY MANAGER $5089.98/MONTHLY NET INCOME $7432.91 GROSS ANNUAL INCOME $149374.68 ANNUAL EXPENSES $61,080.32 NET ANNUAL INCOME $90094.92 THE VILLAGE IS OPEN TO A CONDO CONVERSION AND A POTENTIAL TIF SHOULD SOMEONE CHOOSE TO CONVERT.
    Exterior Features

    Location Tif Zone Lot Dimensions 120X85.97X100.86X85.91 Lot Sq Ft 10461 Number Of Parking Spaces 50 Number Of TLDocks 0

    Interior Features

    Air Conditioning Central Air Fire Protection Other Number Of Drive In Doors 0 Number Of Stories 3

    Property Features

    Age 36-50 Years Built Before1978 YN Yes Current Use Office And Research Electrical Service 101-200 Amps Expense Year 2019 Exterior Building Type Brick Extra Storage Spaces Available YN Yes Geographic Locale Chicago West Gross Rental Income Amount 149374 Heat Ventilation ElectricForced Air Max Avail Sq Ft Rentable 0 Min Avail Sq Ft Rentable 0 Net Oper Income Amount 90094 Net Operating Income Year 2019 Number Of Tenants 20 Possession Closing Potential Use Residential-Multi-FamilyZoning Change Required Property Offered For Sale Only Tax Year 2018 Taxes 23315 Tenant Pays Air ConditioningHeat Total Annual Exp 61079 Total Annual Expense Source Actual Total Annual Income 150274 Total Monthly Income 12447 Township Bloomingdale Zoning Type Multi

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Homesmart Connect Llc.


    © 2020 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 O'Neil Property Group, LLC. Based on information submitted to the MRED as of 2020-09-18T08:50:52.5 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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    135 E. Van Emmon St.
    Yorkville IL, 60560