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5810 W 87th Street

Burbank, IL 60459
  • $1,429,000
  • STATUS: Active Under Contract
  • ON SITE: 52 Days
  • MLS #: 11912575
Under Contract
UPDATED: 51 min ago
$1,429,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1973
County:

School Ratings & Info

Description

This meticulously maintained 12-unit apartment building epitomizes the essence of a lucrative investment opportunity. Its present success, while impressive, barely scratches the surface of its true potential. The commitment to excellence is evident in every facet of this property, making it a standout option for discerning investors. The building's robust income stream is merely a glimpse of what could be achieved with strategic management. Despite its already impressive financial performance, there exists ample room for growth, positioning this asset as an attractive proposition for those looking to maximize their returns. One of the hallmarks of this property is its recent upgrades, which testify to its commitment to modernity and longevity. The newer windows not only enhance aesthetic appeal but also contribute to energy efficiency, creating a more sustainable and cost-effective living environment for tenants. The resealed roof serves as a testament to the owner's dedication to preserving the building's structural integrity, ensuring its durability for years to come. The commitment to providing a top-tier living experience extends to the practical aspects as well. The parking area, thoughtfully redone in 2022, ensures convenience and safety for residents and their vehicles. The inclusion of a newer furnace and hot water heater, both of which are high-efficiency models installed in 2020, attests to the property's readiness to meet modern energy standards while keeping operating costs in check. Furthermore, the strategic location of this building adds another layer of desirability. Situated near shopping centers and expressways, tenants enjoy unparalleled convenience, making it an ideal place to call home. The proximity to key amenities not only enhances the overall tenant experience but also contributes to tenant retention and demand, ultimately bolstering the property's income potential. In summary, this well-maintained 12-unit apartment building is a remarkable investment opportunity. Its strong income, potential for growth, recent upgrades, efficient systems, and prime location coalesce to create an attractive package that any savvy investor would be wise to consider. This property stands as a testament to the art of real estate investment and management, offering both immediate rewards and a promising future.

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© 2023 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 Keller Williams Success Realty. Based on information submitted to the MRED as of 2023-12-11T16:59:21.51 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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5810 W 87th Street Burbank, IL 60459

  • Price: $1,429,000
  • Status: Active Under Contract
  • On Site: 52 Days
  • Updated: 51 min ago
  • MLS #: 11912575
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1973
Built
Neighborhood:
Burbank / Nottingham Park
County:
Cook
Area:
Burbank / Nottingham Park
Property Description
This meticulously maintained 12-unit apartment building epitomizes the essence of a lucrative investment opportunity. Its present success, while impressive, barely scratches the surface of its true potential. The commitment to excellence is evident in every facet of this property, making it a standout option for discerning investors. The building's robust income stream is merely a glimpse of what could be achieved with strategic management. Despite its already impressive financial performance, there exists ample room for growth, positioning this asset as an attractive proposition for those looking to maximize their returns. One of the hallmarks of this property is its recent upgrades, which testify to its commitment to modernity and longevity. The newer windows not only enhance aesthetic appeal but also contribute to energy efficiency, creating a more sustainable and cost-effective living environment for tenants. The resealed roof serves as a testament to the owner's dedication to preserving the building's structural integrity, ensuring its durability for years to come. The commitment to providing a top-tier living experience extends to the practical aspects as well. The parking area, thoughtfully redone in 2022, ensures convenience and safety for residents and their vehicles. The inclusion of a newer furnace and hot water heater, both of which are high-efficiency models installed in 2020, attests to the property's readiness to meet modern energy standards while keeping operating costs in check. Furthermore, the strategic location of this building adds another layer of desirability. Situated near shopping centers and expressways, tenants enjoy unparalleled convenience, making it an ideal place to call home. The proximity to key amenities not only enhances the overall tenant experience but also contributes to tenant retention and demand, ultimately bolstering the property's income potential. In summary, this well-maintained 12-unit apartment building is a remarkable investment opportunity. Its strong income, potential for growth, recent upgrades, efficient systems, and prime location coalesce to create an attractive package that any savvy investor would be wise to consider. This property stands as a testament to the art of real estate investment and management, offering both immediate rewards and a promising future.
Exterior Features

Parking Total 18

Interior Features

Cooling Wall SleeveWindow Unit(s) Heat Ventilation Central Bldg HeatRadiators Number Of Dryers 2 Number Of Ranges 12 Number Of Washers 2

Property Features

Additional Parcels YN No Approximate Age 36-50 Years Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show Yes Fire Protection Fire Extinguisher/s Gross Income 144000 Gross Scheduled Income 144000 Insurance Expense 5088 Maintenance Expense 2500 Mls Actual Status Contingent Net Operating Income 118552 Operating Expense 25448 Tax Annual Amount 22364.1 Tax Year 2021 Tenant Pays Electricity Total Monthly Income 12000 Township Stickney Type Multi Family 5+

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Infiniti Properties, Inc.: 708-206-3000.


© 2023 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 Keller Williams Success Realty. Based on information submitted to the MRED as of 2023-12-11T16:59:21.51 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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