2121 Narcissus Avenue
Hanover Park, IL 60133

Status: Sold
Multi Family 5+
0 beds
0 baths
6,078 sq.ft
Listing Price: $625,000

About this home

AMAZING INCOME PROPERTY, ALL ARE OCCUPIED AND RENTED Best Investment Opportunity.....free-standing 6-unit building in excellent location! No association fee! Ten 5-BR's and 1-BR. Most units have been renovated from top to bottom! Separate laundry rooms with brand new coin operated washers & dryers. Private parking - 24 spaces total. Individually controlled heat. Easy to rent. 12 parking spots, double driveway....Close to schools, shops and Mile away from Elgin-O'Hare expressway.4 mile from 90 highway.

Property details

Property / Lot Details
Approximate Age Older
BuildingAreaTotal 6078
Property Type Multi Family 5+
CurrentUse Multi-Family
Lot Dimensions 50X120
Fire Protection Smoke or Fire Protectors
LotSizeSquareFeet 9360
Number Of Ranges 6
Type Multi-Family Corridor-Exterior Entrance
NumberOfUnitsTotal 6
School / Neighborhood, Utilities, Financing, Location Details
Air Conditioning Window Unit(s)
Area Major Hanover Park
Zoning Type MULTI
Directions Irving Pk Rd(W) of Barrington to East, (S) to Narcissus & W to property
Township Hanover
Unincorporated No
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Approx Year Built 1960
ConstructionMaterials Brick
Exterior Building Type Brick
Misc Outside Storms and Screens (as exist)
Outdoor Parking 13-18 Spaces
Parking Total 15
Roof Type Composition
Roof Structure Pitched
MRD Virtual Tour None
Number Of Window/Ac 6
Interior Features
Number Of Dryers 2
Heat/Ventilation Forced Air,Gas
Misc Inside Storage Inside
Number Of Refrigs 6
Stories 3
Utilities Sanitary Sewer, Water-Municipal
Washer/Dryer Lsd No
Number Of Washers 2
Units
unit 1
Beds Total 1
Baths Total 1
Number Of Rooms - Unit 1 4
UnitTypeUnitsTotal 5
Number Of Full Bthrms - Type 1 1
Monthly Income - 1 1050
Monthly Income Max - 1 1300
unit 2
Beds Total 1
Baths Total 1
Number Of Rooms - Unit 2 4
UnitTypeUnitsTotal 4
Number Of Full Bthrms - Type 2 1
Monthly Income - 2 1000
Monthly Income Max - 2 1200
unit 3
Beds Total 2
Baths Total 1
Number Of Rooms - Unit 3 5
UnitTypeUnitsTotal 2
Number Of Full Bthrms - Type 3 1
Monthly Income - 3 1150
Monthly Income Max - 3 1300
unit 4
Beds Total 2
Baths Total 1
Number Of Rooms - Unit 4 5
UnitTypeUnitsTotal 3
Number Of Full Bthrms - Type 4 1
Monthly Income - 4 1200
Monthly Income Max - 4 1300
unit 5
Beds Total 2
Baths Total 1
UnitTypeUnitsTotal 4
Number Of Full Bthrms - Type 5 1
Monthly Income - 5 1150
Number Of Rooms - Type 5 5
Monthly Income Max - 5 1300
unit 6
Beds Total 2
Baths Total 1
UnitTypeUnitsTotal 5
Number Of Full Bthrms - Type 6 1
Monthly Income - 6 1075
Monthly Income Max - 6 1300
unit 7
Beds Total 2
Baths Total 1
UnitTypeUnitsTotal 6
Number Of Full Bthrms - Type 7 1
Monthly Income - 7 1200
Number Of Rooms - Type 7 5
Monthly Income Max - 7 1300

Financials

Investment Profile Commercial Sale
CapRate 9
ElectricExpense 983
Known Encumbrances First Mortgage
Expense Year 2018
Financing Conventional
Fuel Expense $2,660
Fuel Expense Source Owner Projection
Gross Rental Income $83,400
Gross Rent Multiplier 7
Insurance Expense $1,740
Janitor Expense 600
Net Oper Income $55,467
Net Operating Income Year 2017
Other Expense Source Actual
Other Expense $1,710
MaintenanceExpense 1200
Scavenger Expense 0
Total Monthly Income 6950
OperatingExpense 27933
Water Expense $4,200

Tax/Assessments/Liens

Multiple Pin Numbers 0
PIN 06253080250000
Taxes $16,870
Tax Year 2016
$625,000 Listing Price:
MLS # 10258965
Investment Profile Commercial Sale
Listing Market Time 53 days
Basement
List Date 01/28/2019
Year Built 1960
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